Q1. Prepare a Bank Reconciliation Statement from the following on 31st March, 2014:
Answers
Answer:
Reconciliation as follows:-
Explanation:
Balance as per cash book ₹ 12,500
Add:-
(i) bank charges ₹ 50 entered twice in cash book ₹ 50
(ii) direct deposit by a customer into bank but not entered in cash book ₹1,500
Total ₹ 14,050
Less:-
(i) cheque deposited but not yet credited ₹ (4,500)
(ii) discount allowed to customer ₹ 120 entered in bank column of cash book ₹ (120)
Total ₹ 9,430
balance as per passbook reconciled to ₹ 9,430.