Question

Question 1 :
Prepare the Bank Reconciliation Statement of M/s. RK Brothers on 30th June 2018 irom the
particulars given below:
i
The Bank Pass Book had a debit balance of 25,000 on 30th June, 2018.
A cheque worth 400 directly deposited into Bank by customer but no entry was
made in the Cash Book.
V
iii. Out of cheques issued worth * 34,000, cheques amounting to 3 20,000 only were
presented for payment till 30th June, 2018,
iv.
A cheque for 4,000 received and entered in the Cash Book but it was not sent to the
Bank
Cheques worth 20,000 had been sent to Bank for collection but the collection was
reported by the Bank as under,
1. Cheques collected before 30th June, 2018, 14,000
2. Cheques collected on 10th July, 2018, 4,000
3. Cheques collected on 12th July, 2018, 32,000.
vi. The Bank made a direct payment of 600 which was not recorded in the Cash Book.
vii. Interest on Overdraft charged by the bank * 1,600 was not recorded in the Cash Book
viii. Bank charges worth * 80 have been entered twice in the cash book whereas Insurance
charges for 370 directly paid by Bank was not at all entered in the Cash Book.
ix. The credit side of bank column of Cash Book was under cast by 2,000.
10 Marks ​

Answer 1

Explanation:

Answer is Cash Book Debit Balance ₹ 25210

Total of Plus side is 14270

Total of Minus side is 39480

Answer 2

Cash Book Debit Balance ₹ 25210

GIVEN: Statement of M/s. RK Brothers on 30th June 2018
TO FIND:  Bank Reconciliation Statement
SOLUTION:

From the transactions given in the question, the Bank Reconciliation Statement will be as follows:

                   BANK RECONCILIATION STATEMENT

Add/Less          Particulars                                              Amount      Amount

                    Overdraft as per Pass Book                                           25,000

                           (Dr. Balance)                                        

Add:              Cheques issued but not presented        14,000

                          Rs.(34,000-20,000)

                     Cheques deposited into the Bank by       400

                    Customer but not entered in Cash Book

                     Bank charges are written twice in Cash Book 80       14,480

Less:            Cheques received, recorded in the cash

                     Book but not sent to the Bank                   4,000

                   Cheques sent to the Bank but not collected 6,000

                   Direct payment made by the bank not        600

                    recorded in the Cashbook

                  Interest on Overdraft charged by Bank     1,600

                  Insurance charges not entered in Cash Book  70

                 The credit side of the bank column of the Cash 2000

                          Book was undercast

                Overdraft as per Cash Book                                             25,210

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