Question

Question 2.
Prepare Bank Reconciliation Statement from the following information:
Cash at bank as shown by the Cash Book ₹ 75,000. Cheques drawn but not yet presented:
S. Sahai – ₹ 2,000
Man Mohan – ₹ 3,000
Cheques paid into the bank but not yet credited, ₹ 1,900. Bank charges not yet entered in the Cash Book, ₹ 100.

Answer 1

The bank reconciliation statement is shown below:

Explanation:

Bank reconciliation statement is the statement which states the process, in which it explains the difference on the particular date among the bank balance shown in the business bank statement, which as supplied through the bank and amount shown in the business accounting recording prepared by them.

Statement of Bank reconciliation

Addition:

Cash book Balance  (DR).                                                           Rs75,000

Cheques which are drawn but not presented yet                     Rs5,000

Total                                                                                               Rs 80,000

                                                                                    

Subtraction:

Cheques paid into bank but not credited yet                          Rs 1,900

Bank charges not entered in Cash book                                   Rs 100

Balance as per Pass book                                                          Rs78,000

Total                                                                                              Rs80,000

Working Note:

Balance as per Pass book = Total - Cheques deposited but not cleared

= Rs80,000 - Rs2,900

= Rs78,000