Question

Question 22.
Prepare Bank Reconciliation Statement from the following particulars as on 31st March, 2018, when Pass Book shows a debit balance of ₹ 2,500:
(i) Cheque issued for ₹ 5,000 but up to 31st March, 2018 only ₹ 3,000 could be cleared.
(ii) Cheques issued for ₹ 1,000 but omitted to be recorded in the Cash Book.
(iii) Cheques deposited for ₹ 5,500 but cheques for ₹ 500 were collected on 4th April 2018.
(iv) A discounted Bill of Exchange dishonoured ₹ 1,000.
(v) A cheque of ₹ 500 debited in Cash Book but omitted to be banked.
(vi) Interest allowed by bank ₹ 200 but no entry was passed in the Cash Book.

Answer 1

The BRS (bank reconciliation statement) 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.

• In short, it is the statement which matches the records for the entries of cash account in relation to the bank statement of the company.

Working Note:

Overdraft as per Cash book = Total - Sum of (+) side

= Rs 4,700 - Rs 3,000

= Rs 1,700

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Answer 2

Answer:

bank reconciliation statement of Mr Paramesh brothers as on 30 April 2018