Question

Question 35.
Mohan & Co., have two bank accounts – Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account as on 31st March, 2018 according to the Cash Book (Bank Column) of the firm:

Answer 1

Answer:

the attachment is given

Answer 2

Bank Reconciliation Statement as on 31 March 2018 will be -

Overdraft as per pass book = ( 14,724)

Cheques issued but not presented for payment = ( 6429)

Transfer of funds from A/c II to I in cash book = ( 5000)

Total = 26,153

Cheques deposited but not cleared = 9751

Interest charged on overdraft = 607

Bank charges = 140

Transfer of funds from A/c II to I in cash book = ( 5000)

Overdraft as per the cash book = 15, 655

Total = 26, 153