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Question -

Bank balance of Rs 40,000 showed by the cash book of Atul on December 31, 2016. It was found that three cheques of Rs 2,000, Rs 5,000 and Rs 8,000 deposited during the month of December were not credited in the passbook till January 02, 2017. Two cheques of Rs 7,000 and Rs 8,000 issued on December 28, were not presented for payment till January 03, 2017. In addition to it bank had credited Atul for Rs 325 as interest and had debited him with Rs 50 as bank charges for which there were no corresponding entries in the cash book.

Prepare a bank reconciliation statement as on December 31, 2016.



Answer -

Bank Reconciliation Statement of Atul as on  December 31, 2016

S. No.

Particulars

(+)

Amount

Rs

(–)

Amount

Rs

 

Balance as per the Cash Book

40,000

 

(i)

Cheques deposited but not cleared in December

 

15,000

(ii)

Cheque issued but presented for payment for payment

15,000

 

(iii)

Bank allowed interest

325

 

(iv)

Bank debited charges

 

50

 

 

 

 

 

Balance as per the Pass Book

 

40,275

 

 

55,325

55,325

 

 

 

 

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