Chapter 5 Bank Reconciliation Statement Solutions

Question - 11 : -
On March 31 2017 the cash book showed a balance of Rs 3,700 as cash at bank, but the bank passbook made up to same date showed that cheques for Rs 700, Rs 300 and Rs 180 respectively had not presented for payment, Also, cheque amounting to Rs 1,200 deposited into the account had not been credited. Prepare a bank reconciliation statement.

Answer - 11 : -

Bank Reconciliation Statement, as on March 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Balance as per the Cash Book	3,700
(i)	Three cheques issued but not presented for payment	1,180
(ii)	Cheque deposited but not cleared		1,200

	Balance as per the Pass Book		3,680
		4,880	4,880

Question - 12 : -
The cash book shows a bank balance of Rs 7,800. On comparing the cash book with passbook the following discrepancies were noted:
(a) Cheque deposited in bank but not credited Rs 3,000
(b) Cheque issued but not yet present for payment Rs 1,500
(c) Insurance premium paid by the bank Rs 2,000
(d) Bank interest credit by the bank Rs 400
(e) Bank charges Rs 100
(d) Directly deposited by a customer Rs 4,000

Answer - 12 : -

Bank Reconciliation Statement
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Balance as per the Cash Book	7,800
(a)	Cheque deposited but not credited in the Pass Book		3,000
(b)	Cheque issued but not yet presented for payment	1,500
(c)	Insurance premium paid by bank		2,000
(d)	Bank allowed interest	400
(e)	Bank debited charges		100
(f)	Amount directly deposited by customer	4,000

	Balance as per the Pass Book		8,600
		13,700	13,700

Question - 13 : -
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 - 13 : -

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

Question - 14 : -
On comparing the cash book with passbook of Naman it is found that on March 31, 2017, bank balance of Rs 40,960 showed by the cash book differs from the bank balance with regard to the following:
(a) Bank charges Rs 100 on March 31, 2017, are not entered in the cash book.
(b) On March 21, 2017, a debtor paid Rs 2,000 into the company’s bank in settlement of his account, but no entry was made in the cash book of the company in respect of this.
(c) Cheques totaling Rs 12,980 were issued by the company and duly recorded in the cash book before March 31, 2017, but had not been presented at the bank for payment until after that date.
(d) A bill for Rs 6,900 discounted with the bank is entered in the cash book with recording the discount charge of Rs 800.
(e) Rs 3,520 is entered in the cash book as paid into bank on March 31st, 2017, but not credited by the bank until the following day.
(f) No entry has been made in the cash book to record the dishonour or on March 15, 2017 of a cheque for Rs 650 received from Bhanu.
Prepare a reconciliation statement as on March 31, 2017.

Answer - 14 : -

Bank Reconciliation Statement of Naman as on March 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Balance as per the Cash Book	40,960
(a)	Bank debited charges		100
(b)	Amount directly paid by debtor into bank account	2,000
(c)	Cheques issued but not presented for payment	12,980
(d)	Discount charges of bill was omitted to be recorded in the Cash Book		800
(e)	Amount debited in bank column of the Cash Book but not deposited in bank		3,520
(f)	Cheque dishonoured not recorded in the Cash Book		650

	Balance as per the Pass Book		50,870
		55,940	55,940

Question - 15 : -
Prepare bank reconciliation statement as on December 31, 2017. On this day the passbook of Mr. Himanshu showed a balance of Rs 7,000.

(a) Cheques of Rs 1,000 directly deposited by a customer.
(b) The bank has credited Mr. Himanshu for Rs 700 as interest.
(c) Cheques for Rs 3,000 were issued during the month of December but of these cheques for Rs 1,000 were not presented during the month of December.

Answer - 15 : -

Bank Reconciliation Statement of Mr. Himanshu as on December 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Balance as per the Pass Book	7,000
(a)	Cheques directly deposited by a customer		1,000
(b)	Bank allowed interest		700
(c)	Cheques issued but not presented for payment in December		1,000

	Balance as per the Cash Book		4,300
		7,000	7,000

Question - 16 : -
From the following particulars prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2016.
(a) Two cheques of Rs 2,000 and Rs 5,000 were paid into bank in October, 2016 but were not credited by the bank in the month of December.
(b) A cheque of Rs 800 which was received from a customer was entered in the bank column of the cash book in December 2016 but was omitted to be banked in December, 2016.
(c) Cheques for Rs 10,000 were issued into bank in November 2016 but not credited by the bank on December 31, 2016.
(d) Interest on investment Rs 1,000 collected by bank appeared in the passbook.

Balance as per Passbook was Rs 50,000

Answer - 16 : -

Bank Reconciliation Statement as on December 31, 2016
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Balance as per the Pass Book	50,000
(a)	Cheques deposited but not cleared till 31 December	7,000
(b)	Cheque debited in the Cash Book but not deposited in the bank	800
(c)	Cheque issued but not presented (not debited in the Pass Book)		10,000
(d)	Interest on investment collected by bank		1,000

	Balance as per the Cash Book		46,800
		57,800	57,800

Question - 17 : -
Balance as per passbook of Mr. Kumar is 3,000.
(a) Cheque paid into bank but not yet cleared
Ram Kumar Rs 1,000
Kishore Kumar Rs 500
(b) Bank Charges Rs 300
(c) Cheque issued but not presented
Hameed Rs 2,000
Kapoor Rs 500
(d) Interest entered in the passbook but not entered in the cash book Rs 100
Prepare a bank reconciliation statement.

Answer - 17 : -

Bank Reconciliation Statement of Mr. Kumar
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Balance as per the Pass Book	3,000
(a)	Cheques deposited but not yet cleared.	1,500
(b)	Bank debited charges	300
(c)	Cheques issued but not presented for payment		2,500
(d)	Bank allowed interest but not entered in the Cash Book		100

	Balance as per the Cash Book		2,200
		4,800	4,800

Question - 18 : -
The passbook of Mr. Mohit current account showed a credit Balance of Rs 20,000 on dated December 31, 2016. Prepare a Bank Reconciliation Statement with the following information.
(i) A cheque of Rs 400 drawn on his saving account has been shown on current account.
(ii) He issued two cheques of Rs 300 and Rs 500 on of December 25, but only the Ist cheque was presented for payment.
(iii) One cheque issued by Mr. Mohit of Rs 500 on December 25, but it was not presented for payment whereas it was recorded twice in the cash book.

Answer - 18 : -

Bank Reconciliation Statement of Mr. Mohit's Current Account, as on December 31, 2016
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Balance as per pass book	20,000
(i)	Cheque issued from saving account wrongly debited in the current account of the pass book	400
(ii)	Cheque issued but not presented for payment		500
(iii)	Cheque issued but not presented for payment and twice credited in cash book		1,000
	Balance as per cash book		18,900
		20,400	20,400

Question - 19 : -
On Ist January 2017, Rakesh had an overdraft of Rs 8,000 as showed by his cash book. Cheques amounting to Rs 2,000 had been paid in by him but were not collected by the bank by January 01, 2017. He issued cheques of Rs 800 which were not presented to the bank for payment up to that day. There was a debit in his passbook of Rs 60 for interest and Rs 100 for bank charges. Prepare bank reconciliation statement for comparing both the balance.

Answer - 19 : -

Bank Reconciliation Statement of Rakesh as on January 01, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Overdraft as per the Cash Book		8,000
(i)	Cheques deposited but not yet cleared		2,000
(ii)	Cheques issued but not presented for payment	800
(iii)	Interest on overdraft debited by bank		60
(iv)	Bank debited charges		100

	Overdraft as per the Pass Book	9,360
		10,160	10,160

Question - 20 : -
Prepare bank reconciliation statement.
(i) Overdraft shown as per cash book on December 31, 2017 Rs 10,000.
(ii) Bank charges for the above period also debited in the passbook Rs 100.
(iii) Interest on overdraft for six months ending December 31, 2017 Rs 380 debited in the passbook.
(iv) Cheques issued but not incashed prior to December 31, 2017 amounted to Rs 2,150.
(v) Interest on Investment collected by the bank and credited in the passbook Rs 600.
(vi) Cheques paid into bank but not cleared before December, 31 2017 were Rs 1,100.

Answer - 20 : -

Bank Reconciliation Statement as on December 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Overdraft as per the Cash Book		10,000
(i)	Bank debited charges		100
(ii)	Interest charged by bank on overdraft		380
(iii)	Cheques issued but not presented for payment	2,150
(iv)	Interest on investment credited in the Pass Book but not entered in the Cash Book	600
(v)	Cheques deposited but cleared		1,100

	Overdraft as per the Pass Book	8,830
		11,580	11,580

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Chapter 5 Bank Reconciliation Statement Solutions

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