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Question -

On December 31, 2017, the cash book of Mittal Bros. Showed an overdraft of Rs 6,920. From the following particulars prepare a Bank Reconciliation Statement and ascertain the balance as per passbook.
(1) Debited by bank for Rs 200 on account of Interest on overdraft and Rs 50 on account of charges for collecting bills.
(2) Cheques drawn but not encashed before December, 31 2017 for Rs 4,000.
(3) The bank has collected interest and has credited Rs 600 in passbook.
(4) A bill receivable for Rs 700 previously discounted with the bank had been dishonoured and debited in the passbook.
(5) Cheques paid into bank but not collected and credited before December 31, 2017 amounted Rs 6,000.



Answer -

Bank Reconciliation Statement of Mittal Bros. as on  December 31, 2017

S. No.

Particulars

(+)

Amount

(₹)

(–)

Amount

(₹)

 

Overdraft as per the Cash Book

 

6,920

1

Bank debited interest on overdraft

 

200

 

Bank debited charges for collecting bills

 

50

2

Cheque issued but not presented for payment

4,000

 

3

Bank collected interest

600

 

4

Bill Receivable dishonoured

 

700

5

Cheque  deposited but not cleared in December

 

6,000

 

 

 

 

 

Overdraft as per  the Pass Book

9,270

 

 

 

13,870

13,870

 

 

 

 

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