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Question -

Overdraft shown by the passbook of Mr. Murli is Rs 20,000. Prepare bank reconciliation statement on dated March 31, 2017.
 
(i) Bank charges debited as per passbook Rs 500.
(ii) Cheques recorded in the cash book but not sent to the bank for collection Rs 2,500.
(iii) Received a payment directly from customer Rs 4,600.
(iv) Cheque issued but not presented for payment Rs 6,980.
(v) Interest credited by the bank Rs 100.
(vi) LIC paid by bank Rs 2,500.
(vii) Cheques deposited with the bank but not collected Rs 3,500.



Answer -

Bank Reconciliation Statement of Mr. Murli as on March 31, 2017

S. No.

Particulars

(+)

Amount

Rs

(–)

Amount

Rs

 

Overdraft as per the Pass Book

 

20,000

(i)

Bank charges debited in the Pass Book

500

 

(ii)

Cheque recorded in the Cash Book but not banked

2,500

 

(iii)

Amount directly paid by customer in the bank

 

4,600

(iv)

Cheque issued but not presented for payment

 

6,980

(v)

Interest allowed by bank

 

100

(vi)

LIC (insurance premium) paid by bank

2,500

 

(vii)

Cheques deposited but not cleared

3,500

 

 

 

 

 

 

Overdraft as per the Cash Book

22,680

 

 

 

31,680

31,680

 

 

 

 

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