From the following particulars, prepare a bank reconciliation statement showing the balance as per passbook on January 31, 2016.

  1. Overdraft shown as per cash book on January 31, 2016 Rs.8,000
  2. Interest on overdraft for six months ending January 31, 2016 of Rs.380 debited in the passbook
  3. Cheques issued but not encashed prior to January 31, 2016 amounted to Rs.2,150
  4. Interest on investment collected by the bank and credited in the passbook Rs.1000
  5. Bank charges for the above period also debited in the passbook Rs.500
  6. Cheques paid to bank but not cleared before January, 31 2016 were Rs.6,450
  7. A bill receivable for Rs.500 previously discounted with the bank had been dishonoured and debited in the passbook.

Asked by Topperlearning User | 18th Jul, 2016, 04:09: PM

Expert Answer:

Bank Reconciliation Statement as on 31st January, 2016

 

 

Particulars

Amount

Rs. 

Amount

Rs. 

 

Overdraft Balance as per Cash Book (Cr.)

 

8,000

Add

Interest on overdraft charged by the bank

380

 

 

Bank charges not recorded in the cash book

500

 

 

Cheques deposited into bank but not cleared

6,450

 

 

Bill receivable dishonoured

500

7,830

 

 

 

15,830

Less

 

 

 

 

Cheques issued but not presented for payment

2,150

 

 

Interest on investment collected by the bank

1,000

3,150

 

Overdraft Balance as per Pass Book (Dr.)

 

12,680

 

 

Answered by  | 18th Jul, 2016, 06:09: PM