From the following particulars of Mr. Harish Kumar, ascertain the balance as per passbook on December 31, 2015.

  1. The bank balance as per cash book was Rs.9,500 on December 31, 2015
  2. Cheques issued but not cashed before date amounted to Rs.2,570
  3. Cheques paid into bank, but not cleared before December 31, 2015 amounted to Rs.2,000
  4. Interest on investments collected by the bank but not entered in the cash book amounted to Rs.875
  5. Cheque issued for Rs.2,500 but was entered as Rs.250 in the cash book
  6. Bank charges debited only in the passbook Rs.150

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

Expert Answer:

Bank Reconciliation Statement as on December 31, 2015

 

 

Particulars

Amount Rs. 

Amount Rs. 

 

Balance as per Cash Book (Dr.) 

 

 

9,500

Add

Cheque issued but not presented for payment

2,570

 

 

Interest on investment collected by the bank

875

3,445

 

 

 

12,945

Less

Cheque deposited but not cleared

2,000

 

 

Cheques issued wrongly recorded (2,500 - 250)

2,250

 

 

Bank charges

150

4,400

 

Balance as per Pass Book (Cr.) 

 

8,545

 

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