From the following particulars, prepare a bank reconciliation statement as on 31st January, 2015:

On 31st January, the cash book of a firm showed a bank balance of Rs.12,345 (debit balance)

  1. Cheques had been issued for Rs.8,350; out of which cheques worth Rs.2,451 only were presented for payment
  2. Cheques worth Rs.1,400 were deposited in the bank on 28th January, but had not been credited by the bank. In addition to this, one cheque for Rs.450 was entered in the cash book on 30th January, but was banked on 3rd February.
  3. A cheque from Rs.400 was deposited in the bank on 26th January, but was dishonoured.
  4. Pass book showed bank charged Rs.250 is debited by the bank.
  5. One of the debtors directly deposited a sum of Rs.500 in the bank account of the firm on 20th January.

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

Expert Answer:

Bank Reconciliation Statement as on 31st January, 2015

 

 

Particulars

Amount

Rs. 

Amount

Rs. 

 

Balance as per Cash Book (Dr.)

 

 

12,345

Add

Cheque issued but not presented for payment (Rs.8,350−Rs.2,451)

5,899

 

 

Direct deposit by a debtor

500

6,399

 

 

 

18,744

Less

Cheque deposited but not credited

1,400

 

 

Cheque recorded in cash book but not yet banked

450

 

 

Cheque dishonoured but not recorded in the cash book

400

 

 

Bank charges

250

2,500

 

Balance as per Pass Book (Cr.)

 

16,244

 

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