From the following particulars, prepare a bank reconciliation statement showing the balance as per the cash book on March 31st, 2015.

  1. Two cheques of Rs.4,000 and Rs.3,000 were paid to bank on March, 2015 but were not credited by the bank in the month of March.
  2. A cheque of Rs.700 which was received from a customer in March 2015 was omitted to be banked but was recorded in the cash book.
  3. Cheques for Rs.8,350 were issued into bank in January 2015 but not debited by the bank till March 31, 2015.
  4. Interest of Rs.1,250 on investment collected by bank appeared in the passbook.
  5. Balance as per passbook was Rs.85,000.

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

Expert Answer:

Bank Reconciliation Statement as on 31st March, 2015

 

 

Particulars

Amount

Rs. 

Amount

Rs. 

 

Balance as per Pass Book (Cr.)

 

 

85,000

Add

Cheque deposited but not credited

(Rs.4,000 + Rs.3,000)

7,000

 

 

Cheque recorded in the cash book but not deposited in the bank

700

7,700

 

 

 

92,700

Less

Cheque issued but not presented for payment

8,350

 

 

Interest on investment collected by bank

1,250

9,600

 

Balance as per Pass Book (Dr.)

 

83,100

 

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