On 31st December, 2015 the cash book of Mr. Ajay Singh showed a debit balance of Rs.8,600.

On comparing with the passbook, the following facts were discovered:

  1. Two cheques of Rs.400 and Rs.800 were deposited in the bank on 29th December but not yet collected by the bank
  2. On 30th December, bank credited Rs.900 as interest but this is not recorded in the cash book.
  3. On 26th December, three cheques of Rs.800, Rs.1000 and Rs.1200 were issued but only the first was presented to the bank for payment.
  4. Bank charges of Rs.300 were not entered in the cash book.

Prepare the bank reconciliation statement as on 31st December, 2015.

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

Expert Answer:

Bank reconciliation statement of Mr. Ajay as on 31st December, 2015

 

 

Particulars

(+)

Amount

Rs.

(−)

Amount

Rs. 

 i. 

Balance as per Cash book

18,600

 

 ii. 

Cheques deposited but not collected by the bank

(Rs.400 + Rs.800) 

 

1,200

 iii. 

Interest credited by the bank

900

 

 iv. 

Cheques issued but not presented for payment

(Rs.1000 + Rs.200) 

2,200

 

 v. 

Bank charges not recorded in the cash book

 

300

 

 

 

1500

 

Balance as per Pass book (21,700 - 1,500)

 

20,200

 

 

21,700

21,700

 

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