The cash book of M/s Shah and Sons showed a debit balance of Rs.47,500 on March 31, 2016.

  1. Out of cheques amounting to Rs.4,000 drawn by M/s Shah and Sons on March 27, a cheque for Rs.1,600 was encashed in April.
  2. Bank credited Rs.3,800 for interest collected by them, but the amount is not entered in the cash book
  3. Rs.7,400 was paid in by M/s Shah and Sons by cheques on March, 31; of which cheques amounting to Rs.1,800 were collected in April
  4. A cheque of Rs.780 credited in the pass book on March 28 was dishonoured. There was no entry in the cash book about the dishonour of the cheque until April.

Prepare bank reconciliation statement on March 31, 2016.

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

Expert Answer:

Bank Reconciliation Statement of M/s Shah and Sons as on 31st March, 2016

 

 

Particulars

Amount

Rs. 

Amount

Rs. 

 

Balance as per Cash Book (Dr.)

 

47,500

Add

Cheques drawn by M/s Shah and Sons but payment is not made  

1,600

 

 

Bank credited for interest collected by them 

3,800 

5,400

 

 

 

52,900

Less

 

 

 

 

Amount deposited but not collected

1,800

 

 

Cheque dishonoured

780

2,580

 

Balance as per Pass Book (Cr.)

 

50,320

 

 

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