The passbook of Mr. Raj shows a debit balance of Rs.15,000. Prepare the bank reconciliation statement dated as on December 31, 2005.

  1. Bank charges debited as per passbook Rs.400
  2. Bank received a payment directly from Mr. Kumar Rs.6,500
  3. Cheque issued to Mr. Ravi but not presented for payment Rs.3,880
  4. Interest credited by the bank Rs.600
  5. Telephone bill paid by bank Rs.1,500
  6. Cheques deposited with the bank but not collected Rs.2,600
  7. Mr. Raj recorded cheques in the cash book but did not send the same to the bank for collection   Rs.1,500

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

Expert Answer:

Bank Reconciliation Statement as on 31st December, 2005

 

 

Particulars

Amount

Rs. 

Amount

Rs. 

 

Overdraft Balance as per Pass Book (Dr.)

 

15,000

Add

Payment directly received from Mr. Kumar 

6,500

 

 

Cheque issued to Mr. Ravi but not presented for payment 

3,880

 

 

Interest credited by the bank 

600

10,980

 

 

 

25,980

Less

Bank charges debited as per passbook 

400

 

 

Telephone bill paid by bank 

1,500

 

 

Cheques deposited with the bank but not collected 

2,600

 

 

Recorded cheques in the cash book but did not send the same to the bank 

1,500

6,000

 

Overdraft Balance as per Cash Book (Cr.)

 

19,980

 

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