Question No 02 Chapter No 11

Question No 02 Chapter No 11

02.The balance of cash at the bank as shown by the Cash Book of Pan & Co. on 31st December 2016, was 7,500. On checking the entries in the Cash Book with the Pass Book, it was ascertained that cheques of 500 and 700 respectively paid in on 30th December, were not credited until the 2nd January following and three cheques of 600, 800 and 1,200 issued on the 28th December were not presented until the 3rd of January. There was a credit of 125 in the Pass Book in respect of interest under date 31st December, which was not entered in the Cash Book.
There were also Bank Charges debited in the Pass Book amounting in all to 10 which were not entered in the Cash Book.
Prepare a Bank Reconciliation Statement as of 31st December 2016

The solution of Question No 02 Chapter No 11: –

Bank Reconciliation Statement
ParticularPlus Items
(Rs)
Minus Items
(Rs)
Debit Balance as per Cash Book7,500 
Add: Cheques issued but not presented for payment (600 + 800 + 1,200)2,600 
Interest credited by the bank125 
Less: Cheques deposited but not credited by the bank (500 + 700) 1,200
Bank Charges 10
Credit Balance as per Pass Book 9,015
 10,22510,225

Bank Reconciliation Statement | Process | Illustration |

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