Question No 04 Chapter No 11

Question No 04 Chapter No 11

04. On 30th June 2014, the bank balance as per Sanjay Yadav’s Cash Book was 1,500. On comparing with the Pass Book the following information was received:-
1. Cheques amounting to 7,290 were issued on 28th June, of which one cheque of 1,300 was presented in the bank for payment on 4th July.
2. Cheques deposited into bank for 10,000, but of these cheques for 4,000 were cleared and credited in July.
3. Interest and Dividend on investments 580 collected by bank and credited to his account but he did not have any information for this.
4. Life Insurance Premium 750 paid by bank according to his standing orders.
5. Bank Charges 25 not recorded in the Cash Book.
Prepare a Bank Reconciliation Statement

The solution of Question No 04 Chapter No 11: –

Bank Reconciliation Statement
ParticularPlus Items
Minus Items
Debit Balance as per Cash Book1,500 
Add: 1. Cheques issued but not presented for payment1,300 
3. Interest and Dividend collected by Bank580 
Less: 2. Cheques deposited but not yet credited by the bank 4,000
4. Life Insurance Premium paid by Bank 750
5. Bank charges not recorded in Cash Book 25
Credit Balance as per Pass Book1,395 

Bank Reconciliation Statement | Process | Illustration |

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