Question No 09 Chapter No 11

Question No 09 Chapter No 11

09. On 31st December 2019 the Cash Book of Basu showed an overdraft of 18,000 with the Bank of India. The balance did not agree with the balance as shown by the Bank Pass Book and you find that Basu had paid into the Bank on 26th December four cheques for 10,000; 12,000; 6,000 and 8,000. Of these, the cheque for 6,000 was
credited by the bank in January 2015. Basu had issued on 24th December three cheques for 15,000, 12,000,
and 7,000. The first two cheques were presented to the bank for payment in December and the third in January, 2020.
You also find that on 31st December 2014, the bank had debited Basu’s Account for 500 for interest and 20 for charges but Basu has not recorded these amounts in his books.
You are required to prepare a Bank Reconciliation Statement as of 31st December 2019 and ascertain the balance as per Bank Pass Book.

The solution of Question No 09 Chapter No 11: –

Bank Reconciliation Statement
ParticularPlus Items
Minus Items
Credit Balance (Overdraft) as per Cash Book 18,000
Add: Cheque issued but not presented for payment7,000 
Less: Cheque deposited but not credited by Bank 6,000
Bank charged interest 500
Bank charges 200
Credit Balance as per Pass Book17,520 

Bank Reconciliation Statement | Process | Illustration |

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