Question No 13 Chapter No 11

Question No 13 Chapter No 11

13. Prepare a Bank Reconciliation Statement from the following particulars:-
On 31st December 2019, I had an overdraft of 750 as shown by my Pass Book. I had issued cheques amounting to 250 of which 200 worth only seem to have been presented for payment. Cheques amounting to 100 had been paid in by me on 30th December, but of these only 75 were credited in the Pass Book. I also find that a cheque for 10 which I had debited to the bank account in my books has been omitted to be banked. There is a debit of 25 in my Pass Book for interest.
An entry of 30 of payment by a customer directly into the bank appears in the Pass Book. My Pass Book also shows a credit of 60 to my account for interest on investments directly collected by my bankers.

The solution of Question No 13 Chapter No 11: –

Bank Reconciliation Statement
ParticularPlus Items
(Rs)
Minus Items
(Rs)
Credit Balance (Overdraft) as per Cash Book 750
Add: Cheque deposited but not credited25 
Cheque recorded in the cash book but not sent to the bank10 
Interest charged by Bank25 
Less: Cheque issued but not presented for payment 50
The amount deposited by the customer 30
Interest on investments 60
Credit Balance (Overdraft) as per Cash Book830 
 890890

Bank Reconciliation Statement | Process | Illustration |

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