Question No 15 Chapter No 11

Question No 15 Chapter No 11

15. Prepare a Bank Reconciliation Statement on 31 December 2019 from the following particulars:-
(a) A’s overdraft as per Pass Book 20,000 as of 31st Dec.
(b) On 30th December, cheques had been issued for 80,000, of which cheques worth 15,000 only had been encashed up to 31st December.
(c) Cheques amounting to 6,500 had been paid into the bank for collection but of these only 2,500 had been credited in the Pass Book.
(d) The bank has charged 700 as interest on overdraft and the intimation of which has been received on 2nd January 2020.
(e) The Bank Pass Book shows credit for 2,000 representing 1,400 paid by the debtor of A direct into the bank and 600 collected directly by bank in respect of interest on A,s investment. A had no knowledge of these items.
(f) A cheque for 3,600 has been debited in the bank column of Cash Book by A, but it was not sent to the bank at all.

The solution of Question No 15 Chapter No 11: –

Bank Reconciliation Statement
ParticularPlus Items
Minus Items
Debit Balance (Overdraft) as per Pass Book 20,000
Add: (c) Cheque deposited but not collected (6,500 – 2,500)4,000 
(d) Interest on Overdraft charged by Bank700 
(f) Cheque recorded in the cash book but not sent to the bank3,600 
Less: (b) Cheque issued but not presented (80,000 – 15,000) 65,000
(e) Direct deposit by customer 1,400
(e) Interest on investments 600
Credit Balance (Overdraft) as per Cash Book78,700 

Bank Reconciliation Statement | Process | Illustration |

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