On 31st December, 2012 the bank balance as per the cash book of M/s Mahajan & Sons stood at Rs 10800. On examining the bank Current Account No. 1 , transactions with the corresponding pass book , the following facts are noticed:
(a) That a cheque for Rs 400 drawn on No. 2 Account has been wrongly debited to No. 1 Account by the bank.
(b) That a cheque for Rs 500 paid in No. 2 Account has been wrongly credited to No. 1 Account.
(c) That a cheque for Rs 300 paid in No. 1 Account stands wrongly credited to No. 2 Account.
(d) That a dishonoured cheque for Rs 200 relating to Account No. 1, the entry in respect of which has been passed through the cash book stands wrongly charged to No. 2 Account.
(e) That a cheque for Rs 1200 paid on 29.12.2012 stands credited in the pass book on 3rd January, 2012.
Prepare a bank reconciliation statement as at 31.12.2012 from the above information.
The answer given in the book is : Balance as per pass book = Rs 9600Bank Reconciliation Statement as on December 31, 2012 | ||
Particulars | Amount (Rs) | Amount (Rs) |
Bank Account No 1 Balance as per Cash Book |
| 10,800 |
Add: Transaction increasing balances of Given Book (i.e. Cash Book) |
|
|
(b) Cheque of Rs 500, paid in Account no 2 but wrongly credited in the Account no 1 | 500 |
|
(d) Cheque of Rs 200 related to Account no 1 got dishonoured and was duly recorded in the Cash Book but wrongly charged to Account no 2. | 200 | 700 |
|
|
|
Less: Transactions reducing Balances of Given Book (i.e. Cash Book) |
|
|
(a) Cheque of Rs 400, drawn on Account no 2 but wrongly debited in the Account no 1 by the bank | 400 |
|
(c) Cheque paid in Account no 1, but wrongly credited in Account no 2 | 300 |
|
(e) Cheque deposited but not credited by the bank till Dec.31, 2012 | 1,200 | 1,900 |
Closing Balance of Pass Book |
| 9,600 |
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