Prepare bank reconciliation statement from details given below and ascertain the balance as per Mr. Gani’s cash book as on 31st Dec., 2012:
(a) Bank overdraft balance as per pass book Rs 12000
(b) Cheques issued to creditors amounting to Rs 20000 in the month of Dec., 2012 , of which cheques worth Rs 3000 presented to bank up to 31st. Dec., 2012
(c) A cheque of Rs 6000 received from Raj was deposited into the bank account on 25th Dec.,2012 but no entry was passed in cash book. The same is collected and credited to Mr Gani’s account on 27 Dec., 2012.
(d) A cheque of Rs 2000 received from Mr. Baria on 20th Dec., 2012 was recorded in the discount column of cash book but was not banked.
(e) The pass book showed that the bank had collected Rs 4000 as interest on Government Securities. The bank had charged interest Rs 500 and bank charges Rs 200. There was no entry in cash book for the same.
Bank Reconciliation Statement as on December 31, 2012 | ||
Particulars | Amount (Rs) | Amount (Rs) |
Debit(Overdraft) balance as per the Pass Book |
| 12,000 |
Add: Transaction increasing balances of Given Book (i.e. Pass Book) |
|
|
(b) Cheque of Rs 20,000 were issued to Creditors, out of which cheques of Rs 3,000 were presented till Dec.31, 2012 | 17,000 |
|
(c) Cheque of Rs 6,000, deposited and credited in the bank but not recorded in the Cash Book. | 6,000 |
|
(e) Interest on Govt. Securities is credited by the bank not recorded in the Cash Book | 4,000 | 27,000 |
|
|
|
Less: Transactions reducing Balances of Given Book (i.e. Pass Book) |
|
|
(e) Bank Interest and Bank Charges not recorded in the Cash Book (500+200) | 700 | 700 |
Closing Balance of Cash Book |
| 38,300 |
|
|
|
Note: In the point d, a cheque of Rs 2,000 was received from Mr.Baria but recorded wrongly in the discount column. On the other hand, this cheque is also not deposited into bank. Therefore, due to this error neither bank column of Cash Book nor Pass Book balance will be affected. Hence no treatment in the BRS is required.
Note: In the point d, a cheque of Rs 2,000 was received from Mr.Baria but recorded wrongly in the discount column. On the other hand, this cheque is also not deposited into bank. Therefore, due to this error neither bank column of Cash Book nor Pass Book balance will be affected. Hence no treatment in the BRS is required