From the following details prepare Bank Reconciliation Statement as on 31st Dec 2018.

From the following details prepare Bank Reconciliation Statement as on 31st Dec 2018

1. Bank overdraft as per Cash Book on 31st dec 2018 was ₹48,450.

2. Bank charges for SMS alerts ₹370 were debited in Pass Book but not recorded in Cash Book. 

3. Interest on overdraft ₹2,870 did not appear in Cash Book.

4. A bill for ₹12,000 discounted with bank appears in Cash Book at full amount but bank has deducted ₹200 discounting charges.

5. Cheques issued but not presented before 31st Dec 2018 amounted ₹32,300. 

6. Cheques amounting to ₹24,000 deposited into bank but only a cheque of ₹8,000 was collected by bank before 31st Dec. 2018.  

7. Paid stationery bill ₹11,300 by debit card. It was not recorded in cash Book. 

Solution:

Bank overdraft as Per Cash Book.

Bank Reconciliation Statement 

As on 31st December 2018

Particulars	Amount ₹	Amount ₹
Bank overdraft as per Cash Book		48,450
ADD 1. Bank charges for SMS alerts	370
2. Interest on overdraft not appear in Cash Book	2,870
3. Discounting charges has deducted from bank	200
4.  Cheque deposited not collected by bank (24,000-8,000)	16,000
5.  Paid stationery bill but not recorded in Cash Book	11,300	30,740
LESS  1. Cheque issued but not presented for payment		79,190    32,300
Bank Balance as per pass Book		46,890