Kumar found that the bank balance shown by his cash book on December 31, 2017 is ₹ 90,600 (Credit) but the passbook shows a difference due to the following reason: A cheque (post-dated) for ₹ 1,000 has been debited in the bank column of the cash book but not presented for payment. Also, a cheque for ₹ 8,000 drawn in favour of Manohar has not yet been presented for payment. Cheques totaling ₹ 1,500 deposited in the bank have not yet been collected and a cheque for ₹ 5,000 has been dishonoured.
12. Kumar found that the bank balance shown by his cash book on December 31, 2017 is ₹ 90,600 (Credit) but the passbook shows a difference due to the following reason:
A cheque (post-dated) for ₹ 1,000 has been debited in the bank column of the cash book but not presented for payment. Also, a cheque for ₹ 8,000 drawn in favour of Manohar has not yet been presented for payment. Cheques totaling ₹ 1,500 deposited in the bank have not yet been collected and a cheque for ₹ 5,000 has been dishonoured.
Solution: Bank Reconciliation Statement
In the Books of Kumar as on December 31, 2017
No. | Particulars | (+) Amount (₹) | (-) Amount (₹) |
| Overdraft as per Cash Book |
| 90,600 |
1. | A cheque (post-dated) for ₹ 1,000 has been debited in the bank column of the cash book but not presented for payment |
| 1,000 |
2. | a cheque for ₹ 8,000 drawn in favour of Manohar has not yet been presented for payment | 8,000 |
|
3. | Cheques totaling ₹ 1,500 deposited in the bank have not yet been collected |
| 1,500 |
4. | cheque for ₹ 5,000 has been dishonored |
| 5,000 |
|
|
|
|
| Overdraft as per Passbook | 90,100 |
|
|
| 98,100 | 98,100 |
|
|
|
|
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