On 1st January 2017, Rakesh had an overdraft of ₹ 8,000 as showed by his cash book. Cheques amounting to ₹ 2,000 had been paid in by him but were not collected by the bank by January 01, 2017. He issued cheques of ₹ 800 which were not presented to the bank for payment up to that day. There was a debit in his passbook of ₹ 60 for interest and ₹ 100 for bank charges. Prepare bank reconciliation statement for comparing both the balance.

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10. On 1st January 2017, Rakesh had an overdraft of ₹ 8,000 as showed by his cash book. Cheques amounting to ₹ 2,000 had been paid in by him but were not collected by the bank by January 01, 2017. He issued cheques of ₹ 800 which were not presented to the bank for payment up to that day. There was a debit in his passbook of ₹ 60 for interest and ₹ 100 for bank charges. Prepare bank reconciliation statement for comparing both the balance. 

 
Solution: Bank reconciliation Statement 
In the Books of Rakesh as on January 1, 2017. 

 

No.	Particulars	(+) Amount (₹)	(-) Amount (₹)
	Overdraft as per Cash Book		8,000
1.	Cheques amounting to ₹ 2,000 had been paid but were not collected by the bank		2,000
2.	issued cheques of ₹ 800 which were not presented to the bank	800
3.	debit in his passbook of ₹ 60 for interest		60
4.	Bank Charges		100
	Overdraft as per Pass Book	9,360
		10,160	10,160