On December 31, 2017, the cash book of Mittal Bros. Showed an overdraft of ₹ 6,920. From the following particulars prepare a Bank Reconciliation Statement and ascertain the balance as per the passbook. 1) Debited by bank for ₹ 200 on account of Interest on overdraft and ₹ 50 on account of charges for collecting bills. 2) Cheques drawn but not encashed before December, 31 2017 for ₹ 4,000. 3) The bank has collected interest and has credited ₹ 600 in passbook. 4) A bill receivable for ₹ 700 previously discounted with the bank had been dishonoured and debited in the passbook. 5) Cheques paid into bank but not collected and credited before December 31, 2017 amounted ₹ 6,000.
13. On December 31, 2017, the cash book of Mittal Bros. Showed an overdraft of ₹ 6,920. From the following particulars prepare a Bank Reconciliation Statement and ascertain the balance as per the passbook.
1) Debited by bank for ₹ 200 on account of Interest on overdraft and ₹ 50 on account of charges for collecting bills.
2) Cheques drawn but not encashed before December, 31 2017 for ₹ 4,000.
3) The bank has collected interest and has credited ₹ 600 in passbook.
4) A bill receivable for ₹ 700 previously discounted with the bank had been dishonoured and debited in the passbook.
5) Cheques paid into bank but not collected and credited before December 31, 2017 amounted ₹ 6,000.
Solution: Bank Reconciliation Statement
In the Books of Mittal Bros. As on December 31, 2017.
No. | Particulars | (+) Amount (₹) | (-) Amount (₹) |
| Overdraft as per Cash Book |
| 6,920 |
1. | Debited by bank for ₹ 200 on account of Interest on overdraft |
| 200 |
2. | ₹ 50 on account of charges for collecting bills. |
| 50 |
3. | Cheques drawn but not encashed | 4,000 |
|
4. | bank has collected interest and has credited ₹ 600 in passbook | 600 |
|
5. | bill receivable for ₹ 700 previously discounted with the bank had been dishonoured and debited in the passbook.
|
| 700 |
6. | Cheques paid into bank but not collected and credited before December 31, 2017 amounted ₹ 6,000. |
| 6,000 |
|
|
|
|
| Overdraft as per Passbook | 9,270 |
|
|
| 13,870 | 13,870 |
|
|
|
|
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