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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