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Bank Reconciliation Statement                                                  13.3

                          (iii)  Out of the total cheques amounting to ` 50,000 deposited, cheques aggregating
                              ` 15,000 were credited in March, cheques aggregating ` 20,000 were credited
                              in April, and the rest have not yet been collected.
                          (iv)  Bank has debited ` 5,000 on account of interest on overdraft and ` 1,000 as
                              bank charges.
                           (v)  Bank has credited ` 7,000 to the account being dividend on shares.
                          (vi)  Cheque of ` 10,000 (discounted with the bank in January) dishonoured on
                              31st March (but not yet recorded in the Cash Book).

                     Solution:          BANK RECONCILIATION STATEMENT as on 31st March, 2024
                     Particulars                                                        Amount   Amount
                                                                                        Details (`)   `
                     Overdraft Balance as per Cash Book (Cr.)                                     20,000
                     Less:  Cheques issued but not yet presented for payment              70,000
                          Dividend collected and credited by Bank                          7,000   77,000
                                                                                                  57,000
                     Add:  Cheques deposited but not yet collected                        35,000
                          Interest debited by Bank not recorded in Cash Book               5,000
                          Bank charges debited by Bank not recorded in Cash Book           1,000
                          Cheque discounted dishonoured by Bank not recorded in Cash Book   10,000   51,000
                     Balance as per Pass Book (Cr.)                                               6,000

                          The  above solution  can  also  be presented with  two  columns  using  ‘Plus’  and
                          ‘Minus’ method.
                                        BANK RECONCILIATION STATEMENT as on 31st March, 2024
                     Particulars                                                          Plus    Minus
                                                                                         Items    Items
                                                                                           `       `
                     Overdraft as per Cash Book (Cr.)                                             20,000
                     Cheques drawn but not presented for payment till 31st March         70,000
                       Dividend collected and credited by bank                            7,000
                     Cheques deposited but not collected till 31st March                          35,000
                       Interest on overdraft and bank charges                                      6,000
                       Discounted cheque dishonoured                                              10,000
                     Balance as per Pass Book (Cr.) (` 77,000 – ` 71,000)                         6,000
                                                                                         77,000   77,000
                      2.  From the following particulars, prepare Bank Reconciliation Statement and
                        ascertain the balance as per Cash Book on 31st March, 2024 in the books of D.K.:
                           (i)  Pass Book showed an overdraft of ` 15,000 on 31st March, 2024.
                          (ii)  A cheque of ` 200 was deposited in the bank but not recorded in the Cash Book.
                          (iii)  Cheques of ` 17,000 were issued but cheques amounting to ` 10,000 were
                              presented for payment up to 31st March, 2024.
                          (iv)  Cheques  of  `  10,000 were  sent  to  the  bank  for  collection.  Out  of  these,
                              cheques of ` 2,000 and of ` 1,000 were credited respectively on 7th April and
                              9th April, 2024 and remaining cheques were credited before 31st March, 2024.
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