Page 104 - ISCDEBK-XI

14.8 Double Entry Book Keeping—ISC XI

Solution: BANK RECONCILIATION STATEMENT
as on 31st March, 2022
Particulars Amount Amount
Details (`) `
Balance as per Cash Book (Dr.) 8,500
Add: (a) Cheques issued but not yet presented for payment 6,000
(c) Bill Receivable collected by Bank but not recorded in Cash Book 20,000
(i) Amount directly deposited by a Customer 2,000
(j) Interest on debentures directly received by bank 2,500
(k) Cheque deposited into bank not recorded in Cash Book 1,500
(m) Interest on bank balance 100 32,100
40,600
Less: (b) Cheques deposited in bank but not collected 8,000
(d) Cheque deposited in bank dishonoured but not recorded in Cash Book 1,000
(e) Payment of bill payable by bank but not recorded in Cash Book 4,500
(f) Bill Receivable dishonoured and not entered in Cash Book 8,000
(g) Cheque deposited credited with lower amount (` 5,100 – ` 5,010) 90
(h) Cheque deposited but credited to wrong account 500
(l) Insurance premium paid by bank 1,250
(m) Bank charges 90
(n) Cheque recorded in Cash Book but not deposited in Bank 250 23,680
Balance as per Bank Pass Book (Cr.) 16,920

Illustration 7.
An extract from the Cash Book (Bank Column only) and Bank Pass Book of Mohan Das are
given below. Prepare Reconciliation Statement as on 31st March, 2022:
Dr. CASH BOOK (BANK COLUMN ONLY) Cr.
Date Particulars ` Date Particulars `
2022 2022
March 1 To Balance b/d 6,000 March 5 By Drawings A/c 1,500
March 4 To A. Roy 1,400 March 8 By Salary A/c 3,200
March 7 To Alam Ali 300 March 14 By Interest on Loan A/c 600
March 15 To Deshbandhu 900 March 18 By Ajit Brothers 1,500
March 22 To Interest on Investments A/c 1,230 March 22 By R. Panja & Sons 2,200
March 24 To Devi Das 700 March 27 By Bhulabhai & Co. 350
March 26 To Bal Ram & Co. 1,450 March 29 By Shiv Nath 1,800
March 29 To M. Jyoti 2,050 March 31 By Commission A/c 800
March 31 To Bal Ram & Co. 2,800 March 31 By Das Motors 850
March 31 By Balance c/d 4,030
16,830 16,830