Page 99 - ISCDEBK-XI

Bank Reconciliation Statement 14.3

Solved Questions

Illustration 1.
Prepare Bank Reconciliation Statement of Krishan as on 31st March, 2022 from the following
information:
(i) Balance as per the Bank Pass Book is ` 10,000.
(ii) Bank collected a cheque of ` 500 on behalf of Shri Krishan but wrongly credited it to
Shri Kishan’s Account (another customer).
(iii) Bank recorded a cash deposit of ` 2,589 as ` 2,598.
(iv) Withdrawals column of the Pass Book undercast by ` 100.
(v) The credit balance of ` 1,500 as on Page 10 of the Bank Pass Book was recorded on
Page 11 as a debit balance.
(vi) The payment of a cheque of ` 350 was recorded twice in the Bank Pass Book.
(vii) The Bank Pass Book showed a credit for a cheque of ` 1,000 deposited by Shri Kishan
(another customer of the Bank).
(viii) Dividend directly collected by bank ` 125.
(ix) Bill discounted dishonoured not recorded in the Cash Book ` 2,500.

Solution: BANK RECONCILIATION STATEMENT as on 31st March, 2022
Particulars Plus Minus
Items Items
` `
Balance as per Bank Pass Book (Cr.) 10,000
Cheque wrongly credited to another customer’s account 500
Error in carrying forward 3,000
Cheque recorded twice in Bank Pass Book 350
Excess credit for Cash Deposit 9
Undercasting of withdrawals column of Bank Pass Book 100
Wrong credit given by bank 1,000
Dividend directly collected by bank 125
Bill discounted dishonoured not recorded in the Cash Book 2,500
Balance as per Cash Book (Dr.) (` 16,350 – ` 1,234) 15,116
16,350 16,350

Illustration 2.
Prepare Bank Reconciliation Statement from the following particulars:
(i) On 31st March, 2022, Cash Book showed a credit bank balance (i.e., bank overdraft) of ` 20,000.
(ii) Out of the total cheques amounting to ` 1,00,000 drawn, cheques aggregating ` 30,000
were encashed in March, cheques aggregating ` 40,000 were encashed in April and the
rest have not yet been presented.
(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.