11th | Bank Reconciliation Statement | Question No. 21 To 25 | Ts Grewal Solution 2022-2023

From the following particulars of a trader, prepare a Bank Reconciliation Statement as on 31st March, 2022.
(i) Bank overdraft as per Cash Book `52,100.
(ii) During the month, the total amount of cheques for `94,400 were deposited into the bank but of these, one cheque for `11,160 has been entered into the Pass Book on 5th April.
(iii) During the month, cheques for `89,580 were drawn in favour of creditors. Of them, one creditor for `38,580 encashed his cheque on 7th April whereas another for `4,320 have not yet been encashed.
(iv) As per instructions the bank on 28th March paid out `10,500 to a creditor but by mistake, the same has not been entered in the Cash Book.
(v) According to agreement, on 25th March, a debtor deposited directly into the bank `9,000 but the same has not been recorded in the Cash Book.
(vi) In the month of March, the bank without any intimation, debited his account for `120 as bank charges and credited the same for `180 as interest.
(vii) Cash deposit of `5,780 in bank was recorded as `7,580. The error was rectified by the Bank before 31st March, 2022.

Note: Point (vii) will have no affect on the statement as error in recording cash deposit entry is already rectified.

From the following information, prepare Bank Reconciliation Statement as on 31st March, 2022:

Prepare Bank Reconciliation Statement from the following particulars as on 31st March, 2022, when Pass Book shows a debit balance of `2,500:
(i) Cheque issued for `5,000 but up to 31st March, 2022 only `3,000 could be cleared.
(ii) Cheques issued for `1,000 but omitted to be recorded in the Cash Book.
(iii) Cheques deposited for `5,500 but cheques for `500 were collected on 4th April 2022.
(iv) A discounted Bill of Exchange dishonoured `1,000.
(v) A cheque of `500 debited in Cash Book but omitted to be banked.
(vi) Interest allowed by bank `200 but no entry was passed in the Cash Book.

On 31st March, 2022, Pass Book of Shri Bhama Shah shows debit balance of `10,000. From the following particulars, prepare Bank Reconciliation Statement.
(i) Cheques amounting to `8,000 drawn on 25th March of which cheques of `5,000 cashed in April, 2022.
(ii) Cheques paid into bank for collection of `5,000 but cheques of `2,200 could only be collected in March 2022.
(iii) Bank charges `25 and dividend of `350 on investment collected by bank could not be shown in the Cash Book.
(iv) A cheque of `600 debited in the Cash Book omitted to be banked.
(v) Bill of `5,000 discounted with Bank but was not recorded in the Cash Book.

On checking the Bank Pass Book it was found that it showed an overdraft of `5,220 as on 31st March, 2022, while as per Ledger it was different. The following differences were noted:
(i) Cheques deposited but not yet credited by the bank `6,000.
(ii) Cheques dishonoured and debited by the bank but not given effect to it in the Ledger `800.
(iii) Bank charges debited by the bank but Debit Memo not received from the bank `50.
(iv) Interest on overdraft excess credited in the Ledger `200.
(v) Wrongly credited by the bank to account, deposit of some other party `900.
(vi) Cheques issued but not presented for payment `400.