Solved questions and answers of Bank Reconciliation Statement

1. From the following particulars prepare a Bank Reconciliation Statement as on 31^st Dec 2014

i) Bank balance as per cash book (Dr) Rs 25450

ii) A number of cheques were deposited in the bank, but on 31^st December 2014, a cheque for rs 500 were not credited in the pass book.

iii) several cheques aggregating rs 5000 were issued, but only cheques for rs 4500 were presented to bank for payment.

iv) The bank had directly collected dividend rs 400, interest rs 300 but these were not entered in the cash book.

v) in accordance with instructions, the bank had honored a bill for rs 2000, but debit note was sent to the trader on 2^nd January 2015.

vi) bank charges rs 20 were not entered in the cash book.

Vii) the debit balance for November 2014 was shown short in the cash book by rs 300.

viii) the bank pass book revealed that a cheque of rs 250 received from a person had been dishonored, but no entry passed int he cash book.

Solutions:

	Bank Reconciliation statement as on 31st December 2014
	Particular	Amount	Amount
	Bank balance as per cash book (dr)		25450
Add:	iii) cheques issued but not presented to the bank	500
	iv) dividend, interest collected directly by the bank	700
	vii) debit balance was short in cash book	300	1500
			26950
Less:	ii) cheques deposited but not credited in the pass book	500
	v) bank honored a bill but not recorded in cash book	2000
	vi)bank charges not entered in cash book	20
	viii) cheque dishonored but not recorded in cash book	250	-2770
	Bank balance as per pass book (cr)		24180

2. From the following particulars prepare Bank Reconciliation Statement as on 31^st march 2105

i) bank balance as per cash book (Dr) rs 1420

ii) A cheque of rs 400 was deposited on 24^th march, but the same was returned by the bank on 29^th for which no entry was made in the cash book.

iii) A bill for rs 5020 received from a debtor previously discounted for rs 5000 was dishonored and the bank debited the account of the merchant, but the same was not recorded in the cash book.

iv) Two cheques issued on 27^th march, but not encashed before 5^th April rs 650 and rs 500

v) cheques for rs 400 debited twice in the cash book.

vi) bank charges rs 75 were not passed through cash book.

Vii) dividend of rs 250 collected by the bank on behalf of the merchant but the matter was not recorded in cash book.

Solutions:

	Bank Reconciliation statement as on 31st March 2015
	Particular	Amount	Amount
	Bank balance as per cash book (dr)		1420
Add:	iv) cheques issued but not encashed within date	1150
	vii) dividend collected by bank but not recorded in cash book	250
			1400
			2820
Less:	ii) deposited cheque returned but not recorded in cash book	400
	iii) bill dishonored but not recorded in cash book	5020
	vi)bank charges not entered in cash book	75
	v) cheque debited twice in cash book	400	5895
	Bank balance as per pass book (dr)		-3075