Bank Reconciliation Statement

Pass the necessary Journal entries to rectify the following errors, using a Suspense Account: (i) Goods of the value of 500 returned by Mr. A were entered in the Sales Day Book and posted there from to the credit of his account; (ii) 250 entered in the Sales Returns Book, has been posted to the debit of Mr. R, who returned the goods; (iii) A sale of 700 made to Mr. Q was correctly entered in the Sales Day Book but wrongly posted to the debit of Mr. S as 70; (iv) The total of "Discount allowed" Column in the Cash Book for September amounting to 350 was not posted. [Sept. 2024, 4 Marks]

Meaning of Bank Reconciliation Statement.

Importance of bank reconciliation to an industrial unit. [RTP Jan 2025]

The interest charged by Banker to customer on overdrawn account is called Red ink interest.

Bank reconciliation statement is prepared to arrive at the bank balance.

Interest charged by the bank will be deducted, when the overdraft as per the cash book is the starting point for making the bank reconciliation statement.

If the balance as per cash book and pass book are the same, there is no need to prepare a reconciliation statement.

From the following particulars prepare a Bank Reconciliation Statement as on 31st December, 2015: 1. On 31st December, 2015 the Cash-book of a firm showed deposit with bank Dr. balance of Rs. 6,000. 2. Cheques had been issued for Z 5,000, out of which cheques worth Rs. 4,000 only were presented for payment. • 3. Cheques worth Rs. 1,400 were deposited in the bank on 28th December, 2015 but had not been credited by the bank. In addition to this, one cheque for Rs. 500 was entered in the Cash book on 30th December, 2015 but was banked on 3-1-2016. 4. A cheque from Susan for Rs. 400 was deposited in the bank on 26th December, 2015 but was dishonoured and the advice was received on 2-1-2016. 5. Passbook showed bank charges of Rs. 20 debited by the bank 6. One of the debtors deposited a sum of Rs. 500 in the bank account of the firm on 20th December, 2015 but the intimation in this respect was received from the bank on 2-1- 2016. 7. Bank Pass-hook showed a credit balance of Rs. 5,180 on 31st December, 2015.

The cash book of a firm showed an overdraft (Cr.) of Rs. 30,000 on 31st March, 2016. A comparison of the entries in the cash book and pass book revealed that - i. On 22nd March, 2016, cheques totalling Rs. 6,000 were sent to bankers for collection. Out of these, a cheque for Rs. 1,000 was wrongly recorded on the credit side of the cash book and cheques amounting to Rs. 300 could not be collected by bank before 1st April, 2016. ii. A cheque for Rs. 4,000 was issued to a supplier on 28th March, 2016. The cheque was presented to bank on 4th April, 2016. iii. There were debits of Rs. 2,600 in the passbook for interest on overdraft and bank charges, but the same had not been recorded. in the cash book. iv. A cheque for Rs. 1,000 was Issued to a creditor on 27th March, 2016 but by mistake the same was not recorded in the cash book. The cheque was, however, duly encashed by 31st March, 2016. v. As per standing instructions, the banker collected dividend of Rs. 500 on behalf of the firm and credited the same to its account by 31st March, 2016. The fact was, however, intimated to the firm on 3rd April, 2016. You are required to prepare a bank reconciliation statement as on 31st March, 2016.

From the following information (as on 31.3.2016), prepare a Bank Rec: onciliation Statement after making necessary amendments in the Cash-book: Bank balance as per Cash Book (Dr.) Cheques deposited, but not yet credited Cheques issued but, not yet presented for payment Bank_ charges debited by Bank but not recorded in Cash-book Dividend directly collected by bank Insurance premium paid by bank as per standing instruction not intimated Cash sales wrongly recorded in the bank column of the Cash-book Customer's cheque dishonoured by bank not recorded in Cash-book Wrong Credit given by bank 3,25,000 4,47,500 3,56,200 1,250 12,500 15,900 25,500 13,000 15,000 Also show the bank balance that will appear in the Trial Balance as on 31.3.2016.

Perfect Pvt. Ltd., has two accounts with Ever Bank Ltd. The account were known as 'Account-I' and 'Account- II '., As at December 31, 2015 the balance as per A/c books reflected the following: Account-I ₹1,25,000 Regular balance. Account- II ₹1,11,250 Overdraft balance. The accountant failed to tally the balance with the Pass book and the following information was available: 1. The Bank has charged Interest 0n Account-II ₹11,375 and Credited Interest on Account- I,₹ 1,250. These were not recorded by the accountant. 2. ₹ 12,500 drawn on Dec.10, 2015, from Account- I was recorded in the books of Account- II. • 3. Bank charges of ₹150 and ₹1,125 for Account- I and Account- II were not recorded in the books. 4. A deposit of ₹ 17,500 in Account-I was Wrongly entered in Account-II in the books. 5. Two cheques of ₹12,500 and₹ 13,750 deposited in Account-I, but entered In Account in books, were dishonoured. The entries for dishonoured cheques were entered correctly in Account- II 6. Cheques issued for ₹1,50,000 and ₹ 15,000 from Accounts-I and II respectively, were not presented till 5th January, 2016 . 7. Cheques deposited ₹1,25,000 and ₹1,17,500 in Accounts-I and II respectively, were credited by bank only on February, 2, 2016. You are required to prepare the Bank Reconciliation Statement for Accounts-I And II

Based 0n the following extracts from the Cash Book and the Pass Book for the month of January, 2016, prepare the Bank Reconciliation Statements as on 31st Jan, 2016.Cash Book(Bank Columns Only) Date Particulars ₹ Date Particulars ₹ 2016 Jan3 Jan4 Jan5 Jan6 Jan10 Jan31 To Cash To Ram To Shyam To Krishna To bill of Exchange (discount of ₹100) To Balance c/d 300 1,300 250 500 1,900 2,900 2016 Jan1 Jan16 Jan17 Jan18 By Balance b / d By cash By bharat By charat 5,000 300 1,350 500 7,150 7,150 Pass Book Date Particulars Withdrawal Deposits Dr./Cr. Balance 2016 Jan1 Jan3 Jan8 Jan9 Jan10 Jan16 Jan18 Jan31 Jan31 To Balance b / d By Cash By Shyam By Krishna To Krishna’s Cheque Dishonoured By Bills of Exchange (Discounted) To Bilis of Exchange (Dishonoured) To Cash To Bharat To Bank Charges To Life Insurance premium as per instruction ₹ - - - - 500 100 2,000 300 500 20 250 ₹ - 300 250 500 - 2,000 - - - - - ₹ Dr. Dr. Dr. Dr. Dr. Dr. Dr. Dr. Dr. Dr. Dr. ₹ 5,000 4,700 4,450 3,950 4,450 2,250 4,550 4,850 5,350 5,370 5,620 Jan31 By Dividend and interest collected as per instruction - - Dr. 4,570

The Bank Pass Book of Account No. 5678 of Mrs. Rani showed an over- draft of ₹33,575 on 31st March 2018. Ongoing through the Pass book, the accountant found the following: i. A Cheque of ₹ l,080 credited in the pass book on 28th March 2018 being dishonoured is debited again in the pass book on 1st April 2018 . There was no entry in the cash book about the dishonour of the cheque until 15th April 2018. ii. Bankers had credited her account with ₹2,800 for interest collected by them On her behalf, but the same has not been entered in her cash book. iii. Out of ₹20,500 paid in by Mrs. Rani in cash and by cheques on 31st March 2018 cheques amounting to ₹7,500 were collected on 7th April, 2018. iv. Out of Cheques amounting to ₹7,800 drawn by her on 27th March, 2018 a cheque for ₹2,500 was encashed on 3rd April, 2018. v. Bankers seems to have given here wrong credit for ₹ 500 paid in by her in Account No. 8765 and a wrong debit in respect of a cheque for ₹300 against her account No. 8765. vi. A cheque for ₹1,000 entered in Cash Book but omitted to be banked on 31st March, 2018. vii. A Bill Receivable for ₹ 5,200 previously discounted (Discount₹200) with the Bank had been dishonoured but advice was received on 1st April, 2018. viii. A Bill for ₹ 10,000 was retired/paid by the bank under a rebate of ₹ 175 but the full amount of the bill was credited in the bank column of the Cash Book (ix) A Cheque for ₹ 2,400 deposited into bank but omitted to be recorded in Cash Book and was collected by the bank on 31st March, 2018. Prepare Bank Reconciliation Statement as on 31st March, 2018 [May 2018, 10 Marks]

Prepare a bank reconciliation statement from the following particulars as on 31st March 2018: [Nov. 2018, 10 Marks] Particulars ₹ Debit balance as per bank column of the cash book Cheque issued to creditors but not yet presented to the Bank for payment Dividend received by the bank but not entered in the Cash book Interest allowed by the Bank Cheques deposited into bank for collection but not collected by bank up to this date Bank charges not entered in Cash Book A cheque deposited into hank was dishonoured, but no intimation Received Bank paid house tax on our behalf, but no intimation received from bank in this connection 18,60,000 3,60,000 2,50,000 6,250 7,70,000 1,000 1,60,000 1,75,000

Prepare the Bank Reconciliation Statement of M/s. R.K. Brothers on 30th June, 2018 from the particulars given below: i. The Bank Pass Book had a debit balance of ₹ 25,000 on 30th June, 2018. ii. A cheque worth ₹400 Directly deposited into Bank by a customer but No entry was made in the Cash Book. iii. Oµt of cheques issued Worth ₹ 34000, cheques amounting to ₹ 20,000 only were presented for payment till 30th June, 2018 . iv. A cheque for ₹ 4,000 received and entered in the Cash Book but it was not sent to the Bank v. Cheques worth ₹ 20,000 had been sent to Bank for collection but the collection was reported by the Bank as under : 1. Cheques collected before 30th June, 2018, ₹14,000 2. Cheques collected on 1oth July, 2018, ₹4,000 3. Cheques collected on 12th July, 2018, ₹2,000. vi. The Bank made a direct payment of₹ 600 which was not recorded in the Cash Book. vii. interest on overdraft charged by the bank ₹1,600 was not ,recorded in the Cash Book. viii. Bank charges worth ₹80 have been entered twice in the cash book whereas Insurance charge for ₹ 70 directly paid by Bank was not at all entered in the Cash Book. ix. The credit side of bank column of Cash book was undercast by ₹2,000. [May 2019, 10 Marks]

On 30th September, 2018, the bank account of XYZ, according to the bank column of the cash book, was overdrawn to the extent of ₹ 8,062. An examination of the Cash book and Bank Statement reveals the following: i. A cheque for ₹11, 14,000 deposited on 29th September, 2018 was credited by the bank only on 3rd October, 2018. ii. A Payment by cheque for ₹ 18,000 has been entered twice in the Cash Book. iii. On 29th September, 2018, the bank credited an amount of ₹ 1,15,400 received from a customer of XYZ, but the advice was not received by XYZ until 1st October, 2018. iv. Bank charges amounting to ₹ 280 had not been entered in the cash book • v. On 6th September, 2018, the bank credited ₹ 30,000 to XYZ in error. vi. A bill of exchange for ₹ 1,60,000 was discounted by XYZ with his bank. The bill was dishonoured on 28th September, 2018 but no entry had been made in the books of XYZ. vii. Cheques issued upto 30th September, 2018 but not presented for payment upto that date totalled ₹13,46,000. viii. A bill payable of ₹ 2,00,000 had been paid by the bank but was not entered in the cash book and bill receivable for ₹ 60,000 had been discounted with the bank at a cost of ₹1,000 which had also not been recorded in cash book. You are required: To show the appropriate rectifications required in the cash book of XYZ, to arrive. at the correct balance on 30th September, 2018 and to prepare a Bank Reconciliation Statement as on that date. [Nov. 2019, 10 Marks]

On 31-3-2020, Mahesh's Cash Book Showed a Bank overdraft of ₹98,700. On comparison he finds the following: (1) Out of the total cheques of ₹ 8,900 issued on 27th March, one cheque Of ₹ 7,400 was presented for payment on 4th April and the. other cheque Of ₹1,500 handed over to the customer, was returned by him and in lieu of that a new cheque of the same amount was issued to him on 1stApril. No entry for the return was made. (2) Out of total cash and cheques of₹ 6,800 deposited in the Bank on 24th March, one cheque of ₹2,600 was cleared on 3rd April and the other cheque of ₹500 was returned dishonoured by the bank on 4th April. (3) Bank charges ₹35 and Bank interest ₹2,860 charged by the bank appearing in the passbook are not yet recorded in the cash book (4) A cheque deposited in his another account of ₹1,550 wrongly credited to this account by the bank. (5) A cheque of ₹ 800, drawn on this account,was wrongly debited in an other account by the bank (6) A debit of ₹3,500 appearing in the bank statement for an unpaid cheque returned for being 'out of date' had been re-dated and deposited in the bank account again on 5th April 2020 (7) The bank allowed interest on deposit ₹ 1,000. (8) A customer who received a cash discount of 4% on his account of ₹ 1,00,000 paid a cheque on 20th March, 2020.The cashier erroneously entered the gross amount in the bank column of the Cash Book. Prepare Bank Reconciliation Statement as on 31-3-2020. [Nov. 2020, 10 Marks]

Prepare a Bank Reconciliation Statement from the following particulars as on 31st December, 2020: Particulars ₹ Bank Balance as per Cash Book (Debit) Bank Charges debited by the bank not recorded in Cash Book Received from debtors vide RTGS on 31st December, 2020 not recorded in Cash Book Cheque issued but not presented for payment Cheque deposited but not cleared Cheque received and deposited hut dishonoured. Entry for dishonour not made in the Cash Book Instruction for payment given to the bank on 31st December, 2020 hut the same effected by the Bank on 1st January, 2021 1,98,000 34,000 1,00,000 45,000 25,000 5,000 4,000 [Jan. 2021, 4 Marks]

From the following information, ascertain the Cash Book balance .of Mr. Bajaj as on 31st March, 2021: (i) Debit balance as per Bank Pass Book ₹3,500. (ii) A cheque amounting to ₹2,500 deposited on 15th March, but the same was returned by the Bank on 24th March for which no entry was passed in the Cash Book. (iii) During March, two bills amounting to ₹2,500 and ₹ 500 were collected by the Bank but no entry was made in the Cash Book. (iv) A bill for ₹5,000 due from Mr Balaji previously discounted for ₹ 4,800 was dishonoured. The Bank debited the account, but no entry was passed in the Cash Book. (v) A Cheque for ₹ 1,500 was debited twice in the cash book. [July 2021, 5 Marks]

According to the cash book of G, there was a balance of ₹ 4,45,000 in his bank on 30th June, 2021. On investigation you find that: (i) Cheques amounting to ₹ 60,000 issued to creditors have not been presented for payment till the date. (ii) Cheques paid into bank amounting to ₹1,10,500, out of which cheques amounting to ₹ 55,000 only collected by the bank up to 30th June, 2021. (iii) A dividend of ₹ 4,000 and rent amounting to ₹ 60,000 received by the bank and entered in the passbook but not recorded in the cash book. (iv) Insurance premium (upto 31st December, 2021) paid by the bank ₹ 2,700 not entered in the cash book. (v) The payment side of the cash book had been under cast by ₹ 500. (vi) Bank charges ₹ 150 shown in the pass book had not been entered in the cash book. • (vii) A bill payable of ₹ 20,000 had been paid by the bank but was not entered in the cash book and bill receivable for ₹ 6,000 had been discounted with the bank at a cost of ₹ 100 which also not been recorded in cash book You are required: (1) To make the appropriate adjustments in the cash book, and (2) To prepare a statement reconciling it with bank passbook [Dec.2021,10 Marks]

From the following particulars, prepare a Bank Reconciliation Statement on 31st March, 2021: Particulars Amount(₹) Bank balance as per Passbook Bills discounted dishonoured not recorded in Cash Book Cheque received entered twice in Cash Book Bank charges entered twice in Cash Book Insurance premium paid directly by Bank under standing instruction Cheque issued but not presented to Bank for payment Cheque received, but not sent to Bank Cheque deposited in Bank, but no entry passed in the Cash Book Credit side of the Bank column cast short 25,00,000 12,50,000 25,000 5,000 1,50,000 12,50,000 28,00,000 12,50,000 5,000 [June 2022, 5 Marks]; [MTP Jan. 2025; Modified Figures-3X]

The cash book of Mr. Karan shows₹ 2,60,400 as the balance of bank as on 31st December, 2021 but you find that it does not agree with the balance as per the bank passbook On analysis, you found the following discrepancies : (i) On 15th December, 2021 the payment, side of the cash book was overcast by ₹ 10,000. (ii) A Cheque for ₹ 1,18,000 issued on 6th December, 2021 was not taken in the bank Column. (iii) On 20th December, 2021 the debit balance of ₹8,460 as on the previous day, was brought forward as credit balance in the cash book. (iv) Of the total cheques amounting to ₹12,370 drawn in the last week of December, 2021, cheques aggregating ₹ 9,360 were encashed in December, 2021. (v) Dividends of ₹ 35,000 collected by the bank and fire insurance premium of ₹ 1,900 paid by the bank were not recorded in the cash book. (vi) A Cheque issued to a creditor of ₹ l,75,000 was recorded twice in the cash book; (vii) Bill for collection amounting total ₹53,000 credited by the bank on 21st December, 2021 but no advice was received by Mr. Karan till 31st December, 2021. (viii) A Customer, who received a cash discount of 3% on his account of ₹ 60,000 paid a cheque on 10th December, 2021. The cashier erroneously entered the gross amount in the bank column of the cash book. You are required to prepare the bank reconciliation statement as on 31st December, 2021. [Dec. 2022, 10 Marks]; [MTP .Jan. 2025; Modified]

From the following information prepare a Bank Reconciliation statement as on 31st March, 2022 for A Ltd. ₹ Bank overdraft as per cash book as 31st March, 2022. 15,50,750 1 Cheques deposited on 15th February, 2022 credited on 5th April,2022 12,50,000 2 Interest debited by bank on 31st March, 2022 1,75,500 3 Cheques issued before 31st March, 2022 but not yet presented 7,75,000 4 On 10th March, 2022 bank credited to A Ltd, in error 1,5o,ooo 5 Draft deposited in bank but not credited till 31st March, 2022 12,75,000 6 Bills for collection credited by bank but no advice received by the company 9,45,000 7 Bank charges charged by bank not entered in Cash Book 2,85,000 8 Transport subsidy received from the State Government directly by the bank not advised to the company 17,50,000 [June. 2023, 5 Marks]

From the following particulars, prepare a Bank Reconciliation Statement as on 31st December, 2022. (i) Debit balance (overdraft). shown by the pass book ₹ 2,48,000. (ii) Cheques of ₹ 2,10,000 were issued in the fast week of December, but of these ₹1,40,000 only were presented for payment. (iii) A Cheque for ₹ 19,200 drawn for the payment of telephone bill had been entered in the cash hook as ₹ 29,200 hut was shown correctly in the bank statement. (iv) A Cheque received of' ₹ 37,520 entered twice in the Cash Book. (v) A Cheque ₹ 1,17,000 was issued for purchase of merchandise and was paid by the bank but not recorded in cash hook. (vi) Interest on and hank charges amounting to ₹ 3,500 were not entered in the Cash Book (vii) A Cheque for ₹ 45,000 was credited the Pass but was not received in the Cash Book (viii) A hill of exchange for ₹ 26,200 which was discounted with bank, returned dishonoured hut no entry was made in the cash hook. (ix) Payment side of the Cash Book has been udercast by ₹ 12,000. [Dec. 2023, 8 Marks]

From the following particulars, prepare the bank Reconciliation Statement of businessman as on 31st March,2024 Sl. No. Particulars ₹ 1. Bank Overdraft as per cash book 24,000 2. Cheque deposited as per bank statement but non recorded in cash book 4,000 3. Cash received from Exe was entered in bank column of cash book 3,150 4. Debit side of the bank column casted short 1,000 5. A cheque for ₹9,000 deposited but collection as per bank statement 8,950 6. Bills sent to the bank for collection, collected by the bank but not recorded in cash book 4,200 7. Bank charges recorded twice in cash book 40 8. Noting charges debited in Pass for Discounted bill dishonored 60 9. Cheques deposited on 25th March,2024 but collected by Bank on 5th April, 2024 4800 10. Cheques issued on 26th March, 2024 'but presented for encashment on 6th April, 2024 3000 [June 2024, 5 Marks]

The book of Hari showed a balance ₹1,36,800 as on 31.12.2023 which was in disagreement with balance as per pass book lowing discrepancies were noticed: (i) Dividend of ₹18,000 was deposited in the bank of which Hari had no information. (ii) Cheque was issued to Suresh of ₹ 14,780 on 18.12.2023 which was recorded in cash book as ₹14,870. (iii) Cheques totalling of ₹ 55,000 were deposited into bank on 30.12.2023 which were not cleared until 31.12.2023. (iv) Mediclaim premium on ₹ 14,160 was paid as per the standing instruction of Hari which was not recorded in cash book: (v) Goods amounting ₹1,60,000 were sold to Ajay in November 2023. He deposited cheque on 15.12.2023 after deducted 4% cash discount. This entry was missed while preparing cash book. (vi) Bank charges for issue of cheque book ₹ 150 was skipped while preparing cash book. (vii) Hari received a UPI of ₹1,000 on 29.12.2023 for sale of scrap which was not entered in cash book. (viii) Cheques amounting to ₹ 1,80,000 were issued during the month but cheques of ₹ 1,44,000 were only presented during the month for payment Prepare Bank Reconciliation Statement on 31.12.2023 and ascertain balance as per pass book [Sept.2024, 10 Marks]

From the following particulars of M/s Iqbal enterprises, prepare a Banker reconcillation statement. (l) Bank overdraft as per Pass Book as on 31st March; 2024 was ₹8,800 (2) Cheques deposited in Bank for ₹5,800 but only ₹2,000 were cleared till 31st March. (3) Cheques issued were ₹2,500, ₹3,800 and ₹2,000 during the month. The cheque off 5,800 is still with supplier. (4) Dividend collected by Bank ₹1,250 was wrongly entered as ₹1,520 in Cash Book. (5) Corporation tax ₹1,200 paid by Bank as per standing instruction appears in Pass Book only. (6) Interest on overdraft ₹930 was debited by Bank in Pass Book and the information was received only on 3rd April 2024. (7) Direct deposit by M/ s Rajesh Trader ₹400 not entered in Cash Book. (8) Amount transferred from fixed deposit A/ c into the current A/ c ₹2,000 appeared only.in Pass Book. [RTP Jan. 2025]

Pass the necessary Journal entries to rectify the following errors, using a Suspense Account:
(i) Goods of the value of 500 returned by Mr. A were entered in the Sales Day Book and posted there from to the credit of his account; (ii) 250 entered in the Sales Returns Book, has been posted to the debit of Mr. R, who returned the goods; (iii) A sale of 700 made to Mr. Q was correctly entered in the Sales Day Book but wrongly posted to the debit of Mr. S as 70; (iv) The total of "Discount allowed" Column in the Cash Book for September amounting to 350 was not posted.
[Sept. 2024, 4 Marks]

Meaning of Bank Reconciliation Statement.

Importance of bank reconciliation to an industrial unit. [RTP Jan 2025]

The interest charged by Banker to customer on overdrawn account is called Red ink interest.

Bank reconciliation statement is prepared to arrive at the bank balance.

Interest charged by the bank will be deducted, when the overdraft as per the cash book is the starting point for making the bank reconciliation statement.

If the balance as per cash book and pass book are the same, there is no need to prepare a reconciliation statement.

From the following particulars prepare a Bank Reconciliation Statement as on 31st December, 2015: 1. On 31st December, 2015 the Cash-book of a firm showed deposit with bank Dr. balance of Rs. 6,000. 2. Cheques had been issued for Z 5,000, out of which cheques worth Rs. 4,000 only were presented for payment. • 3. Cheques worth Rs. 1,400 were deposited in the bank on 28th December, 2015 but had not been credited by the bank. In addition to this, one cheque for Rs. 500 was entered in the Cash book on 30th December, 2015 but was banked on 3-1-2016. 4. A cheque from Susan for Rs. 400 was deposited in the bank on 26th December, 2015 but was dishonoured and the advice was received on 2-1-2016. 5. Passbook showed bank charges of Rs. 20 debited by the bank 6. One of the debtors deposited a sum of Rs. 500 in the bank account of the firm on 20th December, 2015 but the intimation in this respect was received from the bank on 2-1- 2016. 7. Bank Pass-hook showed a credit balance of Rs. 5,180 on 31st December, 2015.

The cash book of a firm showed an overdraft (Cr.) of Rs. 30,000 on 31st March, 2016. A comparison of the entries in the cash book and pass book revealed that - 1. On 22nd March, 2016, cheques totalling Rs. 6,000 were sent to bankers for collection. Out of these, a cheque for Rs. 1,000 was wrongly recorded on the credit side of the cash book and cheques amounting to Rs. 300 could not be collected by bank before 1st April, 2016. 2. A cheque for Rs. 4,000 was issued to a supplier on 28th March, 2016. The cheque was presented to bank on 4th April, 2016. 3. There were debits of Rs. 2,600 in the passbook for interest on overdraft and bank charges, but the same had not been recorded in the cash book. 4. A cheque for Rs. 1,000 was Issued to a creditor on 27th March, 2016 but by mistake the same was not recorded in the cash book. The cheque was, however, duly encashed by 31st March, 2016. 5. As per standing instructions, the banker collected dividend of Rs. 500 on behalf of the firm and credited the same to its account by 31st March, 2016. The fact was, however, intimated to the firm on 3rd April, 2016.
You are required to prepare a bank reconciliation statement as on 31st March, 2016.

From the following information (as on 31.3.2016), prepare a Bank Reconciliation Statement after making necessary amendments in the Cash-book: | Particulars | Amount | | :------------------------------------------------------------------------ | :---------- | | Bank balance as per Cash Book (Dr.) | 3,25,000 | | Cheques deposited, but not yet credited | 4,47,500 | | Cheques issued but, not yet presented for payment | 3,56,200 | | Bank charges debited by Bank but not recorded in Cash-book | 1,250 | | Dividend directly collected by bank | 12,500 | | Insurance premium paid by bank as per standing instruction not intimated | 15,900 | | Cash sales wrongly recorded in the bank column of the Cash-book | 25,500 | | Customer's cheque dishonoured by bank not recorded in Cash-book | 13,000 | | Wrong Credit given by bank | 15,000 | Also show the bank balance that will appear in the Trial Balance as on 31.3.2016.

Perfect Pvt. Ltd., has two accounts with Ever Bank Ltd. The accounts were known as 'Account-I' and 'Account- II '. As at December 31, 2015, the balance as per A/c books reflected the following: | Account | Balance Type | Amount (₹) | | :---------- | :----------- | ---------:

Based 0n the following extracts from the Cash Book and the Pass Book for the month of January, 2016, prepare the Bank Reconciliation Statements as on 31st Jan, 2016.Cash Book(Bank Columns Only) Date Particulars ₹ Date Particulars ₹ 2016 Jan3 Jan4 Jan5 Jan6 Jan10 Jan31 To Cash To Ram To Shyam To Krishna To bill of Exchange (discount of ₹100) To Balance c/d 300 1,300 250 500 1,900 2,900 2016 Jan1 Jan16 Jan17 Jan18 By Balance b / d By cash By bharat By charat 5,000 300 1,350 500 7,150 7,150 Pass Book Date Particulars Withdrawal Deposits Dr./Cr. Balance 2016 Jan1 Jan3 Jan8 Jan9 Jan10 Jan16 Jan18 Jan31 Jan31 To Balance b / d By Cash By Shyam By Krishna To Krishna’s Cheque Dishonoured By Bills of Exchange (Discounted) To Bilis of Exchange (Dishonoured) To Cash To Bharat To Bank Charges To Life Insurance premium as per instruction ₹ - - - - 500 100 2,000 300 500 20 250 ₹ - 300 250 500 - 2,000 - - - - - ₹ Dr. Dr. Dr. Dr. Dr. Dr. Dr. Dr. Dr. Dr. Dr. ₹ 5,000 4,700 4,450 3,950 4,450 2,250 4,550 4,850 5,350 5,370 5,620 Jan31 By Dividend and interest collected as per instruction - - Dr. 4,570

The Bank Pass Book of Account No. 5678 of Mrs. Rani showed an over- draft of ₹33,575 on 31st March 2018. Ongoing through the Pass book, the accountant found the following: i. A Cheque of ₹ l,080 credited in the pass book on 28th March 2018 being dishonoured is debited again in the pass book on 1st April 2018 . There was no entry in the cash book about the dishonour of the cheque until 15th April 2018. ii. Bankers had credited her account with ₹2,800 for interest collected by them On her behalf, but the same has not been entered in her cash book. iii. Out of ₹20,500 paid in by Mrs. Rani in cash and by cheques on 31st March 2018 cheques amounting to ₹7,500 were collected on 7th April, 2018. iv. Out of Cheques amounting to ₹7,800 drawn by her on 27th March, 2018 a cheque for ₹2,500 was encashed on 3rd April, 2018. v. Bankers seems to have given here wrong credit for ₹ 500 paid in by her in Account No. 8765 and a wrong debit in respect of a cheque for ₹300 against her account No. 8765. vi. A cheque for ₹1,000 entered in Cash Book but omitted to be banked on 31st March, 2018. vii. A Bill Receivable for ₹ 5,200 previously discounted (Discount₹200) with the Bank had been dishonoured but advice was received on 1st April, 2018. viii. A Bill for ₹ 10,000 was retired/paid by the bank under a rebate of ₹ 175 but the full amount of the bill was credited in the bank column of the Cash Book (ix) A Cheque for ₹ 2,400 deposited into bank but omitted to be recorded in Cash Book and was collected by the bank on 31st March, 2018. Prepare Bank Reconciliation Statement as on 31st March, 2018 [May 2018, 10 Marks]

Prepare a bank reconciliation statement from the following particulars as on 31st March 2018: [Nov. 2018, 10 Marks] Particulars ₹ Debit balance as per bank column of the cash book Cheque issued to creditors but not yet presented to the Bank for payment Dividend received by the bank but not entered in the Cash book Interest allowed by the Bank Cheques deposited into bank for collection but not collected by bank up to this date Bank charges not entered in Cash Book A cheque deposited into hank was dishonoured, but no intimation Received Bank paid house tax on our behalf, but no intimation received from bank in this connection 18,60,000 3,60,000 2,50,000 6,250 7,70,000 1,000 1,60,000 1,75,000

Prepare the Bank Reconciliation Statement of M/s. R.K. Brothers on 30th June, 2018 from the particulars given below: i. The Bank Pass Book had a debit balance of ₹ 25,000 on 30th June, 2018. ii. A cheque worth ₹400 Directly deposited into Bank by a customer but No entry was made in the Cash Book. iii. Oµt of cheques issued Worth ₹ 34000, cheques amounting to ₹ 20,000 only were presented for payment till 30th June, 2018 . iv. A cheque for ₹ 4,000 received and entered in the Cash Book but it was not sent to the Bank v. Cheques worth ₹ 20,000 had been sent to Bank for collection but the collection was reported by the Bank as under : 1. Cheques collected before 30th June, 2018, ₹14,000 2. Cheques collected on 1oth July, 2018, ₹4,000 3. Cheques collected on 12th July, 2018, ₹2,000. vi. The Bank made a direct payment of₹ 600 which was not recorded in the Cash Book. vii. interest on overdraft charged by the bank ₹1,600 was not ,recorded in the Cash Book. viii. Bank charges worth ₹80 have been entered twice in the cash book whereas Insurance charge for ₹ 70 directly paid by Bank was not at all entered in the Cash Book. ix. The credit side of bank column of Cash book was undercast by ₹2,000. [May 2019, 10 Marks]

On 30th September, 2018, the bank account of XYZ, according to the bank column of the cash book, was overdrawn to the extent of ₹ 8,062. An examination of the Cash book and Bank Statement reveals the following: i. A cheque for ₹11, 14,000 deposited on 29th September, 2018 was credited by the bank only on 3rd October, 2018. ii. A Payment by cheque for ₹ 18,000 has been entered twice in the Cash Book. iii. On 29th September, 2018, the bank credited an amount of ₹ 1,15,400 received from a customer of XYZ, but the advice was not received by XYZ until 1st October, 2018. iv. Bank charges amounting to ₹ 280 had not been entered in the cash book • v. On 6th September, 2018, the bank credited ₹ 30,000 to XYZ in error. vi. A bill of exchange for ₹ 1,60,000 was discounted by XYZ with his bank. The bill was dishonoured on 28th September, 2018 but no entry had been made in the books of XYZ. vii. Cheques issued upto 30th September, 2018 but not presented for payment upto that date totalled ₹13,46,000. viii. A bill payable of ₹ 2,00,000 had been paid by the bank but was not entered in the cash book and bill receivable for ₹ 60,000 had been discounted with the bank at a cost of ₹1,000 which had also not been recorded in cash book. You are required: To show the appropriate rectifications required in the cash book of XYZ, to arrive. at the correct balance on 30th September, 2018 and to prepare a Bank Reconciliation Statement as on that date. [Nov. 2019, 10 Marks]

On 31-3-2020, Mahesh's Cash Book Showed a Bank overdraft of ₹98,700. On comparison he finds the following: (1) Out of the total cheques of ₹ 8,900 issued on 27th March, one cheque Of ₹ 7,400 was presented for payment on 4th April and the. other cheque Of ₹1,500 handed over to the customer, was returned by him and in lieu of that a new cheque of the same amount was issued to him on 1stApril. No entry for the return was made. (2) Out of total cash and cheques of₹ 6,800 deposited in the Bank on 24th March, one cheque of ₹2,600 was cleared on 3rd April and the other cheque of ₹500 was returned dishonoured by the bank on 4th April. (3) Bank charges ₹35 and Bank interest ₹2,860 charged by the bank appearing in the passbook are not yet recorded in the cash book (4) A cheque deposited in his another account of ₹1,550 wrongly credited to this account by the bank. (5) A cheque of ₹ 800, drawn on this account,was wrongly debited in an other account by the bank (6) A debit of ₹3,500 appearing in the bank statement for an unpaid cheque returned for being 'out of date' had been re-dated and deposited in the bank account again on 5th April 2020 (7) The bank allowed interest on deposit ₹ 1,000. (8) A customer who received a cash discount of 4% on his account of ₹ 1,00,000 paid a cheque on 20th March, 2020.The cashier erroneously entered the gross amount in the bank column of the Cash Book. Prepare Bank Reconciliation Statement as on 31-3-2020. [Nov. 2020, 10 Marks]

Prepare a Bank Reconciliation Statement from the following particulars as on 31st December, 2020: Particulars ₹ Bank Balance as per Cash Book (Debit) Bank Charges debited by the bank not recorded in Cash Book Received from debtors vide RTGS on 31st December, 2020 not recorded in Cash Book Cheque issued but not presented for payment Cheque deposited but not cleared Cheque received and deposited hut dishonoured. Entry for dishonour not made in the Cash Book Instruction for payment given to the bank on 31st December, 2020 hut the same effected by the Bank on 1st January, 2021 1,98,000 34,000 1,00,000 45,000 25,000 5,000 4,000 [Jan. 2021, 4 Marks]

From the following information, ascertain the Cash Book balance .of Mr. Bajaj as on 31st March, 2021: (i) Debit balance as per Bank Pass Book ₹3,500. (ii) A cheque amounting to ₹2,500 deposited on 15th March, but the same was returned by the Bank on 24th March for which no entry was passed in the Cash Book. (iii) During March, two bills amounting to ₹2,500 and ₹ 500 were collected by the Bank but no entry was made in the Cash Book. (iv) A bill for ₹5,000 due from Mr Balaji previously discounted for ₹ 4,800 was dishonoured. The Bank debited the account, but no entry was passed in the Cash Book. (v) A Cheque for ₹ 1,500 was debited twice in the cash book. [July 2021, 5 Marks]

According to the cash book of G, there was a balance of ₹ 4,45,000 in his bank on 30th June, 2021. On investigation you find that: (i) Cheques amounting to ₹ 60,000 issued to creditors have not been presented for payment till the date. (ii) Cheques paid into bank amounting to ₹1,10,500, out of which cheques amounting to ₹ 55,000 only collected by the bank up to 30th June, 2021. (iii) A dividend of ₹ 4,000 and rent amounting to ₹ 60,000 received by the bank and entered in the passbook but not recorded in the cash book. (iv) Insurance premium (upto 31st December, 2021) paid by the bank ₹ 2,700 not entered in the cash book. (v) The payment side of the cash book had been under cast by ₹ 500. (vi) Bank charges ₹ 150 shown in the pass book had not been entered in the cash book. • (vii) A bill payable of ₹ 20,000 had been paid by the bank but was not entered in the cash book and bill receivable for ₹ 6,000 had been discounted with the bank at a cost of ₹ 100 which also not been recorded in cash book You are required: (1) To make the appropriate adjustments in the cash book, and (2) To prepare a statement reconciling it with bank passbook [Dec.2021,10 Marks]

From the following particulars, prepare a Bank Reconciliation Statement on 31st March, 2021: Particulars Amount(₹) Bank balance as per Passbook Bills discounted dishonoured not recorded in Cash Book Cheque received entered twice in Cash Book Bank charges entered twice in Cash Book Insurance premium paid directly by Bank under standing instruction Cheque issued but not presented to Bank for payment Cheque received, but not sent to Bank Cheque deposited in Bank, but no entry passed in the Cash Book Credit side of the Bank column cast short 25,00,000 12,50,000 25,000 5,000 1,50,000 12,50,000 28,00,000 12,50,000 5,000 [June 2022, 5 Marks]; [MTP Jan. 2025; Modified Figures-3X]

The cash book of Mr. Karan shows₹ 2,60,400 as the balance of bank as on 31st December, 2021 but you find that it does not agree with the balance as per the bank passbook On analysis, you found the following discrepancies : (i) On 15th December, 2021 the payment, side of the cash book was overcast by ₹ 10,000. (ii) A Cheque for ₹ 1,18,000 issued on 6th December, 2021 was not taken in the bank Column. (iii) On 20th December, 2021 the debit balance of ₹8,460 as on the previous day, was brought forward as credit balance in the cash book. (iv) Of the total cheques amounting to ₹12,370 drawn in the last week of December, 2021, cheques aggregating ₹ 9,360 were encashed in December, 2021. (v) Dividends of ₹ 35,000 collected by the bank and fire insurance premium of ₹ 1,900 paid by the bank were not recorded in the cash book. (vi) A Cheque issued to a creditor of ₹ l,75,000 was recorded twice in the cash book; (vii) Bill for collection amounting total ₹53,000 credited by the bank on 21st December, 2021 but no advice was received by Mr. Karan till 31st December, 2021. (viii) A Customer, who received a cash discount of 3% on his account of ₹ 60,000 paid a cheque on 10th December, 2021. The cashier erroneously entered the gross amount in the bank column of the cash book. You are required to prepare the bank reconciliation statement as on 31st December, 2021. [Dec. 2022, 10 Marks]; [MTP .Jan. 2025; Modified]

From the following information prepare a Bank Reconciliation statement as on 31st March, 2022 for A Ltd. ₹ Bank overdraft as per cash book as 31st March, 2022. 15,50,750 1 Cheques deposited on 15th February, 2022 credited on 5th April,2022 12,50,000 2 Interest debited by bank on 31st March, 2022 1,75,500 3 Cheques issued before 31st March, 2022 but not yet presented 7,75,000 4 On 10th March, 2022 bank credited to A Ltd, in error 1,5o,ooo 5 Draft deposited in bank but not credited till 31st March, 2022 12,75,000 6 Bills for collection credited by bank but no advice received by the company 9,45,000 7 Bank charges charged by bank not entered in Cash Book 2,85,000 8 Transport subsidy received from the State Government directly by the bank not advised to the company 17,50,000 [June. 2023, 5 Marks]

From the following particulars, prepare a Bank Reconciliation Statement as on 31st December, 2022. (i) Debit balance (overdraft). shown by the pass book ₹ 2,48,000. (ii) Cheques of ₹ 2,10,000 were issued in the fast week of December, but of these ₹1,40,000 only were presented for payment. (iii) A Cheque for ₹ 19,200 drawn for the payment of telephone bill had been entered in the cash hook as ₹ 29,200 hut was shown correctly in the bank statement. (iv) A Cheque received of' ₹ 37,520 entered twice in the Cash Book. (v) A Cheque ₹ 1,17,000 was issued for purchase of merchandise and was paid by the bank but not recorded in cash hook. (vi) Interest on and hank charges amounting to ₹ 3,500 were not entered in the Cash Book (vii) A Cheque for ₹ 45,000 was credited the Pass but was not received in the Cash Book (viii) A hill of exchange for ₹ 26,200 which was discounted with bank, returned dishonoured hut no entry was made in the cash hook. (ix) Payment side of the Cash Book has been udercast by ₹ 12,000. [Dec. 2023, 8 Marks]

From the following particulars, prepare the bank Reconciliation Statement of businessman as on 31st March,2024 Sl. No. Particulars ₹ 1. Bank Overdraft as per cash book 24,000 2. Cheque deposited as per bank statement but non recorded in cash book 4,000 3. Cash received from Exe was entered in bank column of cash book 3,150 4. Debit side of the bank column casted short 1,000 5. A cheque for ₹9,000 deposited but collection as per bank statement 8,950 6. Bills sent to the bank for collection, collected by the bank but not recorded in cash book 4,200 7. Bank charges recorded twice in cash book 40 8. Noting charges debited in Pass for Discounted bill dishonored 60 9. Cheques deposited on 25th March,2024 but collected by Bank on 5th April, 2024 4800 10. Cheques issued on 26th March, 2024 'but presented for encashment on 6th April, 2024 3000 [June 2024, 5 Marks]

The book of Hari showed a balance ₹1,36,800 as on 31.12.2023 which was in disagreement with balance as per pass book lowing discrepancies were noticed: (i) Dividend of ₹18,000 was deposited in the bank of which Hari had no information. (ii) Cheque was issued to Suresh of ₹ 14,780 on 18.12.2023 which was recorded in cash book as ₹14,870. (iii) Cheques totalling of ₹ 55,000 were deposited into bank on 30.12.2023 which were not cleared until 31.12.2023. (iv) Mediclaim premium on ₹ 14,160 was paid as per the standing instruction of Hari which was not recorded in cash book: (v) Goods amounting ₹1,60,000 were sold to Ajay in November 2023. He deposited cheque on 15.12.2023 after deducted 4% cash discount. This entry was missed while preparing cash book. (vi) Bank charges for issue of cheque book ₹ 150 was skipped while preparing cash book. (vii) Hari received a UPI of ₹1,000 on 29.12.2023 for sale of scrap which was not entered in cash book. (viii) Cheques amounting to ₹ 1,80,000 were issued during the month but cheques of ₹ 1,44,000 were only presented during the month for payment Prepare Bank Reconciliation Statement on 31.12.2023 and ascertain balance as per pass book [Sept.2024, 10 Marks]

From the following particulars of M/s Iqbal enterprises, prepare a Banker reconcillation statement. (l) Bank overdraft as per Pass Book as on 31st March; 2024 was ₹8,800 (2) Cheques deposited in Bank for ₹5,800 but only ₹2,000 were cleared till 31st March. (3) Cheques issued were ₹2,500, ₹3,800 and ₹2,000 during the month. The cheque off 5,800 is still with supplier. (4) Dividend collected by Bank ₹1,250 was wrongly entered as ₹1,520 in Cash Book. (5) Corporation tax ₹1,200 paid by Bank as per standing instruction appears in Pass Book only. (6) Interest on overdraft ₹930 was debited by Bank in Pass Book and the information was received only on 3rd April 2024. (7) Direct deposit by M/ s Rajesh Trader ₹400 not entered in Cash Book. (8) Amount transferred from fixed deposit A/ c into the current A/ c ₹2,000 appeared only.in Pass Book. [RTP Jan. 2025]