(c) Cheques amounting to ` which were issued to trade payables and entered in the cash book before 31st March, were not presented for payment until that date. (d) Cheque amounting to ` , had been recorded in the cash book as having been deposited into the bank on 30th March, , but was entered in the bank statement on 3rd April, . (e) Transport subsidy amounting to ` , received from the Government of Tamilnadu directly by the bank, but not advised to the Senthamarai Traders. (f) A sum of ` , was wrongly debited to Senthamarai Traders by the bank, for which no details are available.
Solution Bank reconciliation statement of Senthamarai traders as on 31st March, Amount ` Amount ` Balance as per cash book Add: Net payment entered twice in the cash book Cheques issued to trade payables not yet presented Transport subsidy collected by bank Less: Cheques deposited but not yet credited by bank Cheques deposited but not yet credited by bank Wrong debit by bank , , , , , , , , Balance as per bank statement , Illustration (When balance as per cash book shows overdraft) From the following information, prepare bank reconciliation statement as on 31st December, to find out the balance as per bank statement. (i) Overdraft as per cash book , (ii) Cheques deposited but not yet credited , (iii) Cheque issued but not yet presented for payment , (iv) Payment received from the customer directly by the bank (v) Interest on overdraft debited by bank , (vi) Amount wrongly debited by bank Accountancy - Solution Bank reconciliation statement as on 31st December, Amount ` Amount ` Overdraft as per cash book Add: Cheques deposited but not yet credited Interest on overdraft debited by bank Amount wrongly debited by bank Less: Cheque issued but not yet presented for payment Payment received from the customer directly by the bank Overdraft balance as per bank statement , , , , , , ,