BANK RECONCILIATION STATEMENT · Part 16

the cash book Less: Cheques issued, but not presented for payment Balance as per cash book , , , , , , Illustration From the following information, prepare bank reconciliation statement as on 31st December, to find out the balance as per bank statement. (i) Balance as per bank statement , (ii) Cheques deposited on 28th December, but not yet credited , (iii) Cheques issued for , on 20th December, but not yet presented for payment , (iv) Interest on debentures directly collected by the bank not recorded in cash book , (v) Insurance premium on building directly paid by the bank , (vi) Amount wrongly credited by bank Accountancy - Solution Bank reconciliation statement as on 31st December, Amount ` Amount ` Balance as per bank statement Add: Cheque deposited but not yet credited Insurance premium on building directly paid by the bank Less: Cheque issued but not yet presented for payment Interest on debentures directly collected by the bank not entered in cash book Amount wrongly credited by bank Balance as per cash book , , , , , , , , , Illustration (When balance as per bank statement is an overdraft) From the following data, ascertain the cash book balance as on 31st December, . ) Overdraft balance as per bank statement , ) Cheques deposited into the bank but not yet credited , ) Cheques issued, but not yet presented for payment , ) Wrong debit by the bank ) Interest and bank charges debited by bank ) Insurance premium on goods directly paid by the bank as per standing instructions Solution Bank reconciliation statement as on 31st December, Amount ` Amount ` Overdraft balance as per bank statement Add: Cheques issued, but not yet presented for payment Less: Cheques deposited into the bank but not credited Wrong debit by the bank Interest and bank charges debited by bank Insurance premium directly paid by the bank as per standing order Balance as per cash book*