maintainance of the firm’s. The firm’s cash book for July which Kamlesh has just finished entering and balancing for the month is shown in exhibit . Help Kamlesh to prepare the bank reconciliation statement. Note : the cash column is omitted ).
A copy of firm’s bank statement dated July , is also illustrated in exhibiy . The numerical difference between the two is Rs. . .
( Bank statement Rs. . – Cash book Rs. .
). Aqua Products – Cash Book Dr. Cr. Receipts Bank Payments Bank July Balance b/d .
ü July Aditya 004450 . ü July Kanishk Enterprises . ü July Verma & Co. 004451 .
July Rampaul and Sons . ü July Gytri & Co. 004452 . ü July Sarin Bros .
July Mehta Ltd. 004453 . July Subash & Co. .
ü July Kaushik 004454 . ü July Kriosk Ltd. 004455 . ü July Insurance premium .
ü (SO) July Balance c/d . , . , . July Balance b/d .
Exhibit- Rahuvansh Wholesale Limited Bank Reconciliation Statement as at October , (As in practice) Balance at bank as per Cash book Add : Unpresented cheques by Oct. , (i) Samprada Trading Company (ii) Kanishk Partnership (iii) Parcha Limited Less : Cheques deposited but not cleared by Oct. , Balance at bank as per bank statement Start with the cash book balance updated from the bank statement Add cheques that have been issued, but which are not the bank statement Deduct any amounts paid in but which are not on the bank statement This should agree with the final balance on the bank statement Bank Statement Account Aqual Products Co. Account Number 79014456 Ledger No.
July , Details Debit Credit Balance July Balance . Cr. ü July Cheques . ü .
July 004452 . ü . Cr. July Subash & Co.
(DD) . ü . Cr. July Cheques .