, . Prepare bank reconciliation statement on March , . (i) Out of cheques amounting to Rs. , drawn by Mr.
Randhir on March a cheque for Rs. , was encashed on April . (ii) Credited by bank with Rs. , for interest collected by them, but the amount is not entered in the cash book.
(iii) Rs. , paid in by Mr. Randhir in cash and by cheques on March, cheques amounting to Rs. , were collected on April, .
(iv) A Cheque of Rs. credited in the passbook on March being dishonoured is debited again in the passbook on April , . There was no entry in the cash book about the dishonour of the cheque until April . ( Ans: Overdraft as per cash book Rs.
, ) Project You are employed by Silk and Carpets as their cashier. Your main responsibility is to maintain the company’s cash book and prepare a bank reconciliation statement at the end of each month. The cash book (showing the bank money columns only) is set out below together with a copy of the bank statement for February . You are required to : Reconcile the cash book with the bank statement.
Make the entries necessary to update the cash book.. Start with the balance as per the cash book, list any unpresented cheques and sub-total on the reconciliation statement. Enter details of bank lodgements. Calculate the balance as per the bank statement and check your total against the bank statement for accuracy.
Silk & Carpets Ltd. Cash Book Dr. Cr. Bank Bank Feb.
Balance b/d , Feb. Bhargav Bros Feb. Brown & Co. Feb.
Maruti Ltd. (400460) Feb. Brindas Feb. Jackson Ltd.
(400461) Feb. Robinson Ltd. Feb. Spencer Partners (400462) Feb.
Morris Feb. Ivory Computer (400463) Feb. Kinki and Co. Feb.
Surya Insurance Feb. Howell Ltd. Feb. Shankar Garage (400464) Feb.
Petty cash (400465) Feb. Swaroop