& Co. prepare a bank reconciliation statement on December , . Overdraft as per passbook , Interest on overdraft , Insurance Premium paid by the bank Cheque issued but not presented for payment , Cheque deposited but not yet cleared , Wrongly debited by the bank Solution Bank Reconciliation Statement of Asha & Co as on December , (+) (–) Overdraft as per passbook , Interest on overdraft , Insurance premium paid by the bank Cheque issued but not presented for payment , Cheques deposited but not yet cleared , . Wrongly debited by the bank .
Balance as per the cash book (overdraft) , , , Illustration From the following particulars, prepare a bank reconciliation statement as on March , . (a) Debit balance as per cash book is Rs. , . (b) A cheque for Rs.
, deposited but not recorded in the cash book. (c) A cash deposit of Rs. was recorded in the cash book as if there is not bank, column therein. (d) A cheque issued for Rs.
was recorded as Rs. in the cash column. (e) The debit balance of Rs. , as on the previous day was brought forward as a credit balance.
(f) The payment side of the cash book was under cast by Rs. . (g) A cash discount allowed of Rs. was recorded as Rs.
in the bank column. (h) A cheque of Rs. received from a debtor was recorded in the cash book but not deposited in the bank for collection. (i) One outgoing cheque of Rs.
was recorded twice in the cash book. Solution Bank Reconciliation statement as on September , (+) (–) Debit balance as per cash book , Error in carrying forward , Cheque recorded twice in cash book Cheque deposit not record in bank column Cheque deposit but not recorded , , Under casting of payment side . Cheque issued but not entered . A cash discount wrongly recorded in bank column .
Cheque recorded but