Following information has been given by Rajendra. Prepare a Bank Reconciliation Statement as on 31st Dec. 2016, showing balance as per cash book: 1. Debit balance shown by the pass book ₹ 17,800. 2. Cheques of ₹ 21,600 were issued in the last week of December, but of these ₹14,800 only were presented for payment. 3. Cheques of ₹ 10,750 were deposited in bank, out of them a cheque of ₹ 4,200 was credited in the first week of January, 2017. 4. A cheque of ₹ 1,200 was debited in the cash book but was not deposited in bank. 5. Insurance premium paid by bank ₹ 1,450. 6. A bill of exchange for ₹ 6,200 which was discounted with bank, returned dishonoured but no entry was made in the cash book. 7. Bank charges and interest charged by bank are ₹ 350.

Following information has been given by Rajendra. Prepare a Bank …

Question

Following information has been given by Rajendra. Prepare a Bank Reconciliation Statement as on 31st Dec. 2016, showing balance as per cash book:

Debit balance shown by the pass book ₹ 17,800.
Cheques of ₹ 21,600 were issued in the last week of December, but of these ₹14,800 only were presented for payment.
Cheques of ₹ 10,750 were deposited in bank, out of them a cheque of ₹ 4,200 was credited in the first week of January, 2017.
A cheque of ₹ 1,200 was debited in the cash book but was not deposited in bank.
Insurance premium paid by bank ₹ 1,450.
A bill of exchange for ₹ 6,200 which was discounted with bank, returned dishonoured but no entry was made in the cash book.
Bank charges and interest charged by bank are ₹ 350.

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2019	Particular	₹
Jan-5	Received cash from Wahi & Co. on account vide cash receipt No. 551	10,000
Jan-10	Commission received vide cash receipt No. 520*	10,000
Jan-15	Sold leather purses for cash vide Cash Memo Nos. 307-310*	6,000
Jan-24	Sold two old machines vide Cash Memo No. 1560*	3,000

2018
March 1	Mahesh Chandra of Bihar purchased goods for ₹ 1,00,000 from Sunil Soren of Jharkhand and sold the same to Deepak Patnaik of Odisha for ₹ 1,50,000.
March 5	Deepak Patnaik sold goods to Suresh Yadav of Odisha for ₹ 1,80,000.
March 10	Suresh Yadav sold goods to Ravi Chakravarti of West Bengal for ₹ 2,50,000.
March 14	Ravi Chakravarti sold goods costing ₹ 2,50,000 to Sanjay Diwedi of West Bengal at a profit of 40% on cost.

		₹
(a)	Cash Book Balance (Overdraft)	12,500
(b)	Cheques deposited but not recorded in Cash Book	2,000
(c)	Cheque received but not sent to Bank	1,500
(d)	Credit side of the Bank Column has been overcast	60
(e)	Bank charges entered in Pass Book twice	75
(f)	Bills Receivable directly collected by the Bank	4,000
(g)	Deposited cheques returned dishonoured by Bank	1,700
(h)	Electricity Bill paid by Bank as per instruction	800
(i)	Cheques issued but not presented for payment	5,400
(j)	Cheques deposited but not cleared	3,200

A discount of ₹ 178 was allowed to Ramesh but in his account only ₹ 100 is recorded.
The total of the Purchases Book was ₹ 1,000 short.
A sale of ₹ 375 to Kohli was entered in the Sales Book as ₹ 735.
From the Purchases Book, Bose’s Account was debited with ₹ 175.
Cash ₹ 250 received from Maitra against debt previously written off was credited to his account.
Purchase of office furniture worth ₹ 750 on credit from Delhi Furnitures was entered in the Purchases Book.
While carrying forward the total of the Sales Book from one page to another the amount of ₹ 11,358 was written as ₹ 11,538.
The proprietor took goods of the value of ₹ 150 for his domestic consumption. No record of it has been made in the books.
Repairs bill of ₹ 410 for the proprietor’s personal car, has been paid by the firm and debited to the Repairs Account.
A sale to Kassim of ₹ 700 has been entered in the Purchases Book.
Rectify the errors by means of suitable Journal entries and show the Suspense Account.

2017
Jan. 2	Purchased Typewriter for ₹ 7,500
Jan. 4	Sold goods for Cash of the list price of ₹ 25,000 at 20% trade discount and 5% Cash discount
Jan. 6	Sold goods to Gopal Seth for ₹ 10,000
Jan. 8	Gopal Seth returned goods for ₹ 1,500
Jan. 12	Purchased goods from Arun ₹ 12,000, and from varun ₹ 15,000
Jan. 13	Settled Arun's account in full after deducting 5% for cash discount
Jan. 14	Paid cash to Ghanshyam in full settlement of his account
Jan. 16	Received ₹ 7,500 from Lal Chand in full settlement of his account
Jan. 17	Purchased a Scooter for office use ₹ 18,000
Jan. 20	Sold goods for cash 20,000
Jan. 22	Received from Gopal Seth ₹ 4,850 and discount allowed ₹ 150
Jan 27	Paid for Wages ₹ 7,000 and Salaries ₹ 3,000.
Jan. 28	Withdrew goods for ₹ 2,000 and Cash ₹ 1,500 for private use
Jan. 29	Paid for Life Insurance Premium of the Proprietor ₹ 1,600

Our acceptance to Karan for ₹ 4,500 renewed for 3 months on the condition that ₹ 2,500 is paid in cash immediately and a new bill to be drawn including interest @ 12% p.a.
A bill payable accepted in favour of Hari for ₹ 4,000 returned unpaid due to lack of instructions to the bank. Hari claims ₹ 4,050. (₹ 50 as noting charges), which is paid by cheque.