Prepare a Bank Reconciliation Statement as on 31st Dec., 2012 from the following transactions: 1. Bank overdraft as per Pass Book ₹ 22,000 as on 31st Dec. 2. On 28th Dec., cheques had been issued for ₹ 50,000 of which cheques worth ₹ 6,000 only had been encashed upto 31st Dec. 3. Cheques amounted to ₹ 4,500 had been paid into the bank for collection but out of these only ₹ 1,000 had been credited in the Pass Book. 4. The bank has charged ₹ 1,500 as interest on overdraft and the intimation of which has not been received as yet. 5. Bank has collected ₹ 1,600 directly in respect of interest on investment. 6. A cheque of ₹ 1,200 has been debited in bank column of Cash Book, but it was not sent to bank at all.

Prepare a Bank Reconciliation Statement as on 31st Dec., 2012 fro…

Question

Prepare a Bank Reconciliation Statement as on 31st Dec., 2012 from the following transactions:

Bank overdraft as per Pass Book ₹ 22,000 as on 31st Dec.
On 28th Dec., cheques had been issued for ₹ 50,000 of which cheques worth ₹ 6,000 only had been encashed upto 31st Dec.
Cheques amounted to ₹ 4,500 had been paid into the bank for collection but out of these only ₹ 1,000 had been credited in the Pass Book.
The bank has charged ₹ 1,500 as interest on overdraft and the intimation of which has not been received as yet.
Bank has collected ₹ 1,600 directly in respect of interest on investment.
A cheque of ₹ 1,200 has been debited in bank column of Cash Book, but it was not sent to bank at all.

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Credit sales to Mohan ₹ 7,000 were posted to the credit of his account.
Credit purchases from Rohan ₹ 9,000 were posted to the debit of his account as ₹ 6,000.
Goods returned to Rakesh ₹ 4,000 were posted to the credit of his account.
Goods returned from Mahesh ₹ 1,000 were posted to the debit of his account as ₹ 2,000.
Cash sales ₹ 2,000 were posted to the debit of sales account as ₹ 5,000.

2018
June 1	Arun Govil & Co. paid into bank as capital ₹ 6,00,000.
Jane 3	Purchased goods from Mukesh of the list price of ₹ 2,00,000 at 10% trade discount.
June 4	One-fourth of the above goods returned to Mukesh for not being upto specifications.
June 6	Issued a cheque to Mukesh for the amount due to him after deducting 2% as cash discount.
June 7	Withdrew from bank ₹ 2,50,000 for office use and ₹ 10,000 for personal use.
June 10	Purchased a machinery for ₹ 1,00,000 and spent ₹ 5,000 on its installation. Payment for machinery was made by cheque and installation expenses were paid in cash.
June 12	Sold goods for ₹ 1,00,000 to Amar.
June 13	Amar clears his account by giving a cheque of ₹ 98,500. Cheque is immediately sent to bank.
June 15	Purchased stationery for personal use ₹ 3,000 and for office use ₹ 5,000.
June 20	Purchased land for ₹ 2,00,000 and paid 1% as brokerage and ₹ 15,000 as registration charges on it. Entire payment is made by Cheque.
June 30	Wages due to labourers ₹ 20,000 and salary due to the clerk ₹ 30,000.

₹ 2,860 is entered in the Cash Book as paid into the bank on 31st March, 2019 but not credited by the bank until the following day.
Bank charges of ₹ 70 on 31st March, 2019 are not entered in the Cash Book.
A bill for ₹ 5,500 discounted with the bank is entered in the Cash Book without recording the discount charges of ₹ 270.
Cheques totalling ₹ 16,720 were issued by the company and duly recorded in the Cash Book before 31st March, 2019 but had not been presented at the Bank for payment until after that date.
On 25th March, 2019, a debtor paid ₹ 1,000 into the Company's Bank in settlement of his account but no entry was made in the Cash Book of the company in respect of this.
No entry has been made in the Cash Book to record the dishonour on 15th March, 2019, of a cheque for ₹ 550 received from Ram Babu. Prepare a Bank Reconciliation Statement as on 31st March, 2019.

2018
March 1	Purchased goods for ₹ 5,00,000 from Mehta Bros.
March 10	Sold goods for ₹ 8,00,000 to Munjal & Co.
March 15	Paid for advertisement ₹ 40,000 by cheque.
March 18	Purchased furniture for office use ₹ 50,000 and payment made by cheque.
March 25	Paid for printing and stationery ₹ 8,000.
March 31	Payment made of balance amount of GST.

If X retains the bill till due date.
If X discounts the same with his banker paying ₹ 100 for discount.
If X endorses the same to his creditor Z, in full settlement of his debt of ₹ 4,080.
If X sends the bill to his banker for collection.

2017
Jan. 1	Commenced business with Cash ₹ 2,00,000
Jan. 2	Deposited into U.T.I Bank ₹ 1,75,000
Jan. 4	Purchased goods from Dilip for ₹ 40,000. Trade Discount 20%
Jan. 6	Gave a cheque to Dilip for ₹ 16,800 and discount allowed by him ₹ 200
Jan. 8	Goods bought from Nilesh for Cash ₹ 14,000
Jan. 10	Accepted a bill at 2 months for ₹ 15,000 drawn by Dilip
Jan. 11	Bought goods from Suresh ₹ 75,000
Jan. 13	Paid to Suresh a Cheque for ₹ 58,800 after receiving discount of 2%
Jan. 15	Cash sales made to Jyoti Parshad ₹ 8,000
Jan. 16	Sold goods to Mohinder for ₹ 20,000
Jan. 17	Goods returned by Mohinder for ₹ 1,500
Jan. 18	Received from Mohinder ₹ 7,900 after allowing a discount of 1.25%
Jan. 20	Goods sold to Banerjee ₹ 50,000
Jan. 21	Deposited into Bank ₹ 20,000
Jan. 25	Goods taken for personal use ₹ 2,000
Jan. 25	Purchased furniture ₹ 40,000 and Typewriter ₹ 10,000 for office use
Jan. 25	Payment for both the items is made by Cheque
Jan. 25	Sold goods to Anubhav ₹ 30,000
Jan. 27	Goods returned by Anubhav ₹ 5,000
Jan. 27	Received full payment from Banerjee by Cheque, sent it to Bank, Discount allowed 2%
Jan. 28	Acceptance received from Anubhav at 30 days for the amount due from him
Jan. 28	Paid for stationery ₹ 400 and for Postage ₹ 200
Jan. 31	Rent of proprietor's house paid by Cheque ₹ 2,500

2019	Particular	₹
Jan-1	Bought computer for resale for cash vide Cash Memo No. 512*	7,200
Jan-8	Salary paid for the month of December, 2018	10,000
Jan-10	Sold computer for cash vide Cash Memo No. 64*	12,000
Jan-15	Withdraw cash from bank for office use vide cheque No. 13456	1,700