Bank Reconciliation Statement Account - Bank Reconciliation Statement

Balance shown in the Balance Sheet is of

Which of the following will not require adjustment in the Cash Book balance?

Bank Reconciliation Statement is prepared:

State two transactions which may be recorded in Cash Book but not in Pass Book.

What does ‘Credit balance as per the Bank Pass Book mean?

State two transactions which may be recorded in Pass Book but not in Cash Book.

Is it correct that Bank Reconciliation Statement is prepared once, i.e., at the end of the year?

What does ‘Debit balance as per the Bank Pass Book mean?

What is a Bank Reconciliation Statement? Explain the purpose of preparing such a statement.

On 31st March, 2019. Bank Account in the books of Ramesh shows a credit balance of ₹ 36,000. On the same date, outstanding cheques amounted to ₹ 14,000 and outstanding deposits a mounted to ₹ 20,000. A cheque for ₹ 5,000 received from a debtor, was subsequently dishonoured. The receipt had been correctly recorded but no entry has yet been made in the books for the dishonour. On the basis of the above information, determine the balance as per the Bank Statement.

On 31st March, 2019, the balance as per the Bank Statement was ₹ 10,000 debit. On the same date, outstanding cheques amounted to ₹ 30,000 and outstanding deposits amounted to ₹ 50,000. Also, there was a dishonoured cheque from a customer of ₹ 5,000 recorded in the Bank Statement but not in the Cash Book. On the basis of the above information, determine the balance as per the Cash Book.

In the following Bank Reconciliation Statemnt. determine the missing amounts:

Prepare Bank Reconciliation Statement from the following:

		₹
(i)	Debit balance as per the Cash Book.	15,000
(ii)	Cheques deposited but not cleared.	1,000
(iii)	Cheques issued but not presented.	1,500
(iv)	Bank interest.	200

How is a Bank Reconciliation Statement prepared?

In the following Bank Reconciliation Statement. determine the missing amounts:

Explain any two reasons on account of which the balance as shown by the Pass Book does not agree with the balance as shown by the bank column of the Cash Book.

Tiwari & Sons find that the bank balance shown by their Cash Book on 31st March, 2019 is ₹ 40,500 (credit) but the Pass Book shows a difference due to the following reasons:

1. A cheque for ₹ 5,000 drawn in favour of Manohar has not yet been presented for payment.
2. A post-dated cheque for ₹ 900 has been debited in the bank column of the Cash Book but it could not have been presented in any case.
3. Cheques totalling ₹ 10,200 deposited with the bank have not yet been collected and a cheque for ₹ 4,000 has been dishonoured.
4. A bill for ₹ 10,000 was retired by the Bank under a rebate of ₹ 150 but the full amount of the bill was credited in the bank column of the Cash Book.

Prepare Bank Reconciliation Statement and find out the balance as per Pass Book.

When you proceed to reconcile the Bank Account starting with 'Debit' Cash Book balance. how is the following dealt with and why?

1. Cheques issued but not presented for payment.
2. Cheques deposited but not yet credited.
3. Bank charges charged by the bank not recorded in the Cash Book.
4. Interest allowed by the bank not recorded in the Cash Book.

Prepare Bank Reconciliation Statement from the following particulars on 31st July, 2018:

1. Balance as per the Pass Book ₹ 50,000.
2. Three cheques for ₹ 6,000, ₹ 3,937 and ₹ 1,525 issued in last week of July, 2018 were presented for payment to the bank in August, 2018.
3. Two cheques of ₹ 500 and ₹ 650 sent to the bank for collection were not entered in the Pass Book by 31st July, 2018.
4. The bank charged ₹ 460 for its commission and allowed interest of ₹ 100 which were not mentioned in the Bank Column of the Cash Book.

Prepare Bank Reconciliation Statement from the following:On 31st March, 2019, a merchant's Cash Book showed a credit bank balance of ₹ 10,500 but due to the following reasons the Pass Book showed a difference:

1. A cheque of ₹ 540 issued to Mohan has not been presented for payment.
2. A post-dated cheque for ₹ 100 has been debited in the bank column of the Cash Book but under no circumstances was it possible to present it.
3. Four cheque of ₹ 1,200 sent to the bank have not been collected so far. A cheque of ₹ 400 deposited in the bank has been dishonoured.
4. As per instructions, the bank paid ₹ 50 as Fire Insurance premium but the entry has not been made in the Cash Book.
5. There was a debit in the Pass Book of ₹ 15 in respect of bank charges and a credit of ₹ 25 for interest on Current Account but no record exists in the Cash Book.
6. Cheque of ₹ 5,000 dated 15th April, 2019 issued to M & Co. was dishonoured being post dated. It was also not recorded in the books of account yet.

On 1st January, 2019, Naresh had an overdraft of ₹ 40,000 as shown by his Cash Book in the bank column. Cheques amounting to ₹ 10,000 had been deposited by him but were not collected by the bank by 1st January, 2019. He issued cheques of ₹ 7,000 which were not presented to the bank for payment up to that day. There was also a debit in his Pass Book of ₹ 600 for interest and ₹ 500 for bank charges.Prepare a Bank Reconciliation Statement.

On 31st March, 2019, Cash Book of Mahesh showed debit bank balance of ₹ 75,000. When compared with the Bank Statement, following facts were discovered. On 30th March, two cheques of ₹ 5,000 and ₹ 7,000 were deposited in the bank but were not realised till date. On 28th March, three cheques of ₹ 6,000, ₹ 8,000 and ₹ 12,000 were issued but none of these were presented to the bank for payment. On 31st March, bank credited ₹ 1,250 as interest but this was not recorded in the Cash Book. Similarly, the bank had charged ₹ 150 as bank charges but this was not recorded in the Cash Book.
Bank paid insurance premium of ₹ 5,000 but it was recorded as ₹ 500 in Cash Book. Prepare Bank Reconcilation Statement on 31st March, 2019.

Complete the following Bank Reconciliation Statement: