Class 10 Elements Of Book Keeping And Accountancy - Bank Reconciliation Statement

On 1st January 2010, Rakesh had an overdraft of Rs 8,000 as showed by his cash book. Cheques amounting to Rs. 2,000 had been paid in by him but were not collected by the bank in January 1, 2010.
He issued cheques of Rs.800 which were to presented to the bank for payment up to that day. There was a debit om his pass book of Rs. 60 for interest and Rs. 100 for bank charges.
Prepare bank reconciliation statement for comparing both the balance.

Bank Reconciliation statement of Mr. Rakesh
as on 1st January, 2010

S. N	Particulars	Amt.(+)	Amt.(-)
i ii iii iv	Overdraft as per Cash Book Cheque sent to the bank for collection but not collected Cheque isuued but not presented for payment Bank charges charged by Bank Interest charged by bank Overdraft as per Pass Book	800 9,360 10,160	8,000 2,000 100 60 10,160

From the following particulars,prepare a bank reconciliation statement as at March 31, 2010.
i) Balance as per cash book,Rs.3,200.
ii) Cheque issued but not presented for payment, Rs.1,800.
iii) Cheque deposited but not collected upto March 31, 2010,Rs. 2,000.
iv) Bank charges debited by bank, Rs. 150.

Bank Reconciliation Statement as on 31st March,2010

S.No

Particulars

Amt.(+)

Amt.(-)


i ii iii

Balance as per Cash Book
Cheque issued but not presented for payment
Cheque deposited but not cleared
Bank charges debited by bank
Balance as per Pass Book

3,200
1,800

5,000

2,000
150
2,850

5,000

Prepare bank reconciliation statement.
i) Overdraft shown as per cash book on December 31, 2010 Rs. 10,000.
ii) Bank charges for the above period also debited in the pass book Rs. 100.
iii) Interest on overdraft for six months ending December 31, 2010, Rs. 380 debited in the pass book.
iv) issued but not incashed prior to December 31, 2010 amounted to Rs. 2,150.
v) Interest on Investment collected by the bank and credited in the pass book, Rs. 600.
vi) Cheques paid into bank but not cleared before December, 31 2010 were Rs. 1,100.

Bank Reconciliation Statement
as on 31st December, 2010

S.N	Particulars	Amt.(+)	Amt (-)
i ii iii iv v	Overdraft as per Cash Book Bank charges debited in pass book Interest on overdraft for six months Cheques issued but not presented for payment Interest on investment credited by bank Cheque paid into bank for collection but not collected Overdraft as per Pass Book	2,150 600 8,830 11,580	10,000 100 380 1,100 11,580

Bank balance of Rs.40,000 showed by the cash book of Atul on December 31,2010.It was found that three cheques of Rs.2,000, Rs.5,000 and Rs.8,000 deposited during the month of December were not credited in the pass book till January 2,Two cheques of Rs. 7,000 and Rs,8,000 issued on December 28, were not presented for payment, till January 3, 2010.In addition to it bank had credited Atul for Rs.325 as interest and had debited him with Rs. 50 as bank charges for which there were no corresponding entries in the cash book.
Prepare a bank reconciliation statement as on December 31, 2010.

Bank Reconciliation Statement of Mr.Atul as on 31st December, 2010

S.N

Particulars

Amt(+)

Amt(-)


i ii iii iv

Balance as per Cash Book
Cheque sent to the bank for collection but credited (2,000+5,000+8,000)
Cheque issued but not presented (7,000 + 8,000)
Interest credited by bank
Bank charged debited
Balance as per Pass book

40,000

15,000
325

55,325

15,000

50
40,275

55,325

Balance as per pass book of Mr Kumar is 3,000.
i) Cheque paid into bank but not yet cleared Ram Kumar Rs 1000 & Kishore Kumar Rs 500.
ii) Bank Charges Rs.300
iii) Cheque issued but not presented Hameed Rs 2,000 & Kapoor Rs 500.
iv) Interest entered in the pass book but not entered in the cash book Rs 100.
Prepare Bank reconciliation statement.

Bank Reconciliation statement of Mr. Kumar as on...

S.N

Particulars

Amt.(+)

Amt.(-)

i

ii

iii

iv

Balance as per Pass Book

Cheque sent to Bank but not cleared
Ram kumar 1,000
Kishore Kumar 500

Bank Charges

Cheque issued but not presented for payment
Hameed 2,000
Kapoor 500

Interest credited by bank
Balance as per Cash Book

3,000

1,500

300

4,800

2,500

100
2,200

4,800

On March 31,2010, the cash showed a balance of Rs.3,700 as cash at bank, but the bank pass book made up to same date showed that cheques for Rs. 700, Rs. 300, and Rs. 180 respectively had not presented for payment.Also, cheque amounting to Rs. 1,200 deposited into the account had not been credited.Prepare a bank reconciliation statement.

Bank Reconciliation Statement as on 31st March, 2010

S.N

Particulars

Amt.(+)

Amt.(-)

i
ii

Balance as per Cash Book
Cheques issued but not presented for payment (700+300+180)
Cheque sent to the bank for collection but not credited
Balance as per Pass Book

3,700
1,180

4,880

1,200
3,680

4,880

Prepare bank reconciliation statement of Shri Bhandari as on December 31, 2010
i) The payment of a cheque for Rs.550 was recorded twice in the pass book.
ii) Withdrawal column of the pass book under cast by Rs.200.
iii) A Cheque of Rs.200 has been debited in the bank column of the cash book but it was not sent to bank at all.
iv) A cheque of Rs.300 debited to bank column of the pass book was not sent to the bank.
v) Rs. 500 in respect of dishonored cheque were entered in the pass book but not in the cash book.
Overdraft as per pass book is Rs. 20,000.

Bank Reconciliation Statement of Shri Bhandari
as on December 31, 2005

S.N	Particulars	Amt.(+)	Amt.(-)
ii iii iv v	Overdraft as per the Pass Book i Payment of cheque twice debited in the pass book Withdrawal column of the pass book undercast Cheque debited in the cash book but not deposited in the bank Cheque Debited to bank Column but not sent to bank Cheque dishonored Credit balance as per cash book 18650 20200 20200	550 200 300 500	20,000 200

What is a bank overdraft ?

Overdrafts are where the bank account becomes negative and the business in effect have borrowed from the bank. This is shown in the cash book as a credit balance. In other words,when a firm withdraw more than its deposits from the bank, the situation will become bank overdraft and will be treated as liability of the business.

Prepare Bank reconciliation statement as on December 31,On this day, the pass book of Mr. Himanshu showed a balance of Rs. 7,000.
i) Cgeque of Rs.1,00 directly deposited by a customer.
ii) The bank has credited Mr. Himanshu for Rs. 700 as interest.
iii) Cheques for Rs. 3000 were issued during the month of December but of these cheques for Rs.1,000 were not presented during the month of December.

Bank Reconciliation Statement of Mr. Himanshu as on 31st March, 2009

S.N

i
ii
iii

Particulars

Balance as per Pass Book
Cheque directly deposit by a customer
Bank interest credited by bank
Cheque issued but not presented for payment

Balance as per Cash Book

Amt (+)

7,000

7,000

Amt (-)

1,000
700
1,000

4,300

7,000

Give one word or term or phrase which can substitute each of the following statement.
Statement showing the causes of disagreement between the balance of Cash Book and Pass book.

Bank reconciliation statement. It is statement which reconciles the balance as per cash book and bank pass book and identifies the causes of differences between the two.

Give one word or term or phrase which can substitute each of the following statement.
A statement which is prepared so as to agree the bank balance as shown by the pass book with the bank balance as shown by the bank column of the cash book.

Bank reconciliation statement. It is a statement which is prepared to reconcile the balances as per cash book (bank column) and pass book (bank statement) by identifying the causes of differences between the two.

What is Bank Reconciliation Statement?

A bank reconciliation statement is a statement prepared to reconcile the balances as per cash book (bank column) and pass book (bank statement) and identify the causes of differences between the two. It is prepared periodically by the business firm/ company accountant.

Raghav & Co have two bank accounts,Account No.I and Account No.II. From the following particulars relating to Account No.I, find out the balance on that account of December 31, 2010 according to the cash book of the firm.
i) Cheques paid into bank prior to December 31, 2010, but not credited for Rs. 10,000.
ii) Transfer of funds from Account No II to Account No I recorded by the bank, on December 31, 2010 but entered in the cash book after hat date for Rs.8,000.
iii) Cheques issued prior to December 31, 2010 but not presented until after that date for Rs. 7,429
iv) Bank charges debited by bank not entered in the cash book for Rs. 200.
v) Interest debited by the bank not entered in the cash book, Rs. 580.
vi) Overdraft as per pass book,Rs.18,990.

Bank Reconciliation Statement of Raghav & Co
as on 31st December, 2010

S.N	Particulars	Amt.(+)	Amt.(-)
i ii iii iv v	Overdraft as per pass book Cheques paid into bank prior to Dec 31, 2010 Cheque issued but not presented for payment Bank charges debited by bak Interest debited by bank not entered in Cash Book Overdraft as per Cash Book	10,000 200 580 23,639 34,419	18,990 8,000 7,429 34,419

Prepare a bank reconciliation statement from the following particulars and show the balance as per cash book
i) Balance as per pass book on December 31, 2010 overdrawn Rs.20,000.
ii) Interest on bank overdraft not entered in the cash book Rs.2,000.
iii) Rs.200 insurance premium paid by bank has not been entered in the cash book.
iv) Cheques drawn in the last week of December,2010, but not cleared till date for Rs.3,000 and Rs.3,500.
v) Cheques deposited into bank on November, 2010 , but yet to be credited on dated December 31, 2010, Rs.6,000.
vi) Wrongly debited by bank,Rs.500.

Bank Reconciliation Statement
December 31, 2010

S.No

Particulars

Amt.(+)

Amt.(-)


i ii iii iv v

Overdraft as per Pass Book

Interest on bank overdraft

Insurance premium paid by bank

Cheque issued but not presented for
payment(3,000+3,500)

Cheque sent to the bank for collection but not collected

Amount wrongly debited by bank

Overdraft as per Cash Book

2,000

200

6,000

500

17,800

26,500

20,000

6,500

26,500

Who prepares a Bank Reconciliation Statement?

The book keeper/ company accountant/ business firm/ customer prepares the bank reconciliation statement. It is not prepared by any third party or the bank.

Overdraft shown by the pass book of Mr. Murli is Rs. 20,Prepare bank reconciliation statement on dated December 31, 2010.
i) Bank charges debited as per pass book, Rs. 500
ii) Cheques recorded in the cash book but not sent to the bank for collection, Rs.2,500.
iii) Received a payment directly from customer, Rs. 4,600.
iv) Cheque issued but not presented for payment. Rs. 6,980.
v) Interest credited by the bank, Rs.100.
vi) LIC paid by bank, Rs.2,500.
vii) Cheques deposited with the bank but not collected, Rs. 3,500.

Bank Reconciliation Statement of Mr. Murli
as on 31st December, 2010

S.N	Particulars	Amt.(+)	Amt.(-)
i ii iii iv v vi vii	Overdraft as per Pass Book Bank charges debited as per pass book Cheque entered but could not sent to the bank for collection Payment received directly by customer Cheque issued but not presented for payment Interest credited by the bank LIC paid by bank Cheque deposited with bank but not collected by bank Overdraft as per Cash Book	500 2,500 2,500 3,500 22,680 31,680	20,000 4,600 6,980 100 31,680

Prepare a bank reconciliation statement from the following particulars as on $$31^{st}$$ March, $$2018$$.
Particulars (Rs.)
Debit balance as per bank column of the cash book $$18,60,000$$
Cheque issued to creditors but not yet presented to the Bank for payment $$3,60,000$$
Dividend received by the bank but not entered in the Cash book $$2,50,000$$
Interest allowed by the Bank $$6,250$$
Cheques deposited into bank for collection but not collected by bank up to this date $$7,70,000$$
Bank charges not entered in Cash book $$1,000$$
A cheque deposited into bank was dishonoured, but no intimation received $$1,60,000$$
Bank paid house tax on our behalf, but no intimation received form bank in this connection $$1,75,000$$

Particulars	Details Rs.	Amount Rs.
Debit balance as per Cash Book		$$18,60,000$$
Add: Cheque issued but not yet presented to bank for payment	$$3,60,000$$
Dividend received by bank not entered in cash book	$$2,50,000$$
Interest credited by bank	$$6,250$$	$$6,16,250$$
		$$24,76,250$$
Less: Cheques deposited into bank but not yet collected	$$7,70,000$$
Bank charges debited by Bank	$$1,000$$
Cheque deposited into bank was dishonoured	$$1,60,000$$
House tax paid by bank	$$1,75,000$$	$$(11,06,000)$$
Credit balance as per Pass Book		$$13,70,250$$

On $$31-3-2020$$, Mahesh's Cash Book Showed a Bank overdraft of $$Rs. 98,700$$. On comparison he find the following:

$$(1)$$ Out of the total cheques of $$Rs. 8,900$$ issued on $$27^{th}$$ March, one cheque of $$Rs. 7,400$$ was presented for payment on $$4^{th}$$ April and the other cheque of $$Rs.1,500$$ handed over to the customer, was returned by him and in lieu of that a new cheque of the same amount was issued to him on $$1^{st}$$ April. No entry for the return was made.

$$(2)$$ Out of total cash and cheques of $$Rs. 6,800$$ deposited in the Bank on $$24^{th}$$ March, one cheque of $$Rs. 2,600$$ was cleared on $$3^{rd}$$ April and the other cheque of $$Rs. 500$$ was returned dishonoured by the bank on $$4^{th}$$ April.

$$(3)$$ Bank charges $$Rs. 35$$ and Bank interest $$Rs. 2,860$$ charged by the bank appearing in the passbook are not yet recorded in the cash book.

$$(4) $$ A cheque deposited in his another account of $$Rs. 1,550$$ wrongly credited to this account by the bank.

$$(5)$$ A cheque of $$Rs. 800$$, drawn on this account, was wrongly debited in another account by the bank.

$$(6)$$ A debit of $$Rs. 3,500$$ appearing in the bank statement for an unpaid cheque returned for being 'out of date' had been re-dated and
deposited in the bank account again on $$5^{th}$$ April $$2020$$.

$$(7)$$ The bank allowed interest on deposit $$Rs. 1,000$$

$$(8)$$ A customer who received a cash discount of $$4\%$$ on his account of $$Rs. 1,00,000$$ paid on a cheque on $$20^{th}$$ March $$2020$$. The easier erroneously entered the gross amount in the bank column of the Cash Book.

Prepare Bank Reconciliation Statement as on $$31-3-2020$$

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The cash book shows a bank balance of Rs.7,On comparing the cash book with pass book, the following discrepancies were noted
i) Cheque deposited in bank not credited,Rs.3,000.
ii) Cheque issued but not yet present for payment,Rs.1,500.
iii) Insurance premium paid by the bank, Rs.2,000.
iv) Bank interest credit by the bank, Rs.400.
v) Bank charges,Rs.100.
vi) Directly deposited by a customer,Rs.4,000.

Bank Reconciliation Statement as on....

S.N

Particulars

Amt.(+)

Amt.(-)

i
ii
iii
iv
v
vi

Balance as per Cash Book
Cheque deposited in Bank but not credited
Cheque issued but not presented for payment
Insurance premium paid by bank directly
Bank interest credited by the bank
Bank charges
Amount directly deposited by customer
Balance as per Pass Book

7,800

1,500

400

4,000

13,700

3,000

2,000

100

8,600

13,700

Explain the process of preparing bank reconciliation statement with amended cash balance.

While preparing bank reconciliation statement, under amended cash balance approach, the balance as per cash book or as per the cash book or as per the cash book means the balance of deposits held at the bank.
Such a balance will be a credit balance as per the pass book.It is also called the favourable balance as er cash book or favourable balance as per pass book.Such a balance exists when the deposits made by the firm are more than its withdrawals.
On the other hand, the credit balance as per the cash book indicates bank overdraft.In other words, the excess amount withdrawn over the amount deposited in the bank.It is also known as unfavourable balance as per cash book or unfavourable balance as per pass book.
The following steps will be followed in preparation of the bank reconciliation statement :-

i) The first step is to put the balance of cash book. The first item in the statement is generally the balance as shown by the cash book.Alternatively, the starting point can also be the balance as per pass book.Considering the balance as per cash book, the following further steps will be followed.
ii) The cheques deposited but not yet collected are deducted.
iii) All the cheques issued but not yet presented for payment directly deposited in the bank account are added.
iv) All the items of charges such as interest on overdraft,payment by bank on standing instructions and debited by the bank in the pass book but not entered in cash book, bills and cheques dishonoured etc are deducted.
v) All the credits given by the bank such as interest on dividends collected etc and direct deposits in the bank are added.
vi) Adjustments for errors are made according to the interest to the principle of rectification of errors.
vii) Now, the net balance shown by the statement should be same as shown by the pass book.

From the following particulars prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2010.
i) Two cheques of Rs 2,000 and Rs 5,000 were paid into bank in October, 2010 but were not credited by the bank in the month of December.
ii) A cheque of Rs 800 which was received from a customer was entered in the bank column of the cash book in December 2009 but was omitted to be banked in December, 2009.
iii) Cheques for Rs 10,000 were issued into bank in January 2010 but not credited by the bank on December 31,2010.
iv) Interest on investment Rs 1,000 collected by bank appeared in the pass book.
Balance as per pass book was Rs 50,000.

Bank Reconciliation Statement as on 31st December,2010

S.N

Particulars

Amt (+)

Amt (-)

i

ii

iii

iv

Balance as per Pass Book

Cheque sent to bank but not credited (2,000+5,000)

Cheque entered in cash book but not sent to bank

Cheque issued but not presented for payment

Interest on investment collected by the bank

Balance as per Cash Book

50,000

7000

800

57,800

10,000

1,000

46,800

57,800

The passbook of Mr Mohit current account showed a credit Balance of Rs.20,000 on December 31,Prepare a Bank Reconciliation Statement with the following information.
i) A cheque of Rs.400 drawn on his saving account has been shown on the current account.
ii) He issued two cheques of Rs.300 and Rs.500 on December 25, but only the 1st cheque was presented for payment.
iii) One cheque issued by Mr Mohit of Rs. 500 on December 25, but it was not presented for payment whereas it was recorded twice in the cash book.

Bank Reconciliation Statement of Mr. Mohit as on December 31st.2010

S.N

Particulars

Amt.(+)

Amt(-)

i
ii
iii

Balance as per Pass Book
A cheque drawn on saving account wrongly shown in current account
Cheque issued but not presented for payment
Cheque issued but not presented for payment and wrongly entered twice in cash book (500 X 2)
Balance as per Pass book

20,000
400

20400

500

1000
18900

20400

On comparing the cash book with pass book of Naman , it is found that on March 31, 2010, balance of Rs. 40,960 shown by the cash book differs from the bank balance with regard to the following
i) Bank charges Rs.100 on March 31 ,2010, are not entered in the cash book.
ii) On March 21, 2010, a debtor paid Rs 2,000 into the company's bank in settlement of his account, but no entry was made in the cash book of the company in this respect.
iii) Cheque's totaling Rs 12,980 were issued by the company and duly recorded in the cash book before March 31, 2010, but had not been presented at the bank for payment until after that date.
iv) A bill for Rs 6,900 discounted with the bank is entered in the cash book with recording the discount charges of Rs.800.
v) Rs 3,520 is entered in the cash book as paid into bank on March 31st, 2010, but not credited by the bank until the following day.
vi) No entry has been made in the cash book to record the dishonour of cheque. On March 15, 2010 of a cheque for Rs. 65- received from Bhanu.
Prepare a reconciliation statement as on March 31, 2010.

Bank Reconciliation Statement of Mr. Naman as on 31st March,2010

S.N

Particulars

Amt (+)

Amt(-)

i
ii
iii
iv
v
vi

Balance as per Cash Book
Bank charged not entered in cash book
Cash deposit by debtor in bank account
Cheque issued but not presented for payment
Discount charges recorded in bank
Cash deposit in bank but not credited
Cheque of Bhanu dishonoured
Balance as per Pass book

40,960

2,000
12,980

55,940

100

800
3,520
650
50,870

55,940

On December 31, 2010, the cash book of Mittal Bros showed on overdraft of Rs.6,From the following particulars prepare a Bank Reconciliation Statement and ascertion the balance as per pass book.
i) Debited by bank for Rs. 200 on account of Interest on overdraft and Rs.50 on account of charges for collecting bills.
ii) Cheques drawn but not encashed before December 31, 2010 for Rs.4,000.
iii) The bank has collected interest and credited Rs. 600 in pass book.
iv) A bill receivable for Rs.700 previously discounted with the bank had been dishonoured and debited in the pass book.
v) Cheques paid into bank but not collected and credited before December 31, 2010 amounted Rs.6,000.

Bank Reconciliation Statement of Mittal Bros
as on 31st December 2010

S.N	Particulars	Amt.(+)	Amt.(-)
i ii iii iv v	Overdraft as per Cash Book Interest and collection charges (200+50) Cheque issued but not presented for payment Interest collected by bank has not credited in cash book Bill discounted with bank dishonoured Cheque sent to the bank for collection but not collected and credited by the bank Overdraft as per Pass Book	4,000 600 9,270 13,870	6,920 250 700 6,000 13,870

Kumar find that the bank balance shown by his cash book on December 31, 2010 is Rs. 90,600 (Credit) but the pass book shows a difference due to the following reason.
A cheque (post dated) for Rs. 1,000 has been debited in the bank column of the cash book but not presented for payment.Also, a cheque for Rs.8,000 drawn in favour of Manohar has not yet been presented for payment. Cheques totaling Rs. 1,500 deposited in the bank not yet been collected and cheque for Rs, 5,000 has been dishonoured.

Bank Reconciliation Statement of Mr Kumar
as of 31st March 2010

S.N	Particulars	Amt.(+)	Amt.(-)
i ii iii iv	Overdraft as per Cash Book A cheque posted in debit column of cash bank column has not been collected Cheque issued to Manohar not presented for payment Cheque deposit in bank for collection but not collected Cheque dishonoured Overdraft as per Pass Book	8,000 90,100 98,100	90,600 1,000 1,500 5,000 98,100

On 31st March, 2018, Bank Statement of Dinesh showed a credit balance of Rs. 15,650 whereas the Cash Book showed debit balance of Rs. 15,The reasons for differences were:
(i) Cheques issued to roshan for rs. 6,000 and to Daniel for Rs. 3,840 were not presented for payment.
(ii) Bank charged Rs. 350 for bank charges, which was not recorded in the Cash Book.
(iii) Nitesh directly deposited Rs. 8,160 into the Bank Account of the trader which was not entered in the Cash Book.
(iv) Two cheques one from Shyam for Rs. 5,150 and another from Kailash for Rs. 12,500 were collected by bank in the first week of April, 2018 although they were banked on 25th March, 2018.
(v) Interest credited by bank was Rs. 450, which was not recorded in the Cash Book.

Bank Reconciliation Statement as on 31st March, 2018

Particulars	Amount Details (Rs.)	Amount (Rs.)
Balance as per Bank Statement (Cr.) Add: Cheque deposited but not yet collected: Shyam 5,150 Kailash 12,500 Bank charges debited by the bank, not recorded in cash book Less: Cheques issued but not yet presented for payment: Roshan 6,000 Daniel 3,840 Direct deposit in bank by Nitesh Interest credited by the bank, not recorded in Cash Book Balance as per Cash Book	17,650 350 9,840 8,160 450	15,650 18,000 $$33,650$$ 18,450 $$15,200$$

Following facts relate to the business of Roshan who requires you to reconcile his Cash Book with the Pass Book balance:
Balance as per Cash Book (Cr.) - Rs. 2,800
Unpresented cheques - Rs. 3,440
Uncredited cheques - Rs. 2,260
Additional information:
(a) Debit side of the Cash Book (bank column) has been undercast by Rs. 500.
(b) A cheque of Rs. 200 paid to a creditor has been entered by mistake in the Cash Book.
(c) Bank charges Rs. 80 have not been entered in the Cash Book.

Bank Reconciliation Statement as on 31st March, 2018

Particulars	Plus Items (Rs.)	Minus Items (Rs.)
Balance as per Cash Book (Overdraft, i.e., Cr.) Unpresented cheques Uncredited cheques Debit side of the cash book undercasted Wrongly credited in the cash column Bank charges not recorded in the Cash Book Balance as per Pass Book (Overdraft, i.e., Dr.) (Rs. 5,340 - Rs. 3,940)	3,440 500 $$1400$$ $$5,340$$	2,800 2,260 200 80 $$5,340$$

On 31st March, 2018, the Cash Book of Rohan showed an overdraft of Rs. 5,600.
From the following particulars, prepare Bank reconciliation Staetment:
(i) Cheques issued but not credited before 31st March, 2018 amounted to Rs. 3,964.
(ii) Cheques deposited into the bank but not credited before 31st March, 2018 amounted to Rs. 4,891.
(iii) A Bill Recievable for Rs. 520 previously discounted with the bank had been dishonoured and bank charges debited in the pass book amounted to Rs. 55
(iv) Debit is made in the Pass Book for Rs. 120 on account of interest on overdraft.
(v) The bank has collected interest on investment and credited Rs. 760 in the Pass Book.

Bank Reconciliation Statement as on 31st March, 2018

Particulars	Plus Items (Rs.)	Minus Items (Rs.)
Overdraft Balance as per Cash Book (Cr.) Cheques issued but not presented for payment Cheques deposited into the bank but not yet credited Bills receivable dishonoured previously discounted with the bank Bank charges debited in the pass book Interest on overdraft charged Interest on investment collected and credited Overdraft balance as per Pass Book (Dr.) (Rs. 11,186 - Rs. 4,706)	3,964 $$6,480$$ $$11,186$$	5,600 4,891 520 55 120 $$11,186$$

On 31st March, 2018, Bank Statement of a merchant shows a credit balance of Rs. 33,750 whereas Cash Book showed debit balance of Rs. 50,000.
It was observed that the difference were because of the following:
(i) Cheques and drafts sent to the bank but not collected and credited, amounted to Rs. 7,900 and three cheques drawn for rs. 3,000; Rs. 1,500 and Rs. 2,000 respectively were not presented for payment till 30th April, 2018.
(ii) Bank has paid a bill payable amounting to Rs. 10,000 but it has not been entered in the Cash Book and a bill receivable of Rs. 5,000 which was discounted with the bank was dishonoured by the drawee on the due date.
(iii) Bank has charged Rs. 130 as its commission for collecting outstation cheques and had credited an interest of Rs. 100 in the account.
Prepare Bank Reconciliation Statement as on 31st March, 2018

Bank Reconciliation Statement as on 31st March, 2018

Particulars	Amount Details (Rs.)	Amount (Rs.)
Balance as per Bank Statement (Cr.) Add: Cheques and drafts deposited but not collected and credited Bills payable paid by bank but not reorded in Cash Book Bill discounted dishonoured Bank Commission not recorded in Cash Book Less: Cheques issued but not presented for payment Interest credited by bank but not recorded in Cash Book balance as per Cash Book (Dr.)	7,900 10,000 5,000 130 6,500 100	33,570 23,030 $$56,600$$ 6,600 $$50,000$$

Prepare Bank Reconciliation Statement from the following particulars as on 31st March, 2018.
Bank Statement showed favourable balance of Rs. 9,214.
(i) On 29th March, 2018 bank credited a sum of Rs. 1,650 in error.
(ii) Certain cheques valued at Rs. 4,500 issued before 29th March, 2018 were not cleared.
(iii) A hire purchase payment of Rs. 950, made by standing order was not entered in the cash book.
(iv) A cheque of Rs. 600 received, deposited and credited by bank, was accounted as a receipt in the cash column of the cash book.
(v) Other cheques for Rs. 8,500 were deposited in the last week of March but cheques of Rs. 6,000 only were collected by the bank.

Bank Reconciliation Statement as on 31st March, 2018 :-

Particulars	Amount Details (Rs.)	Amount (Rs.)
Balance as per Bank Statement (Cr.) Add: Hire purchase payment as per Standing Instructions not entered in Cash Book. Cheques deposited but not cleared. Less: Amount wrongly credited by bank. Cheque deposited but wrongly debited in Cash column of cash book. Cheques issued but not presented for payment Balance as per cash book	950 2,500 1,650 600 4,500	9,214 3,450 $$12,664$$ 6,750 $$5,914$$

On 31st March, 2018, Pass Book of Shri Rajendra shows a debit of Rs. 10,From the following, prepare Bank econciliation Statement:
(i) Cheques amounting to Rs. 8,000 drawn onn 25th March, 2018 of which cheques of Rs. 5,000 were encashed on 2nd April, 20418.
(ii) Cheques paid into the bank for collection Rs. 5,000 but cheques of Rs. 2,200 could only be collected in March, 2018.
(iii) Bank charges Rs. 25 and dividend of Rs. 350 on investment collected by the bank could not be shown in the Cash Book.
(iv) A bill of Rs. 10,000 was retired by the bank under rebate of 150 but the full amount was credited in the Cash Book.

Bank Reconciliation Statement as on 31st March, 2018

Particulars	Amount Details (Rs.)	Amount (Rs.)
Overdraft Balance as per Pass Book (Dr.) Add: Cheques issued but not yet presented for payment Dividend credited by bank not recorded in Cash Book Rebate not accouned on payment of Bill in Cash Book Less: Cheques deposited but not yet credited Bank charges debited by Bank not recorded in Cash Book Overdraft balance as per Cash Book (Cr.)	5,000 350 150 2,800 25	10,000 5,500 15,500 2,825 $$12,675$$

The Bank Column of Mukesh's Cash Book as on 31st March, 2018 showed an overdraft of Rs. 1,80,His Bank Statement Showed an overdraft of Rs. 1,13,Prepare Bank Reconciliation Statement taking the following into account:
(i) Cheque deposited into bank but entry is not passed in the Cash Book. Rs. 3000.
(ii) Cheque received and entered into the Cash Book but was not sent to bank. Rs. 10,000.
(iii) Credit side of the Bank column casted short by Rs. 1,000
(iv) Insurance premium paid directly by the bank under standing instructions was not recorded in the Cash Book. Rs. 5,000
(v) Bank charges entered in the Cash book twice. Rs. 100
(vi) Cheque 'received' returned on technical grounds but entry was not passed. Rs. 4,000
(vii) Cheque 'issued' returned on technical grounds but entry was not passed. Rs. 3,000
(viii) Bill discounted dishonoured. Rs. 40,000
(ix) Bills Recievable directly collected by the bank. Rs. 20,000
An amount of Rs. 1,00,000 being collection of Mahesh's cheque was wrongly credited to the account of Mukesh by the bank in his bank statement.

Bank Reconciliation Statement as on 31st March, 2018

Particulars	Amount Details (Rs.)	Amount (Rs.)
Overdraft as per Cash Book (Cr.) Add: Cheque received and recorded in the Cash Book but not sent to the bank Credit side of the bank column casted short Insurance premium paid directly by the bank Cheque received returned by the bank Bills discounted dishonoured Less: Cheque deposited into the bank but no entry was passed in the cash book Bank Charges entered twice in the Cash Book Cheque 'issued' returned on technical grounds Bills receivable directly collected by the bank Wrong credit given to Mukesh by bank Overdraft as per bank Statement (Dr.)	10,000 1,000 5,000 4,000 40,000 3,000 100 3,000 20,000 1,00,000	1,80,000 60,000 $$2,40,000$$ 1,26,100 $$1,13,900$$

(i) On 31st March, 2018, the bank pass book of Radh showed a credit balance of Rs. 15,000.
(ii) Before that date, she had issued cheques amounting to RS. 8,000 out of which cheques Rs. 3,200 were presented for payment.
(iii) A cheque of Rs. 2,200 deposited by her into the bank on 26th March, 2018 is not yet credited in the pass book.
(iv) She had also received a cheque of Rs. 500 which although entered by her in ther bank column of Cash Book, was omitted to be paid into the bank.
(v) On 30th March, 2018, a cheque of Rs. 1,570 received by her was paid into the bank but the same was omitted to be entered in the cash book.
(vi) There was a credit of Rs. 150 for interest on Current account and a debit of Rs. 25 for bank charges.
Prepare Bank Reconciliation Staement.

Bank Reconciliation Statement as on 31st March, 2018

Particulars	Amount Details (Rs.)	Amount (Rs.)
Balance as per pass book (Cr.) Add: Cheque deposited but not yet cleared Cheque recorded in Cash Book but not deposited Bank charges debited by bank Less: Cheque issued but not yet presented for payment Cheque deposited into Bank but not recorded in Cash Book Interest credited by bank Balance as per Cash Book (Dr.)	2,200 500 25 4,800 1,570 150	15,000 2,725 $$17,725$$ 6,520 $$11,205$$

On 31st March, 2018 Pass Bok of Shri Rajendra shows a debit of Rs. 10,From the following, prepare bank Reconciliation statement.
(i) Cheques amounting to Rs. 8,000 drawn on 25th March, 2018 of which cheques of Rs. 5,000 were encashed on 2nd April, 2018.
(ii) Cheques paid into the bank for collection Rs. 5,000 but cheques of Rs. 2,200 could only be collected in March, 2018.
(iii) Bank charges Rs. 25 and dividend of Rs. 350 on investments collected by the bank could not be shown in the cash book.
(iv) A bill of Rs.10,000 was retired by the bank under rebate of Rs. 150 but the full amount was credited in the cash book.

Bank Reconciliation Statement as on 31st March, 2018

Particulars	Amount Details (Rs.)	Amount (Rs.)
Overdraft balance as per pass book (Dr.) Add: Cheque issued but not yet presented for payment Dividend credited by bank not recorded in Cash Book Rebate not accounted on payment of bill in Cash book Less: Cheques deposited but not yet credited Bank charges debited by Bank not recorded in Cash Book Overdraft Balance as per Cash Book (Cr.)	5,000 350 150 2,800 25	10,000 5,500 $$15,500$$ 2,825 $$12,675$$

Comparing Ram's Cash Book with the Bank Statement of his overdraft account for the month of November, 2017, find the following:
(i) Cash Book showed an overdraft of Rs. 45,000.
(ii) The payment side of the cash book had been undercast by 1,500.
(iii) A cheque for Rs. 7,500 drawn on his current account.
(iv) Cheques amounting to Rs. 70,000 drawn and entered in the Cash Book have not been presented.
(v) Cheques amounting to Rs. 60,000 sent to the bank for collection, which though entered in the cash book have not been credited by bank.
(vi) Bank charges of Rs. 750 as per Bank Statement have not been recorded in the cash book.
(vii) Dividends amounting to Rs, 35,000 have been paid directly into the bank and not entered in the Cash Book.
You are required to prepare Bank Reconciliation Statement on 30th November, 2017.

Particulars	Plus (Rs.)	Minus (Rs.)
Overdraft as per cash book (Cr.) Payment side of the cash book is undercast Cheque drawn on saving account but wrongly shown as drawn on current account Cheque issued but not yet presented for payment Cheque paid into the bank but not yet credited Bank charges Direct receipt of dividend into the bank	7,500 70,000 35,000 $$1,12,500$$	45,000 1,500 60,000 750 $$1,12,500$$

Bank column of the cash book showed a debit balance of Rs. 49,000 on 30th June,Bank Statement or Pass Book showed a credited balance of Rs. 37,Entries in the Cash Book and Pass book were compared and gthe following difference were noticed:
(i) Cheques of Shyam Rs. 9,000 and of Mohan Rs. 15,000 were deposited but were not collected up to 30th June, 2017.
(ii) Ramesh, a debtor, deposited a cheque of Rs. 8,000 directly into the bank.
(iii) Bank allowed an interest of Rs. 500.
(iv) Cheque for Rs. 10,000 issued to Ramesh was not presented for payment.
(v) Bank debited the account by Rs. 6,000, being insurance premium paid as per standing instructions.
(vi) Bank debited the account by Rs. 100, being bank charges.
You are required to prepare a Bank Reconciliation Statement as on 30th June, 2017.

Bank Reconciliation Statement as on 30th June 2017

Particulars	Amount Details (Rs.)	Amount (Rs.)
Balance as per Cash Book (Dr.) Add: Cheque directly deposited by Ramesh, not recorded in Cash Book Interest allowed by bank, not recorded in Cash Book Cheque issued but not yrt presented for payment (Ramesh) Less: Cheque deposited but not yet collected: Shyam 9,000 Mohan 15,000 Insurance Premium paid by the bank, not recorded in Cash Book Bank charges debited not recorded in Cash Book Balance as per pass book (Cr.)	8,000 500 10,000 24,000 6,000 100	49,000 18,500 $$67,500$$ 30,100 $$37,400$$

(Overdraft as per cash Book). Prepare Bank Reconciliation Statement as on 30th June, 2017 for Jyoti Sales Private Limited from the information given below:

Rs.
(i) Bank overdraft as per Cash Book on 30th June, 2017. 1,10,450
(ii) Cheques issued on 20th June, 2017 but not yet presented 15,000
(iii) Cheques deposited but not yet credited by the bank.   22,750
(iv) Bills sent for collection not advised by the bank but credited to the account.   47,200
(v) Interest debited by the bank on 27th June, 2017 but no advice received.   12,115
(vi) Subsidy received from the authorities by the bank on our behalf, credited to the
account. 2,000
(vii) Amount wrongly debited by the bank. 2,400
(viii) Amount wrongly credited by bank. 5,000

Particulars	Amount (Rs.)	Amount (Rs.)
Balance (Ovverdraft) as per Cash Book (Cr.) Add: Cheque deposited but bot yet collected Interest debited by Bank but not recorded in Cash Book Amount wrongly debited by Bank Less: Cheques issued but not yet presented for payment Bills sent for collection credited by bank but not recorded in Cash Book Subsidy received by Bank and credited but not recorded in Cash Book Amount wrongly credited by Bank Balance (Overdraft) as per Pass book (Dr.)	22,750 12,115 2,400 15,000 47,200 22,000 5,000	1,10,450 37,265 $$1,47,715$$ 89,200 $$58,515$$

From the following information ascertain the balance that would appear in the bank pass book of A on 31st March, 2018:
(i) Bank overdraft of Rs. 63,400 as per cash book on 31st March, 2018.
(ii) Interest on overdraft for 6 months ended 31st March, 2018, Rs. 1,600 entered in the pass book and not recorded in cash book.
(iii) Bank charges of Rs. 300 for the above period are debited in the Pass Book and not recorded in Cash Book.
(iv) Cheques issued but not presented for payment prior to 31st March, 2018, amounted to Rs. 11,680.
(v) Cheques deposited in the bank but not collected before 31st March, 2018 were for Rs. 21,700.
(vi) Interest on investments collected by the bank and credited in the Pass Book, Rs. 12,000.
(vii) Credit side of the Bank column of the Cash Book was undercast by Rs. 1,000.

Bank Reconciliation Statement as on 31st March, 2018

Particulars	Amount Details (Rs.)	Amount (Rs.)
Overdraft as per Cash Book (Cr.) Add: Interest on overdraft debited in the pass book but not yet entered in the cash book Bank charges debited in the pass book but not yet entered in the cash book Cheques paid in but not yet credited by the bank Credit side of the bank column of the cash book undercasted Less: Cheques issued but not yet presented Interest on investment collected and credited by the bank butb not yet entered in the Cash Book Overdraft as per pass book (Dr.)	1,600 300 21,700 1,000 11,680 12,000	63,400 24,600 $$88,000$$ 23,680 $$64,320$$

From the following information, prepare Bank Reconciliation Statement as on 31st March, 2018:
(i) Balance (Debit) as per Cash Book as on 31st March, 2018 Rs. 12,000.
(ii) Balance (Credit) as per Bank Statement as on the date Rs. 16,500.
(iii) Out of the total cheques issued amounting to Rs. 10,000, cheques of Rs. 3,000 were debited by Bank in March, 2018, cheques of RS. 4,000 were debited in april, 2018 and the rest have not been presented yet.
(iv) Out of the total cheques eddeposited amounting to Rs. 5,000, cheques of Rs. 1,500 were credited by bank in March, 2018, and balance cheques were credited in April,2018.
(v) Bank had debited Rs. 100 as bank charges and had credited Rs. 200 as interest.
(vi) A cheque paid to S Ltd. for Rs. 3,400 had been entered in the Cash Book as Rs. 4,300.

Bank Reconciliation Statement as on 31st March, 2018

Particulars	Amount Details (Rs.)	Amount (Rs.)
Balance as per Cash Book (Dr.) Add: Cheque issued but not yet presented for payment Interest credited by bank but not recorded in Cash book Cheque paid to S Lts. for Rs. 3,400 wrongly entered in the Cash book as Rs. 4,300 Less: Cheque deposited but not yet cleared Bank charges charged by bank but not recorded in Cash Book Balance as per Bank Statement (Cr.)	7,000 200 900 3,500 100	12,000 8,100 $$20,100$$ 3,600 $$16,500$$

Bank Reconciliation Statement - Class 10 Elements Of Book Keeping And Accountancy - Extra Questions

What is a bank overdraft ?

Give one word or term or phrase which can substitute each of the following statement.
Statement showing the causes of disagreement between the balance of Cash Book and Pass book.

Give one word or term or phrase which can substitute each of the following statement.
A statement which is prepared so as to agree the bank balance as shown by the pass book with the bank balance as shown by the bank column of the cash book.

What is Bank Reconciliation Statement?

Who prepares a Bank Reconciliation Statement?

Explain the process of preparing bank reconciliation statement with amended cash balance.

Class 10 Elements Of Book Keeping And Accountancy Extra Questions

Particulars	(Rs.)
Debit balance as per bank column of the cash book	$$18,60,000$$
Cheque issued to creditors but not yet presented to the Bank for payment	$$3,60,000$$
Dividend received by the bank but not entered in the Cash book	$$2,50,000$$
Interest allowed by the Bank	$$6,250$$
Cheques deposited into bank for collection but not collected by bank up to this date	$$7,70,000$$
Bank charges not entered in Cash book	$$1,000$$
A cheque deposited into bank was dishonoured, but no intimation received	$$1,60,000$$
Bank paid house tax on our behalf, but no intimation received form bank in this connection	$$1,75,000$$

Bank Reconciliation Statement - Class 10 Elements Of Book Keeping And Accountancy - Extra Questions

What is a bank overdraft ?

Give one word or term or phrase which can substitute each of the following statement.Statement showing the causes of disagreement between the balance of Cash Book and Pass book.

Give one word or term or phrase which can substitute each of the following statement.A statement which is prepared so as to agree the bank balance as shown by the pass book with the bank balance as shown by the bank column of the cash book.

What is Bank Reconciliation Statement?

Who prepares a Bank Reconciliation Statement?

Explain the process of preparing bank reconciliation statement with amended cash balance.

Class 10 Elements Of Book Keeping And Accountancy Extra Questions

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Give one word or term or phrase which can substitute each of the following statement.
Statement showing the causes of disagreement between the balance of Cash Book and Pass book.

Give one word or term or phrase which can substitute each of the following statement.
A statement which is prepared so as to agree the bank balance as shown by the pass book with the bank balance as shown by the bank column of the cash book.