Chandan Poddar

Test
Bank Reconciliation Statement
Q.1 . From the following information, prepare Bank Reconciliation Statement as on 31st
March, 2018: 5
i) Balance as per Cash Book as on 31st March, 2018 Rs.12,000.
ii) Balance as per Bank Statement as on the date Rs.15,600.
iii) Out of the total cheques amounting to Rs.10,000 issued, cheques aggregating Rs.3,000
were encashed in March, 2018, cheques aggregating Rs.4,000 were encashed in April,
2018 and the rest have not been presented yet.
iv) Out of the total cheques amounting to Rs.5,000 deposited, cheques aggregating
Rs.1,500 were credited in March, 2018, and balance cheques were credited in April,
2018.
v) Bank has debited Rs.100 as bank charges and has credited Rs.200 as interest.
Q.2 . Prepare Bank Reconciliation Statement from the following particulars on 30th June,
2018: 5
Bank statement showed a favourable balance of Rs.9,214.
i) On 29th June, 2018 bank credited a sum of Rs.1,650 in error.
ii) Certain cheques, valued at Rs.4,500 issued before 29th June, 2018 were not cleared.
iii) A hire purchase payment of Rs.950, made by a 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 June but cheques for Rs.6,000 only
were cleared by the bankers.
Q.3 Prepare Bank Reconciliation Statement as on 30th June, 2018 for Jyoti Sales Private
Limited from the information given below: 5
Rs.
(i) Bank overdraft as per Cash Book on 30th June, 2018. 1,10,450
(ii) Cheques issued on 20th June, 2018 but not yet presented. 15,000
(iii) Cheques deposited but not yet credited by the bank. 22,750
(iv) Bills for collection not advised by the bank but credited to the account. 47,200
(v) Interest debited by the bank on 27th June, 2018 but no advice received. 12,115
(vi) Subsidy received from the authorities by the bank on our behalf,
credited to the account. 22,000
(vii) Amount wrongly debited by the bank. 2,400
(viii) Amount wrongly credited by the bank. 5,000

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 Chandan Poddar
Q. 4 From the following particulars, prepare Bank Reconciliation Statement as on 31st
March, 2018: 5
i) Balance as per Pass Book on 31st March, 2018 overdrawn Rs.80,000.
ii) Cheques drawn on 25th March, 2018 but not presented for payment till April, 2018
Rs.15,000; Rs.5,000 and Rs.8,000.
iii) Interest on bank overdraft not entered in the Cash Book Rs.2,000.
iv) Outstation cheque Rs.30,000 deposited into bank but collected in April, 2018.
v) Rs.10,000 Insurance premium paid by the bank as per the trader’s standing
instructions has not been entered in the Cash Book.
vi) Chamber of Commerce fee Rs.3,000 paid by the bank for traders but not recorded
in the Cash Book
vii) Collection charges of Rs.1,000 charged by the bank but not entered in the Cash Book.
Q.5 My bank Pass Book for Account No. 1 shows an overdraft of Rs.65,000 on 31st March,
2018. This does not match with the Cash Book balance which shows debit balance of
Rs.17,800. Following differences were noted between Pass Book and Cash Book:
Cheques amounting to Rs.1,50,000 were paid into the bank in March out of which only
cheques amounting to Rs.45,000 were credited by the bank. Cheques issued during March
amounted in all to Rs.1,10,000. Out of these, cheques for Rs.30,000 were unpaid on 31st
March, 2018. The bank has wrongly debited Account No. 1 with Rs.5,000 in respect of a
cheque drawn on Account No. 2. The Account is debited with Rs.1,500 for interest and with
Rs.300 for bank charges. The bank has paid annual subscription of Rs.1,000 to my club
according to my instructions. The entries for interest, bank charges and subscription have
not yet been recorded in the Cash Book.
Prepare Bank Reconciliation Statement. 5
Q.6 On 30th December, 2017 the bank column of A. Philip’s cash book showed a debit balance
of ` 4,610. On examination of the cash book and bank statement you find that:
i) Cheques amounting to ` 6,30,000 which were issued to trade payables and entered in
the cash book before 30th December, 2017 were not presented for payment until that
date.
ii) Cheques amounting to ` 2,50,000 had been recorded in the cash book as having been
paid into the bank on 30th December, 2017, but were entered in the bank statement
on1st January, 2018.
iii) A cheque for ` 73,000 had been dishonoured prior to 30th December, 2017, but no
record of this fact appeared in the cash book.
iv) A dividend of ` 3,80,000, paid direct to the bank had not been recorded in the cash
book.
v) Bank interest and charges amounting to ` 4,200 had been charged in the bank
statement but not entered in the cash book.

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 Chandan Poddar
vi) No entry had been made in the cash book for a trade subscription of ` 10,000 paid
vide banker’s order in November, 2017.
vii) A cheque for `27,000 drawn by B. Philip had been charged to A. Philip’s bank account
by mistake in December, 2017.
You are required:
a) to make appropriate adjustments in the cash book bringing down the correct balance,
and
b) to prepare a statement reconciling the adjusted balance in the cash book with the
balance shown in the bank statement. 5

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