Ravi Sirs Nimble Education for ISC,CBSE,ICSE, IB, AS & A Levels

Contact : 9033311500, 8866611600

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Bank Reconciliation Statement
Time: 35 min
------------------------------------------------------------------------------------------------------------------------------------Q1. The Bank balance as per Cashbook Dr. Rs 20,000 of Mr. Ronn did not agree with passbook. On
comparing the two books the following differences were found for the month ending March.
1.Cheque deposited into bank during the month of March Rs 35,000, of these cheques worth Rs
12,000 were credited in March and cheques worth Rs 23,000 were credited in month of April.
2.Bank credited interest Rs 200 and debited Rs 80 as bank charges.
3. Customers directly deposited into bank Rs 5,200 but on Rs 2,300 recorded in cashbook
4. Transferred Rs 3,500 from saving a/c to current a/c, the entry was recorded in passbook only.
5. Debit side of Passbook is overcast by Rs 350.
6. Cheques received Rs 5,600 and recorded in cashbook but is still not banked.
7. Cheques issued Rs 6,700 were dishonored by bank marked Signature not match. The same was
not recorded in cashbook.
8. Income tax refund credited in our bank a/c Rs 3,600, but no entry made in cashbook.
Prepare Bank Reconciliation statement for the month of March.
[12]

Q2. The Bank balance of Passbook showed an overdraft balance of Rs 3,900 for the month ending
October. The balance however did not match with cashbook. The following were the differences
1.Dr side cashbook over cast Rs 230.
2. Cheques worth Rs 21,000 were issued during the month. Of these cheques worth Rs 2,000 were
not deposited into bank by suppliers and cheques worth Rs 1,300 were misplaced by suppliers.
3. Bank paid insurance charges Rs 5,000 as per standing instructions for which no information was
passed to us.
4. No entry has been made in cashbook for dividend directly collected by Rs 500.
5. A bill of Rs 7,500 discounted with bank for Rs 7,350. The same was recorded in cashbook as if
there were no discounting charges included.
6. A cheque of Rs 2,700 deposited in savings account and recorded in savings passbook has been
debited in cashbook.
7. Bank charges debited twice in cashbook Rs 300.
8. A cheque of Rs 1,500 was received and not deposited into book. The entry was omitted to be
recorded in cashbook.
Prepare Bank Reconciliation statement for the month of October.
[12]

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Ravi Sirs Nimble Education for ISC,CBSE,ICSE, IB, AS & A Levels

Contact : 9033311500, 8866611600