Bank Reconciliation Statement

Practice Questions
Q no:1 From the following transaction prepare a bank reconciliation statement
of Mr. Alyan as on 31st March, 2020.
I. Balance as per cash book Rs 37,000
II. Cheque deposited into bank on 28th March but not collected by bank by 31st March, Rs
1000
III. Cheque issued but not presented by 31st March Rs 1550
IV. The bank has credited dividend of Rs 1500 on 31st march but the intimation was received
by the trader on 5th April,2020.
V. A cheque of Rs 500 was received from a customer and was entered into the bank column
of cash book, but was paid into the Bank on 1st April,2020.
VI. Insurance premium of Rs 1000 paid by bank for which there is no record in the cash book.
VII. Interest of Rs 200 credited by bank in the pass book only which is not recorded in the cash
book
VIII. Cheques of Rs 12000 were deposited into bank in March but a cheque of Rs 3000 out of
them was credited in April.
IX. A cheque of Rs. 6500 was deposited into bank in March but in April the cheque returns by
bank as dishourned.
X. Interest on overdraft Rs 40 and the bank charges Rs 20 are only debited in pass book only.

Q No:2 From the following transaction prepare a bank reconciliation statement

of Mr. Ali as on 31st April, 2020.
i. Balance as per Pass Book Rs 40,000
ii. Cheque deposited yet not collected by bank Rs 20,200
iii. Cheque issued but not paid by bank Rs 2000
iv. Interest credited by bank but not recorded in cash book Rs 3000
v. Bank charges debited by bank but not entered in Cash book Rs 50
vi. Cheque issued but not presented for the payment by 31st April ,2020
vii. Cheques of Rs 4000 were issued to the creditor out of which a cheque of Rs 1800 presented
after 31st April ,2020
viii. Cheques of Rs 10000 were paid in April 19, out of these Rs. 5000 credited by the bank on
20th April and Rs 1000 on April 28th and the balance on 2nd May ,2020.
ix. An entry of Rs 500 being payment by a customer direct appear in the pass book.
x. Dividend collected by the Bank Rs 300 credited in the pass book.
Q No:3 Abram Cash Book showed a bank overdraft of Rs 30,000 on May,
2015. 0n comparison of both book the following differences were observed.
A. An outstation cheque of Rs 2000, lodged on 30th May, 2015 did not appeared in the
pass book.
B. Cheques issued of Rs 5000 had not been presented at the bank.
C. Insurance premium paid and debited by the bank in the pass book Rs 2000 but not
entered in the cash book.
D. Interest on investment collected by bank appeared in the pass book only Rs 500
E. Dividend on shares collected by bank 700 credited in pass book only.
F. Cheques amounting to Rs 1600, Rs 1800 and Rs. 20,00 issued during the month
and cheque of Rs 1800 was presented in the bank 2nd June,2020
G. Bill proceeds collected by the bank but not recorded in the cash book Rs 2000
H. Cheque issued and paid by the bank but wrongly entered in the cash column of the
cash book, Rs 8000
I. Cheque deposited but credited by the bank in the month of June ,2020 Rs 5000
Prepare the bank reconciliation statement from the above-mentioned Transactions.

Q No:4 From the following transactions prepare a bank reconciliation

statement of Mr. Zulfiqar as on 31st April, 2020.
a) Overdraft balance as per pass book Rs 25000
b) Cheques of Rs 2000, Rs 3000, Rs 1000, Rs 500, Rs 4000 are deposited in the
bank, but out of them cheques of Rs 3000 and Rs 4000 were collected in May,
2020.
c) Interest debited in the pass book Rs 2000 but not recorded in the cash book.
d) A cheque of Rs 500 deposited but credited by the bank in the month of May 2020
e) A cheque received of Rs 2000, recorded in the cash book was not sent to the bank
for collection
f) Cheque paid in but not cleared by the bank Rs 1300
g) Interest on Govt security Rs 300 collected and credited in the pass book
h) Cheque issued but not presented for payment Rs 6000