On 31st March, 2025, the Bank Pass Book of Mansi showed a balance of 7,50,000 to her credit while balance as per cash book was - 5,60,250 . On…

CA Foundation · Accounting · MTP · September 2025
On 31st March, 2025, the Bank Pass Book of Mansi showed a balance of 7,50,000 to her credit while balance as per cash book was - 5,60,250 . On scrutiny of the two books, she ascertained the following causes of difference: (i) She has issued cheques amounting to 4,00,000 out of which only - 1,60,000 were presented for payment. (ii) She received a cheque of 25,000 which she recorded in her cash book but forgot to deposit in the bank. (iii) A cheque of 1,10,000 deposited by her has not been cleared yet. (iv) Mr. Bhalla deposited an amount of 78,500 in her bank which has not been recorded by her in Cash Book yet. (v) Bank has credited an interest of 7,500 while charging - 1,250 as bank charges. Prepare a bank reconciliation statement.

Suggested Answer and Working Notes:

Bank Reconciliation Statement as on 31st March, 2025 Particulars Details (₹) Amount (₹) Balance as per Pass Book (Cr.) 7,50,000 Add: Cheque deposited but not yet cleared 1,10,000 Cheque recorded in Cash Book but not yet deposited 25,000 Bank Charges debited by bank 1,250 1,36,250 Less: Cheque issued but not yet presented 2,40,000 Less: Amount deposited but not recorded in Cash Book 78,500 Less: Interest allowed by bank 7,500 (₹ 3,26,000) Balance as per Cash Book 5,60,250

Topics: Bank Reconciliation Statement

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