From the following information supplied by Mr. D, prepare a Bank Reconciliation Statement as on 31 st March, 2025 after amending cash on that date:…
CA Foundation · Accounting · PYQS · September 2025
From the following information supplied by Mr. D, prepare a Bank Reconciliation Statement as on 31 st March, 2025 after amending cash on that date: (₹) 1. Bank overdraft as per Bank statement 20,000 2. Cheques issued but not presented for payment 11,000 3. Cheques recorded in the bank column of the cash book but not sent to the Bank for collection 3,000 4. Payment received form customers directly by the bank 6,000 5. Bank charges debited in the statement 40 6. Cheques deposited with the Bank but not collected 9,000 7. A bill for 5,000 (discounted with the Bank in February at 4,960) dishonoured on 31 st March and noting charges paid by the bank 20 8. Premium of life policy of D paid by the Bank on his standing advice 350 9. Overdraft balance (Cr.) on 15 th March, 2025 of 14,000 was carried over as debit balance on the next day in cash book
Suggested Answer and Working Notes:
In the Books of Mr. D Cash Book (Bank Column) Particulars Amount (₹) Particulars Amount (₹) To Customer A/c (Direct deposit) 6,000 By Bank charges 40 By Premium of life policy 350 By Customer A/c (B/R dishonoured) 5,020 By Cheque recorded in the bank column of cash book but not sent to Bank 3,000 By Error - (Overdraft balance carried over as debit balance) 28,000 To Balance c/d 30,410 36,410 36,410 Bank Reconciliation Statement on 31 st March, 2025 Particulars Amount (₹) Overdraft as per Cash book 30,410 Add: Cheques deposited but not yet collected 9,000 39,410 Less: Cheques issued but not presented for payment (11, 000) Debit balance as per pass book (overdraft) 28,410 Note: Due to missing information in the question, the overdraft balance as per the Pass Book does not align with the overdraft balance as per the Bank Statement given in the question.
Topics: Bank Reconciliation Statement, Bills of Exchange and Promissory Notes
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