Prepare Bank Reconciliation Statement and Adjusted Cash Book from the following particulars as on 31 st December, 2023: Particulars ₹ Bank Balance…

CA Foundation · Accounting · MTP · June 2024
Prepare Bank Reconciliation Statement and Adjusted Cash Book from the following particulars as on 31 st December, 2023: Particulars ₹ Bank Balance as per Cash Book (Debit) 1,98,000 Bank Charges debited by the bank not recorded in Cash Book 34,000 Received from debtors vide RTGS on 31 st December, 2023 not recorded in Cash Book 1,00,000 Cheque issued but not presented for payment 45,000 Cheque deposited but not cleared 25,000 Cheque received and deposited but dishonoured. Entry for dishonour not made in the Cash Book 5,000 Instruction for payment given to the bank on 31 st December, 2023 but the same effected by the Bank on 01 st January, 2024 4,000

Suggested Answer and Working Notes:

Adjusted Cash Book as on 31 st December, 2023 Particulars ₹ Particulars ₹ To Balance b/d 1,98,000 By Bank charges 34,000 To Debtors 1,00,000 By Debtor (cheque dishonour) 5,000 By Balance c/d 2,59,000 2,98,000 2,98,000 Bank Reconciliation Statement as on 31 st December, 2023 Particulars Particulars ₹ Balance as per adjusted cash book 2,59,000 ADD: Cheque issued but not presented 45,000 Payment not effected by bank 4,000 49,000 3,08,000 LESS: Cheque deposited but not cleared 25,000 25,000 Balance as per Bank Pass Book 2,83,000

Topics: Bank Reconciliation Statement

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