Question

Debit balance shown by the Cash Book of Shyam Limited was Rs. 3,92,000.

1. Cheques issued for Rs. 92,000 was not presented for payment.
2. Dividend received by the bank, Rs. 5,000 not entered in the Cash Book.
3. Bank had credited Rs. 1,250 as Interest which was not recorded in Cash Book.
4. Bank charges debited Rs. 200.
5. Cheque deposited into bank Rs. 320 but it is dishonoured.

Prepare Bank Reconciliation Statement.

Hint:

When preparing a Bank Reconciliation Statement, add unrecorded receipts and subtract any unrecorded payments or dishonoured cheques.

Answer 1

Bank Reconciliation Statement of Shyam Limited as on 31^st March:

Particulars	Add (Rs.)	Less (Rs.)
Debit balance as per Cash Book	3,92,000
Cheques issued but not presented	92,000
Dividend received by bank	5,000
Interest credited by bank	1,250
Bank charges debited		200
Cheque dishonoured		320
Adjusted Balance as per Bank Statement	\(4,90,050\)