Question

From the following particulars of Raja traders, prepare a bank reconciliation statement as on 31st January, 2018.

1. Balance as per bank statement ₹ 5,000
2. Cheques amounting to ₹ 800 had been recorded in the cash book as having been deposited into the bank on 25th January 2018, but were entered in the bank statement on 2nd February 2018.
3. Amount received by bank through NEFT amounting to ₹ 3,000, omitted in the cash book.
4. Two cheques issued for ₹ 3,000 and ₹ 2,000 on 29th March 2018. Only the first cheque is presented for payment.
5. Insurance premium on motor vehicles for ₹ 1,000 paid by the bank as per standing instruction not recorded in the cash book.
6. Credit side of cash book was undercast by ₹ 700
7. Subsidy received directly by the bank from the state government amounting to ₹ 10,000, not entered in cash book.

Answer 1

Bank reconciliation statement of
Mr. Raja traders as of 31st January 2018.

Particulars	Amount ₹	Amount ₹
Balance as per cash book		5,000
Add:
(b) Cheques deposited but not credited	800	2,500
(e) Insurance premium on motor vehicles paid by bank	1,000
(f) Credit side of cash book was undercast	700
		7,500
Less:
(c) Amount received by bank through NEFT	3,000	15,000
(d) Cheques issued but not yet present for payment	2,000
(g) Subsidy received directly by the bank	10,000
Overdraft as per cash book		7,500