Prepare a Bank Reconciliation Statement on 31st December, 2024 from the following particulars:- A’s overdraft as per Pass Book ₹ 20,000 as at 31st Dec.

Prepare a Bank Reconciliation Statement on 31st December, 2024 from the following particulars:-

(a) A’s overdraft as per Pass Book ₹ 20,000 as at 31st Dec.

(b) On 30th December, cheques had been issued for ₹ 80,000, of which cheques worth ₹ 15,000 only had been encashed up to 31st Decmber.

(c) Cheques amounting to ₹ 6,500 had been paid into the bank for collection but of these only ₹ 2,500 had been credited in the Pass Book.

(d) The bank has charged ₹ 700 as interest on overdraft and the intimation of which has been received on 2nd January 2020.

(e) The Bank Pass Book shows credit for ₹ 2,000 representing ₹ 1,400 paid by debtor of A direct into the bank and ₹ 600 collected direct by bank in respect of interest on A’s investment. A had no knowledge of these items.

(f) A cheque for ₹ 3,600 has been debited in bank column of Cash Book by A, but it was not sent to bank at all.

[Ans. Overdraft as per Cash Book, ₹ 78,700.]