Prepare a Bank Reconciliation Statement as on 31st Dec., 2019 from the following transactions: Bank overdraft as per Pass Book ₹ 22,000 as on 31st Dec.

Prepare a Bank Reconciliation Statement as on 31st Dec., 2019 from the following transactions:

(i) Bank overdraft as per Pass Book ₹ 22,000 as on 31st Dec.

(ii) On 28th Dec., cheques had been issued for ₹ 50,000 of which cheques worth ₹ 6,000 only had been encashed upto 31st Dec.

(iii) Cheques amounted to ₹ 4,500 had been paid into the bank for collection but out of these only ₹ 1,000 had been credited in the Pass Book.

(iv) The bank has charged ₹ 1,500 as interest on overdraft and the intimation of which has not been received as yet.

(v) Bank has collected ₹ 1,600 directly in respect of interest on investment.

(vi) A cheque of ₹ 1,200 has been debited in bank column of Cash Book, but it was not sent to bank at all.

[Ans. Overdraft as per Cash Book ₹ 61,400.]

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