Cash Book of John shows a balance of ₹ 12,500. On comparing the Cash Book with the Pass Book, following discrepancies were noted:
Cash Book of John shows a balance of ₹ 12,500. On comparing the Cash Book with the Pass Book, following discrepancies were noted:
Prepare Bank Reconciliation Statement.
[Balance as per Pass Book – ₹ 14,000.]
| (i) Cheques issued but not yet presented for payment. | 6,000 |
| (ii) Cheques deposited in the bank but not collected. | 9,000 |
| (iii) Bank paid insurance premium | 5,000 |
| (iv) Bank charges | 300 |
| (v) Directly deposited by a customer. | 8,000 |
| (vi) Interest on investment collected by bank. | 2,000 |
| (vii) Cash discount allowed of ₹ 200 was recorded on the debit side of the Bank column. |
Anurag Pathak Changed status to publish September 24, 2023
