From the following information given by Anil, prepare the Bank Reconciliation Statement as on 31 st March, 2026 after amending the Cash Book on that date:
From the following information given by Anil, prepare the Bank Reconciliation Statement as on 31 st March, 2026 after amending the Cash Book on that date:
Solution:-
| ₹ | ||
| 1 | Bank overdraft as per Cash Book | 16,500 |
| 2 | Cheques issued but not presented for payment | 8,750 |
| 3 | Cheques deposited with the bank but not collected | 10,500 |
| 4 | Cheques recorded in the Bank Column of the Cash Book but not sent to the bank for collection | 2,000 |
| 5 | Bank charges debited in the Bank Statement | 250 |
| 6 | A bill for ₹ 3,000 (discounted with the bank in February, 2026) dishonoured on 31st March, 2026 and noting charges paid by the bank | 30 |
| 7 | Premium on the Life Insurance Policy of Anil paid by the bank as per standing instructions | 1,800 |
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