Prepare Bank Reconciliation Statement from the following:

On 31st March, 2023, Cash Book of Karan showed a credit bank balance of ₹ 1,05,000, but due to the following reasons the Bank Pass Book showed a different balance:

(i) A cheque of ₹ 5,400 issued to Mohan has not been presented for payment.

(ii) A post-dated cheque of ₹ 1,000 was wrongly debited in the bank column of the Cash Book.

(iii) Four cheques of ₹ 12,000 sent to the bank have not been collected till date. A cheque of ₹ 4,000 deposited in the bank was dishonoured.

(iv) As per standing instructions, the bank had paid ₹ 500 as Fire Insurance premium but it was not recorded in the Cash Book.

(v) There was a debit in the Bank Pass Book of ₹ 150 in respect of bank charges and a credit of ₹ 250 for interest on Current Account which were not recorded in the Cash Book.

(vi) A bill for ₹ 10,000 was retired by the Bank under a rebate of ₹ 150 but the full amount credited in the bank column of Cash Book.

Anurag Pathak Changed status to publish October 24, 2023