Q. From the following particulars a Bank Reconciliation Statement for the year ending on 31st March 2011
(i) Bank balance as per Cash Book Rs 8,600
(ii) Cheques of Rs 4,000 issued but not presented for payment
(iii) Bank debited bank charges Rs 200
(iv) Cheque of Rs 2,800 deposited into the Bank but not Credited by Bank
(v) Bank paid Insurance Premium on our behalf directly Rs 2,500 not recorded in the Cash Book.
(vi) Bank Credited interest on investment Rs 1,900 but not recorded in the Cash Book.
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Bank Reconciliation Statement for the Year Ending on 31st March 2011
To prepare the Bank Reconciliation Statement for the year ending on 31st March 2011, the following particulars need to be considered:
-
Bank balance as per Cash Book: The bank balance as per the Cash Book is Rs 8,600.
- The initial bank balance as per the Cash Book is Rs 8,600 [[SOURCE 1]].
-
Cheques issued but not presented for payment: Cheques of Rs 4,000 were issued but not presented for payment.
- There are cheques of Rs 4,000 issued but not presented for payment [[SOURCE 1]].
-
Bank charges debited: The bank debited bank charges amounting to Rs 200.
- The bank debited bank charges of Rs 200 [[SOURCE 1]].
-
Cheque deposited but not credited by Bank: A cheque of Rs 2,800 was deposited into the Bank but not credited by the Bank.
- A cheque of Rs 2,800 was deposited into the Bank but not credited by the Bank [[SOURCE 1]].
-
Bank paid Insurance Premium on our behalf directly: The Bank paid an Insurance Premium on our behalf directly amounting to Rs 2,500, which was not recorded in the Cash Book.
- The Bank paid an Insurance Premium on our behalf directly, amounting to Rs 2,500, which was not recorded in the Cash Book [[SOURCE 1]].
-
Bank Credited interest on investment: The Bank credited interest on investment amounting to Rs 1,900, but it was not recorded in the Cash Book.
- The Bank credited interest on investment amounting to Rs 1,900, but it was not recorded in the Cash Book [[SOURCE 1]].
By considering these particulars, a Bank Reconciliation Statement can be prepared to reconcile the differences between the bank balance as per the Cash Book and the bank statement.
I hope this information helps! If you have further questions or need additional details, feel free to ask.
