From the following particulars, prepare a bank reconciliation statement of Mr. William as on 31st December, 2015. 1 Balance as per cash book Dr 32000 2 Cheques deposited but not yet collected by Bank 20200 3 Cheques issued but not yet paid by bank 13000 4 Interest credited by bank but not recorded in cash book 250 5 Bank charges debited by Bank but not entered in cash book 50 Answer: The balance as per Pass Book Cr- 25000 If the statement is started with Pass book Balance 1 Balance as per Pass book Cr 25000 2 Cheques deposited but not yet collected by Bank 20200 3 Cheques issued but not yet paid by bank 13000 4 Interest credited by bank but not recorded in cash book 250 5 Bank charges debited by Bank but not entered in cash book 50

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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From the following particulars, prepare a bank reconciliation statement of Mr. William as on 31st December, 2015.

1

Balance as per cash book Dr

32000

2

Cheques deposited but not yet collected by Bank

20200

3

Cheques issued but not yet paid by bank

13000

4

Interest credited by bank but not recorded in cash book

250

5

Bank charges debited by Bank but not entered in cash book

50

Answer: The balance as per Pass Book Cr- 25000

If the statement is started with Pass book Balance

1

Balance as per Pass book Cr

25000

2

Cheques deposited but not yet collected by Bank

20200

3

Cheques issued but not yet paid by bank

13000

4

Interest credited by bank but not recorded in cash book

250

5

Bank charges debited by Bank but not entered in cash book

50

  
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