1.

On 30th June, 2016, the pass book of Nataraj showed a bank overdraft of ₹ 46,000. The following additional information is available. You are required to prepare a bank reconciliation statement as on the above mentioned date:(i) Out of total cheques issued, cheques for ₹ 22,000 have not been presented for payment so far.(ii) Cheques paid into bank for collection, but not yet cleared total ₹ 31,000.(iii) Bank has charged ₹ 2,300 as interest on overdraft; it does not appear in cash book.(iv) A customer has directly deposited ₹ 8,300 with bank in Nataraj's account for which there is no entry in cash book.(v) Dividend on shares collected by bank and credited in the pass book amounts to ₹ 2,000 for which no intimation has been given to Nataraj so far.(vi) A bill for ₹ 10,000 discounted with the bank was dishonoured on maturity. Bank has debited Nataraj with ₹ 10,100 including ₹ 100 for noting charges, the transaction has not yet been recorded in cash book.

Answer» On 30th June, 2016, the pass book of Nataraj showed a bank overdraft of ₹ 46,000. The following additional information is available. You are required to prepare a bank reconciliation statement as on the above mentioned date:

(i) Out of total cheques issued, cheques for ₹ 22,000 have not been presented for payment so far.

(ii) Cheques paid into bank for collection, but not yet cleared total ₹ 31,000.

(iii) Bank has charged ₹ 2,300 as interest on overdraft; it does not appear in cash book.

(iv) A customer has directly deposited ₹ 8,300 with bank in Nataraj's account for which there is no entry in cash book.

(v) Dividend on shares collected by bank and credited in the pass book amounts to ₹ 2,000 for which no intimation has been given to Nataraj so far.

(vi) A bill for ₹ 10,000 discounted with the bank was dishonoured on maturity. Bank has debited Nataraj with ₹ 10,100 including ₹ 100 for noting charges, the transaction has not yet been recorded in cash book.


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