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While comparing the cash book of Mayank with the bank pass book on 30th September, 2016 you find the following:(i) The bank pass book showed a debit balance of ₹ 15,000.(ii) Bank paid insurance premium ₹ 2,000, but it was recorded as ₹ 200 only in cash book.(iii) Cheques issued in favour of suppliers in September, 2016 amounted to ₹ 55,000, but cheques for ₹ 50,000 only were presented for payment upto 30th September, 2016.(iv) Direct deposit of ₹ 10,000 in Mayank's bank account by a customer on 25th September, 2016 had not been recorded in the cash book.(v) Dividend collected by bank, but not recorded in cash book ₹ 1,000.(vi) Bank charged ₹ 300 for its services, but they were yet to be recorded in cash book.(vii) Cheques amounting to ₹ 78,000 were deposited with bank in the last week of September, 2016 but cheques for ₹ 51,000 only had been cleared before 1st October, 2016.Prepare the bank reconciliation statement ascertaining bank balance/overdraft as per cash book. |
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Answer» While comparing the cash book of Mayank with the bank pass book on 30th September, 2016 you find the following: (i) The bank pass book showed a debit balance of ₹ 15,000. (ii) Bank paid insurance premium ₹ 2,000, but it was recorded as ₹ 200 only in cash book. (iii) Cheques issued in favour of suppliers in September, 2016 amounted to ₹ 55,000, but cheques for ₹ 50,000 only were presented for payment upto 30th September, 2016. (iv) Direct deposit of ₹ 10,000 in Mayank's bank account by a customer on 25th September, 2016 had not been recorded in the cash book. (v) Dividend collected by bank, but not recorded in cash book ₹ 1,000. (vi) Bank charged ₹ 300 for its services, but they were yet to be recorded in cash book. (vii) Cheques amounting to ₹ 78,000 were deposited with bank in the last week of September, 2016 but cheques for ₹ 51,000 only had been cleared before 1st October, 2016. Prepare the bank reconciliation statement ascertaining bank balance/overdraft as per cash book. |
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