| Transactions | If Cash Book Balance is taken as Starting Point | If Pass Book Balance is taken as Starting Point |
| Cheque issued but not yet presented for payment | + | – |
| Cheque deposited but not credited by the bank | – | + |
| Interest credited by the bank but yet not recorded in the cash book. | + | – |
| Bank charges debited by the bank. | – | + |
| Dividend was directly credited to bank account but was not entered in the cash book | + | – |
| Insurance Premium paid by the bank | – | + |
| Cheque deposit but not recorded | + | – |
| Cheque received from debtor was recorded in the cash book but not deposited in the bank for collection. | – | + |
- From the following particulars of Mr. Rajesh, prepare bank reconciliation statement as on March 31, 2022.
1. Bank balance as per cash book Rs. 50,000.
2. Cheques issued but not presented for payment Rs. 6,000.
3. The bank had directly collected dividend of Rs. 8,000 and credited to bank account but was not entered in the cash book.
4. Bank charges of Rs. 400 were not entered in the cash book.
5. A cheques for Rs. 6,000 was deposited but not collected by the bank.
Answer: Balance as per passbook Rs.57,600 - From the following particulars of Anil & Co. prepare a bank reconciliation statement as on August 31, 2017.
1. Balance as per the cash book Rs.54,000.
2. Rs. 100 bank incidental charges debited to Anil & Co. account, which is not recorded in cash book.
3. Cheques for Rs.5,400 is deposited in the bank but not yet collected by the bank.
4. A cheque for Rs.20,000 is issued by Anil & Co. not presented for payment.
Answer: Balance as per passbook Rs.68,500 - The bank passbook of M/s. Boss & Co. showed a balance of Rs. 45,000 on May 31, 2017.
1. Cheques issued before May 31, 2017, amounting to Rs. 25,940 had not been presented for encashment.
2. Two cheques of Rs. 3,900 and Rs. 2,350 were deposited into the bank on May 31 but the bank gave credit for the same in June, 2017.
3. There was also a debit in the passbook of Rs. 2,500 in respect of a cheque dishonoured on 31.5.2017.
Prepare a bank reconciliation statement as on May 31, 2017.Answer: Balance as per cashbook Rs.27,810
Errors and omissions
| Transactions | If Cash Book Balance is taken as Starting Point | If Pass Book Balance is taken as Starting Point |
| A cheque issued but recorded in the cash column. | – | + |
| Under casting of payment side | – | + |
| Over casting of payment side | + | – |
| A cash discount allowed was recorded in the bank column. | – | + |
| A cash discount received was recorded in the bank column. | + | – |
| The credit balance of the previous day was brought forward as a debit balance | – by double amount | + by double amount |
| The debit balance of the previous day was brought forward as a credit balance | + by double amount | – by double amount |
| Under casting of Receipt side | + | – |
| Over casting of Receipt side | – | + |
| Cheque issued to supplier but wrongly entered as a receipt in the cash book | – by double amount | + by double amount |
- From the following particulars, prepare a bank reconciliation statement as on March 31, 2017.
(a) Debit balance as per cash book is Rs. 10,000.
(b) A cheque for Rs. 1,000 deposited but not recorded in the cash book.
(c) A cash deposit of Rs.200 was recorded in the cash book as if there is not bank, column therein.
(d) A cheque issued for Rs.250 was recorded as Rs.205 in the cash column.
(e) The debit balance of Rs.1,500 as on the previous day was brought forward as a credit balance.
(f) The payment side of the cash book was under cast by Rs. 100.
(g) A cash discount allowed of Rs.112 was recorded as Rs.121 in the bank column.
(h) A cheque of Rs. 500 received from a debtor was recorded in the cash book but not deposited in the bank for collection.
(i) One outgoing cheque of Rs. 300 was recorded twice in the cash book.
Answer: Balance as per passbook Rs.13,529