1.

The Bank overdraft of Smith Ltd. on December 31, 2010, as per cash book is Rs. 18,000. From the following information, ascertain the adjusted cash balance and prepare bank reconciliation statement.Rs.1. Unpresented cheque 60002. Uncleared cheque 34003. Bank charges debited in the passbook only 10004. Bill collected and credited in the passbook only 16005. Cheque of Biju traders dishonored 10006. Cheque issued to Varma & Co. not yet entered in the cash book 600

Answer»

Adjusted Cashbook (Bank column)

DrCr
DateReceiptsLFAmountDatePaymentsLFAmount
Bill collected1600Balance b/d18000
As per
passbook
Balance c/d
19000Bank charges
Cheque disonoured
(Bijju traders)
Verma & Co.
(Cheque)
1000

100
600

 
2060020600

 

ParticularsAmount
Bank overdraft as per cash book19000
AddUncleared cheques3400
22400
LessUnpresented cheques6000
Bank overdraft as per passbook16400



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