Bank Reconciliation Statement Problems and Solutions

Bank Reconciliation Statement Problems and Solutions








Problem # 1: 
From the
following information, extract a bank reconciliation statement as on 31st
Decembar,
2008
            1.         The
balance as per Cash book on 31-12.2008 Rs.12000/-
            2.         Cheques
issued but not presented in the bank Rs.1600/-
3.         Cheques
paid into bank but not cleared before 31st Dec,08 Rs.2000/-
            4.         Interest
on investment Rs.300/-
            5.         Bank
Charges made by the bank Rs.30/-

Solution: 



Bank Reconciliation Statement Problems and Solutions
Problem # 2:
Prepare a
bank reconciliation statement from the following on 28th Feb,2009. Cash
book showed a bank balance Rs.11000/-
1. A cheque
issued but not presented for payment Rs.900/-
2. A
post-dated cgeqye if RS.1000 has bee debited 
in the bank column of the cash book but it wqas not possible to
present.
3. Three
cheques of Rs.1500 sent for collection 
but not cleared so far by the bank
4. A cheque
for rs.500 deposited in the bank has been dishonoured.
5. Trade
subscription directly paid by the bank Rs.200
6.  The bank debit for Rs.100 in respect of
bank charges and credit Rs.200 for dividend collected by the bank.
 Solution: 
Bank Reconciliation Statement Problems and Solutions




Problem # 3:
From the following particulars, ascertain the
bank balance as per Pass Book as on 31st March, 2001:

1
The
Bank balance as per Cash Book on that date was Rs.5,750.
2
Cheques
issued but not presented in the bank Rs.875.
3
Cheques
paid into bank, but not cleared before 31st March amounting to
Rs.1,075.
4
Interest
on investment Rs.275.
5
Cheque
paid on but not entered in cash book Rs.150.
6
Bank
Charges debited in the pass book Rs.25.

Solution: 



Bank Reconciliation Statement Problems and Solutions
Problem # 4:
Prepare a Bank Reconciliation Statement of Mr.
Raheel as on 31st
Aug. 2002 from the details given below:

1
Balance
as per pass book (Credit) Rs.4,000
2
A
cheque amounting to Rs.500 issued in Aug. but was not presented in the same
month.
3
Cheques
for Rs.400 deposited into the bank in Aug. but dishonoured.
4
Cheques
for Rs.1,500 were deposited into bank during the month but a cheque for
Rs.300 credited by in Sep.
5
Interest
of Rs.30 credited by the bank in the Pass Book which is not recorded in the cash
book.
6
Insurance
premium of Rs.45 was directly paid by the bank but was not recorded in the
cash book.

Solution: 

Bank Reconciliation Statement Problems and Solutions

Problem # 5:
From
the following particular of Sultan & Sons, you are required to prepare a
bank reconciliation statement on 31st July, 2003 indicating balance
of Pass Book.
1
Balance
as per Cash Book Rs.2,800.
2
Cheques
paid into bank but not credited Rs.590.
3
Cheques
issued but not presented upto 31st July Rs.1,075.
4
The
pass book shows a credit of Rs.50 for interest.
5
Debit
of Rs.10 for bank charges appear twice in the pass book but not even once in
cash book.
6
A
customer Mr.Bilal deposited a cheque of Rs.50 directly into firm’s bank
account but no entry was passed in cash book.
7
A
cheque of Rs.50 deposited into bank but dishonored.
8
A
cheque received from Zaki for Rs.345 was entered twice in cash book but the
pass book showed only one credit.
Solution: 
Bank Reconciliation Statement Problems and Solutions

Problem # 6:

Prepare
a bank reconciliation statement from the following on 31st March 2004. A
merchant’s Cash Book showed a bank balance of Rs.1,050 but due to the following
reasons the pass book showed a difference:
1
A
cheque of Rs.54 issued to Sabeen has not been presented for payment.
2
A
post-dated cheque of Rs.10 has been debited in the bank column of the cash
book but under the circumstances it was not possible to present it.
3
Four
cheques of Rs.120 sent to the bank have not been collected so far.
4
A
cheque for Rs.40 deposited in the bank has been dishonoured.
5
Bank
paid Rs.5 as insurance premium on behalf of depositor.
6
There
was a debit in the pass book of Rs.150 in respect of bank charges and credit
of Rs.250 for interest on investment.




Solution:
Bank Reconciliation Statement Problems and Solutions

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