Sarthaks Test
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On 31st March, 2015, Cash Book of a merchant showed bank overdraft of Rs.1,72,985. On comparing the Cash Book with Bank Statement, following discrepancies were noted: 

i. Cheques issued for Rs.60,000 were not presented in the bank till 7th April, 2015. 

ii. Cheques amounting to Rs.75,000 were deposited in the bank but were not collected. 

iii. A cheque of Rs.15,000 received from Mahesh Chand and deposited in the bank was dishonored but the non-payment advice was not received from the bank till 1st April, 2015. 

iv. Rs.1, 50,000 being the proceeds of a bill receivable collected appeared in the Pass Book but not in the Cash Book. 

v. Bank charges Rs.1,500 and interest on overdraft Rs.8,500 appeared in the Pass Book but not in the Cash Book. Prepare Bank Reconciliation Statement and show what balance the Bank Pass Book would indicate on 31st March, 2015.

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Bank Reconciliation Statement as on March 31,2015

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