Question

From the following particulars of John traders, prepare a bank reconciliation statement as on 31^th March, 2018.

(a) Bank overdraft as per bank statement Rs. 4,000

(b) Cheques amounting to Rs. 2,000 had been recorded in the cash book as having been deposited into the bank on 26^th March 2018, but were entered in the bank statement on 4^{​​​​​​​th} April 2018. 

(c) Amount received by bank through cash deposit machine amounting to Rs. 5,000, omitted in the cash book. 

(d) Amount of Rs. 3,000 wrongly debited to John traders account by the bank, for which no details are available. 

(e) Bills for collection credited by the bank till 29th March 2017 amounting to Rs. 4,000, but no advice received by John traders. 

(f) Electricity charges made through net banking for Rs. 900 was wrongly entered in cash column of the cash book instead of bank column. 

(g) Cash sales wrongly recorded in the bank column of the cash book for Rs. 4,000.

Answer 1

Bank reconciliation statement of John Traders as on 31^st March, 2018