Brs preparation

Example:

From the following particulars, prepare a bank reconciliation statement of Mr. N as on 31st December 2005.

1.Balance as per cash book (Dr.)65,000

2.Checks deposited but not yet collect41,400

3.Checks issued but not yet paid by bank 27,000

4.Interest credited by bank but not recorded in cash book.500

5.Bank charges debited by bank but not entered in cash book100

Solution:

Mr. N
Bank Reconciliation Statement
As on 31st Jan...........

Bank balance as per cash book  Dr. 65,000

Less:  Checks deposited but not yet collected by the bank Rs-41,400 

Bank charges debited in pass book Rs- 100

                      Rs-  41,500  

                     Rs-  23,500

Add:        Checks issued but not yet paid by the bank Rs-27,000      

  Interest credited by the bank in pass book Rs-500
                         
                                  27,500

Ans: The balance as per pass book     Cr. 51,000

If the statement is started with pass book balance:

Mr. N
Bank Reconciliation Statement
As on 31st Jan...........

 The balance as per pass book     Cr. 51,000

Less:        Checks issued but not yet paid by the bank Rs 27,000    

Interest credited by the bank but not entered in the pass book500

                 Rs       27,500  

                 Rs       23,500

Add:        Checks deposited but not yet collected by the bank Rs41,400  

Bank charges debited but not entered in the cash book Rs100

                             Rs41,500

Ans: Bank balance as per cash book      Dr. 64,000