BRS - Bank Reconciliation Statement Appendix3 exam 2017 - 10 marks
The following is the summary of Cash book for December, 2014
Cash Book (Bank column)
Note: All receipts and payments are through Bank only.
On investigation, the following are observed:
Bank charges of Rs. 1224 in the Bank statement have not been entered in Cash Book
Cheques drawn amounting to Rs. 2403 have not been presented to the Bank for payment.
Cheques receiving totalling Rs. 6858 have been entered in a Cash Book and deposited in the Bank, but have not been credited by the Bank until January, 2015
A cheque for Rs. 198 has been entered as a receipt in the Cash Book instead of payment.
A cheque for Rs. 225 has been debited by the Bank in error.
A cheque received for Rs. 720 has been returned by the Bank and marked “no funds available”, no adjustment has been made in the Cash Book.
All dividends receivable are credited directly to the bank account. During December, an amount of Rs. 558 was credited by the bank and no entry is made in the cash book.
A cheque drawn for Rs. 54 has been incorrectly entered in the cash book as Rs. 594.
The balance brought forward should have been Rs. 6399.
The bank statement as on December 31st 2014 showed an Overdraft of Rs. 10458.
You are required to prepare an amended cash book.
prepare bank reconciliation statement as on December 31st 2014
Amended Cash Book
Bank Reconciliation Statement as on 13.12.2014