Question 15 of 21
Q.From the following particulars of Simon Traders, prepare a Bank Reconciliation statement as on 31st March, 2018.
(i) Debit balance as per Bank statement Rs. 2,500.
(ii) Cheques deposited amounting to Rs. 10,000 not yet credited by bank.
(iii) Payment through net banking for Rs. 2,000 omitted in the Cash book.
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2024Subjective· 3mImportance★★★★★
71% · 15/21 Questions
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Start your 14-day free trial to unlock the full solution →Starting from an overdraft (debit balance) of Rs. 2,500 per bank statement, add Rs. 10,000 (deposits not credited) and Rs. 2,000 (payment omitted in cash book) to reach a favourable cash book balance of Rs. 9,500.
A debit balance as per the bank statement means an overdraft — from the customer's point of view it is an unfavourable (negative) balance of Rs. 2,500.
Bank Reconciliation Statement of Simon Traders as on 31 March 2018
| Particulars | Plus (Rs.) | Minus (Rs.) |
|---|---|---|
| Overdraft (debit balance) as per Bank Statement | 2,500 | |
| Add: Cheques deposited but not yet credited by the bank (cash book already recorded them) | 10,000 |
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