Solution of Q 28 Bank Reconciliation Statement TS Grewal Class 11 (2023-24) CBSE

Prepare Bank Reconciliation Statement as on 31st March, 2023 from the following particulars:

1. (i) Raj’s overdraft as per Pass Book ₹ 12,000 as on 31st March, 2023.
2. (ii) On 30th March, 2023 cheques had been issued for ₹ 70,000 of which cheques amounting to ₹ 3,000 only had been encashed up to 31st March, 2023.
3. (iii) Cheques amounting to ₹ 3,500 had been paid into the bank for collection but of these only ₹ 500 had been credited in the Pass Book.
4. (iv) Bank has charged ₹ 500 as interest on overdraft and the intimation of which has been received on 2nd April, 2023.
5. (v) Bank Pass Book shows credit for ₹ 1,000 representing ₹ 400 paid by debtor of Raj direct into the bank and ₹ 600 collected directly by the bank in respect of interest on Raj’s investment. Raj had no knowledge of these items.
6. (vi) A cheque for ₹ 200 has been debited in the bank column of Cash Book by Raj but it was not sent to the bank at all.