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Bank Reconciliation Statement (B.R.S) Practice Sums

The document outlines various scenarios requiring the preparation of Bank Reconciliation Statements based on specific financial particulars. Each scenario provides details such as overdrafts, cheques issued, bank charges, and dishonoured cheques that must be reconciled. The goal is to ascertain the correct balance as per the bank's records compared to the cash book.

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Umesh Jaiswal
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71 views6 pages

Bank Reconciliation Statement (B.R.S) Practice Sums

The document outlines various scenarios requiring the preparation of Bank Reconciliation Statements based on specific financial particulars. Each scenario provides details such as overdrafts, cheques issued, bank charges, and dishonoured cheques that must be reconciled. The goal is to ascertain the correct balance as per the bank's records compared to the cash book.

Uploaded by

Umesh Jaiswal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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1:

From the following particulars, ascertain the balance by means of a statement, that would

appear in the pass Book of Ramlal and Sons, as on 31st December.

1. Overdraft as per Cash Book on 31st December Rs 10,540.

2. Interest on overdraft for six months ending Dec. Rs 240.

3. Interest on investments collected by bank Rs 300.

4. Bank charges for the above period Rs 60.

5. Cheques drawn but not cashed by the customers, prior to December Rs 2,500.

6 Cheques paid into the bank, but not cleared before 31st December Rs 4,200.

7 A Bill Receivable for Rs 1,000 (discounted with the bank in Nov.) was dishonoured on

December 31st.

2:

Prepare a bank Reconciliation Statement on 31st December 2004.

(a) A’s overdraft as per Pass Book was Rs 12,000 on that date.

(b) On 30th December cheques had been issued for Rs 7,000 of which cheques worth Rs

3,000 only had been encashed up to 31st December.

(c) Cheques amounting to Rs 3.500 had been paid into the bank for collection but of these

only Rs 500 had been credited in the Pass Book.

(d) The bank charged Rs 500 as interest on overdraft, the intimation of which has been

received on 2nd January 2005.

(e) The bank Pass Book shows a credit for Rs 1,000 representing Rs 400 paid by a debtor of

A direct into the bank and Rs 600 collected direct by the bank in respect of interest on A’s

investments. A had no knowledge of these items.

(f) A cheque for Rs 200 had been debited in bank column of Cash Book by A, but it had not

been sent to bank.

3.
From the following particulars prepare a Bank Reconciliation Statement as on 31st
December, 2005:
1. On 31st December, 2005 the Cash-book of a firm showed deposit with bank Dr. balance of
₹ 6,000.
2. Cheques had been issued for ₹ 5,000, out of which cheques worth ₹ 4,000 only were
presented for payment.
3. Cheques worth ₹ 1,400 were deposited in the bank on 28th December, 2005 but had not
been credited by the bank. In addition to this, one cheque for ₹ 500 was entered in the Cash-
book on 30th December, 2005 but was banked on 3-1-2006.
4. A cheque from Susan for ₹ 400 was deposited in the bank on 26th December, 2005 but was
dishonoured and the advice was received on 2-1-2006.
5. Pass-book showed bank charges of ₹ 20 debited by the bank.
6. One of the debtors deposited a sum of ₹ 500 in the bank account of the firm on 20th
December, 2005 but the intimation in this respect was received from the bank on 2-1-2006.
7. Bank Pass-book showed a credit balance of ₹ 5,180 on 31st December, 2005.

4.
The cash book of a firm showed an overdraft (Cr) of ₹ 30,000 on 31 st March, 2006. A
comparison of the entries in the cash book and pass book revealed that –
(i) On 22nd March, 2006, cheques totalling ₹ 6,000 were sent to bankers for collection. Out
of these, a cheque for ₹ 1,000 was wrongly recorded on the credit side of the cash book and
cheques amounting to ₹ 300 could not be collected by bank before 1st April, 2006.
(ii) A cheque for ₹ 4,000 was issued to a supplier on 28th March, 2006. The cheque was
presented to bank on 4th April, 2006.

(iii) There were debits of ₹ 2,600 in the pass book for interest on overdraft and bank charges,
but the same had not been recorded in the cash book.
(iv) A cheque for ₹ 1,000 was issued to a creditor on 27th March, 2006 but by mistake the
same was not recorded in the cash book. The cheque was, however, duly encashed by 31st
March, 2006.

5.
From the following information (as on 31.3.2006), prepare a Bank Reconciliation Statement
after making necessary amendments in the Cash-book:

Bank balance as per Cash Book (Dr.) 3,25,000

Cheques deposited, but not yet credited 4,47,500


Cheques issued but, not yet presented for payment 3,56,200

Bank charges debited by Bank but not recorded in Cash-book 1,250

Dividend directly collected by bank 12,500

Insurance premium paid by bank as per standing instruction not intimated 15,900

Cash sales wrongly recorded in the bank column of the Cash-book 25,500

Customer’s cheque dishonoured by bank not recorded in Cash-book 13,000

Wrong Credit given by bank 15,000

6.
Based on the following extracts from the Cash Book and the Pass Book for the month of
January, 2006, prepare the Bank Reconciliation Statements as on 31st Jan., 2006.
Cash Book (Bank Columns Only)
Pass Book

(Overdraft as per Pass Book Rs. 4,570)


7.
The Bank Pass Book of Account No. 5678 of Mrs. Rani showed an over draft of ₹ 33,575 on
31st March 2018. On going through the Pass Book, the accountant found the following:
(i) A Cheque of ₹ 1,080 credited in the pass book on 28th March 2018 being dishonoured is
debited again in the pass book on 1st April 2018. There was no entry in the cash book about
the dishonour of the cheque until 15th April 2018.
(ii) Bankers had credited her account with ₹ 2,800 for interest collected by them on her
behalf, but the same has not been entered in her cash book.
(iii) Out of ₹ 20,500 paid in by Mrs. Rani in cash and by cheques on 31st March 2018
cheques amounting to ₹ 7,500 were collected on 7th April, 2018.
(iv) Out of Cheques amounting to ₹ 7,800 drawn by her on 27th March, 2018 a cheque for ₹
2,500 was encashed on 3rd April, 2018.
(v) Bankers seems to have given here wrong credit for ₹ 500 paid in by her in Account No.
8765 and a wrong debit in respect of a cheque for ₹ 300 against her account No. 8765.
(vi) A cheque for ₹ 1,000 entered in Cash Book but omitted to be banked on 31st March,
2018.
(vii) A Bill Receivable for ₹ 5,200 previously discounted (Discount ₹ 200) with the Bank had
been dishonoured but advice was received on 1st April, 2018.
(viii) A Bill for ₹ 10,000 was retired/paid by the bank under a rebate of ₹ 175 but the full
amount of the bill was credited in the bank column of the Cash Book.
(ix) A Cheque for ₹ 2,400 deposited into bank but omitted to be recorded in Cash Book and
was collected by the bank on 31st March, 2018.
Prepare Bank Reconciliation Statement as on 31st March, 2018.
(Balance (Cr. i.e. overdraft) as per Cash book Rs.27,950)
8.
Prepare a bank reconciliation statement from the following particulars as on 31 st March
2018:

Particulars (₹)

Debit balance as per bank column of the cash book 18,60,000

Cheque issued to creditors but not yet presented to the Bank for payment 3,60,000

Dividend received by the bank but not entered in the Cash book 2,50,000

Interest allowed by the Bank 6,250

Cheques deposited into bank for collection but not collected by bank up
7,70,000
to this date

Bank charges not entered in Cash Book 1,000

A cheque deposited into bank was dishonoured, but no intimation


1,60,000
received

(Answer: Pass Book (Cr.) Rs. 13,70,250)


9.
Prepare the Bank Reconciliation Statement of M/s. R.K. Brothers on 30th June 2018 from the
particulars given below :
(i) The Bank Pass Book had a debit balance of ₹ 25,000 on 30th June, 2018.
(ii) A cheque worth ₹ 400 directly deposited into Bank by a customer but no entry was made
in the Cash Book.
(iii) Out of cheques issued worth ₹ 34,000, cheques amounting to Rs. 20,000 only were
presented for payment till 30th June, 2018.
(iv) A cheque for ₹ 4,000 received and entered in the Cash Book but it was not sent to the
Bank.
(v) Cheques worth ₹ 20,000 had been sent to Bank for collection but the collection was
reported by the Bank as under :
 Cheques collected before 30th June, 2018, ₹ 14,000
 Cheques collected on 10th July, 2018, ₹ 4,000
 Cheques collected on 12th July, 2018, ₹ 2,000.
(vi) The Bank made a direct payment of ₹ 600 which was not recorded in the Cash Book.
(vii) Interest on Overdraft charged by the bank ₹ 1,600 was not recorded in the Cash Book.
(viii) Bank charges worth Rs. 80 have been entered twice in the cash book whereas Insurance
charges for ₹ 70 directly paid by Bank was not at all entered in the Cash Book.
(ix) The credit side of bank column of Cash Book was under cast by ₹ 2,000.
(Answer: Cash Book Overdraft Rs. 25,210)

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