29. Prepare Bank Reconciliation Statement as on 31st March, 2024 from the following particulars:

  1. Raj’s overdraft as per Pass Book 12,000 as on 31st March, 2024.
  2. On 30th March, 2024 cheques had been issued for 70,000 of which cheques amounting to 3,000 only had been encashed up to 31st March, 2024.
  3. 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. Bank has charged 500 as interest on overdraft and the intimation of which has been received on 2nd April, 2024.
  5. 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. 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. 

T.S.Grewal/Session 2024-25/Practical Problems/Q-29

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