Bank Reconciliation Statement (BRS)

Answer .1
M/s. A Ltd.
Bank Reconciliation Statement as on 31st March, 2022

Particulars Details Amount

Rs. Rs.
Overdraft as per Cash Book 15,50,750
Add: Cheque deposited but not credited 12,50,000
Interest charged by the bank 1,75,500

Draft deposited in bank but not yet credited 12,75,000

2,85,000 29,85,500
Bank Charges not entered in cash book
45,36,250
Less: Cheque issued but not yet presented (7,75,000)
Transport subsidy not yet recorded in the Cash Book (17,50,000)
Bills for collection credited in the bank not yet entered in the cash (9,45,000)
book
Wrong credit by the bank (1,50,000) (36,20,000)

Overdraft as per bank statement 9,16,250

Alternatively, the above solution can also be done through Adjusted Cash Book.

Cash Book (Bank Column)

Particulars Amount Particulars Amount

Rs. Rs.
To Bill Receivable 9,45,000 By Balance b/d 15,50,750
To Transport subsidy received 17,50,000 By Interest debited 1,75,500
By Bank Bank Charges 2,85,000
By Balance c/d 6,83,750
26,95,000 26,95,000
M/s. A Ltd.
Bank Reconciliation Statement as on 31st March, 2022
Particulars Details Amount
Rs. Rs.
Balance as per Cash Book 6,83,750
Add : Cheque issued but not yet presented 7,75,000
Wrong credit by the bank 1,50,000 9,25,000
16,08,750
Less: Cheque deposited but not credited (12,50,000)
Draft deposited in bank but not yet credited (12,75,000) (25,25,000)
Overdraft as per bank statement (9,16,250)

1
Answer. 2

Bank Reconciliation Statement of Mr. Karan as on 31st Dec., 2021

Particulars Details Amount

Rs. Rs.
Balance as per the Cash Book 2,60,400
Add: Wrong Casting in Cash book as on 15th December, 10,000
2021
Mistake in bringing forward Rs. 8,460 debit balance 16,920
as credit balance on 20th Dec., 2021
Cheques issued but not presented:
Issued 12,370
Encashed 9,360 3,010
Dividends directly collected by bank but not yet entered 35,000
in the Cash Book
Cheque recorded twice in the Cash Book 1,75,000
Bill for Collection credited in Bank not entered in Cash Book 53,000 2,92,930
5,53,330
Less: Cheques issued but not entered in the Bank column 1,18,000
Fire Insurance Premium paid by the bank directly not yet 7,900
recorded in the Cash Book
Discount allowed wrongly entered in Cash Book 1,800 (1,27,700)
Balance as per the Pass Book 4,25,630
Note: The above answer has been given considering that the books are not closed on 31st December, 2021.
Alternatively, If the books are to be closed on 31st December, then adjusted cash book will be prepared as
given below:
Adjusted Cash Book

Particulars Amount Particulars Amount

(Rs.) (Rs.)
To Balance b/d 2,60,400 By cheques not entered 1,18,000
To wrong casting 10,000 By Fire Insurance Premium 7,900
To error for wrong posting 16,920 By discount wrongly entered 1,800
To dividends collected by bank 35,000 By balance c/d 3,69,620
To cheques recorded twice 1,75,000
4,97,320 4,97,320

Bank Reconciliation Statement

Particulars Rs.
Balance as per the Cash Book (corrected) 3,69,620
Add: Cheques issued but not yet presented 3,010
Bill for collection credited by Bank 53,000
Balance as per the Pass Book 4,25,630

2
Answer.3
Bank Reconciliation Statement as on 31st March,2021

Rs. Rs.
Bank balance as per Pass book 25,00,000
Add: Bills dishonoured not recorded in the cash book 12,50,000

Cheque received entered twice in the cash book 25,000

Insurance premium paid directly not recorded in the cash book 1,50,000
Cheque received but not sent to the bank 28,00,000
Credit side of the bank column cast short 5,000 42,30,000
67,30,000

Less: Cheque deposited into the bank but no entry was passed in the cash book 12,50,000
Bank charges recorded twice in the cash book
5,000
Cheque issued but not presented to the bank 12,50,000 (25,05,000)
Bank balance as per Cash book 42,25,000

Answer. 4
Bank Reconciliation Statement as on 31st December, 2022

Particulars Amount Amount

(Rs.) (Rs.)
Overdraft as per Pass Book (Dr. Balance) 2,48,000
Add: Cheques issued but not yet presented Rs. (2,10,000 - 70,000
1,40,000)
Cheque wrongly entered in cash book (29,200-19,200) 10,000
Cheque credited in Pass Book was not recorded in the Cash book 45,000 1,25,000

Less: Cheques received entered twice in Cash Book 37,520

Cheque issued not recorded in the Cash book 1,17,000
Interest on Overdraft and bank charges not entered in 3,500
Cash Book
Bill of exchange dishonoured 26,200
Payment side of bank column of Cash Book was undercast 12,000 1,96,220

Overdraft as per Cash Book 1,76,780

3
Answer. 5
(i) Adjusted Cash Book as on 31-03-2020

Particulars Rs. Particulars Rs.

To Interest on deposit 1,000 By balance b/d 98,700
By bank charges & interest 2,895
To Customer a/c- 1,500 (35 + 2,860)
Cheque returned By customer a/c – cheque 500
To Balance c/d 1,03,595 dishonoured
4,000
By Discount allowed (1,00,000
-96,000)
1,06,095 1,06,095

(ii) Bank Reconciliation Statement as on 31st March, 2020

Particulars Rs. Rs.

Overdraft as per Adjusted Cash book 1,03,595
Add :
Cheque deposited but not credited in the bank 2,600
Cheque returned ‘out of date’ by the bank 3,500 6,100
1,09,695
Less:
Cheques issued but not presented in the bank
Cheque deposited in another account wrongly credited to (7,400)
this account by the bank
(1,550)
Cheque drawn in this a/c wrongly debited to another A/c (9,750)
(800)

Overdraft balance as per Bank Statement 99,945

Answer. 6

In the Books of G
Cash Book (Bank Column)

Receipts Rs. Payments Rs.

To Balance b/d 4,45,000 By Insurance premium A/c 2,700
To Dividend A/c 4,000 By Correction of errors 500
To Rent A/c 60,000 By Bank charges 150
To Bill receivable A/c 5,900 By Bill payable 20,000
By Balance c/d 4,91,550
5,14,900 5,14,900

4
 Bank Reconciliation Statement as on 30 th June, 2021
Rs.
Adjusted balance as per cash book 4,91,550
Add: Cheques issued but not presented for payment till 30th June, 2021 60,000
Less: Cheques paid into bank for collection but not collected till 30th June, 2021 (55,500)

Balance as per pass book 4,96,050

Answer. 7
Cash Book (Bank Column)

Date Particulars Amount Date Particulars Amount

2018 Rs. 2018
Sept. 30 To Party A/c 18,000 Sept. 30 By Balance b/d 8,062
To Customer A/c By Bank charges 280
(Direct 1,15,400 By Customer A/c
deposit)
To B/R collected 59,000 (B/R dishonoured) 1,60,000
1,75,942 By Bills payable 2,00,000
To Balance c/d
3,68,342 3,68,342

Bank Reconciliation Statement

as on 30th September, 2018
Particulars Amount
Rs.
Overdraft as per Cash Book 1,75,942
Add: Cheque deposited but not collected up to 30 th Sept., 2018 11,14,000
12,89,942
Less: Cheques issued but not presented for payment up to 30 th Sept., 2018 (13,46,000)
Credit by Bank erroneously on 6th Sept. (30,000)
Balance as per bank statement 86,058

Answer. 8
Bank Reconciliation Statement as on 31st March, 2018

Particulars Rs.
Bank balance (Debit i.e. overdraft) as per Bank Pass book 33,575
(i) No adjustment required as there would be no difference on31.3.18
(ii) Add: No entry in Cash book for interest collection by Bank 2,800
(iii) Less: Amount debited in cash book for pending cheques in (7,500)
collection but not credited in Pass Book
(iv) Add: Cheque credited in cash book but not debited in pass book 2,500
(v) Add: Reversal of wrong Credit 500
Less: Reversal of wrong debit (300)

5
 (vi) Less: Cheque of Rs. 1,0000 entered in cash book but omitted to be banked (1,000)
(vii) Less: Discounted dishonored but no entry in Cash book (5,200)
(viii) Add: Rebate on bill retired not entered in cash book 175
(viii) Add: Cheques deposited in bank not yet recorded in cash book 2,400
Balance (Cr. i.e. overdraft) as per Cash book 27,950

Note: A cheque of Rs. 1,080 credited in Pass Book on 28th March, 2018 and later debited in Pass Book on
1st April, 2018 has no effect on Bank Reconciliation statement as at 31 st March, 2018.

Answer. 9
Bank Reconciliation Statement as on 30th June 2018
Particulars Amount Amount
Overdraft as per Pass Book (Dr. Balance) 25,000
Add: Cheques issued but not presented Rs. (34,000- 20,000) 14,000
Cheques deposited into the Bank by Customer but not entered in 400
Cash Book
Bank charges written twice in Cash Book 80 14,480
39,480
Less: Cheques received, recorded in cash Book but not sent to the Bank 4,000
Cheques sent to the Bank but not collected 6,000
Direct payment made by the bank not recorded in the Cash book 600

Interest on Overdraft charged by Bank 1,600

Insurance charges not entered in Cash Book 70
Credit side of bank column of Cash Book was undercast 2,000 14,270
Overdraft as per Cash Book 25,210

Answer. 10
Bank Reconciliation Statement as on 31st March, 2018
Particulars Details Amount
Rs. Rs.
Debit balance as per Cash Book 18,60,000
Add: Cheque issued but not yet presented to bank for payment 3,60,000
Dividend received by bank not entered in cash book 2,50,000
Interest credited by bank 6,250 6,16,250
24,76,250
Less: Cheques deposited into bank but not yet collected 7,70,000
Bank charges debited by Bank 1,000
Cheque deposited into bank was dishonoured 1,60,000
House tax paid by bank 1,75,000 (11,06,000)
Credit balance as per Pass Book 13,70,250