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When payments made by the bank as per th...

When payments made by the bank as per the standing instructions of the customer, the balance in the passbook will be more when compared to the cash book.

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Rim Zim Ltd. Maintains a current with the State Bank of India. On 31st March, 2017, the bank column of its cash book showed a debit balance of ₹1,54,300. Howerver, the bank statement showed a different balance as on that dete. The follwing were the reasons for the difference , (i) Cheques deposited, but not yet credited by the bank. ₹ (ii) Cheques issued, but not yet presented for payment 75,450 (iii) Bank charged not yet recorded int eh cash book 80,760 (iv) Cheques received by the bank directly from trade debtors 1,35,200 (v) Insurance premimum paid by the bank as per standing instructions, but not yet recorded in the cash book. 15,400 (vi) Dividend collected by the bank but not yet recorded in the cash book Find out the balance as per the bank statement as on 31st March, 2017

When a customer draws a cheque on a bank

Prepare bank reconciliation statement of Shri Bhandari as on March 31, 2017 (i) The Payment of a cheque for 550 was recorded twice in the passbook. (ii) Withdrawal column of the passbook under cast by 200 (iii) A Cheque of 200 has been debited in the bank column of the Cash Book but it was not sent to bank at all. (iv) A Cheque of 300 debited to Bank column of the cash book was not sent to the bank. (v) 500 in respect of dishonoured cheque were entered in the passbook but not in the cash book. Overdraft as per passbook is 20,000.