On 31st March, 2019, Cash Book of a merchant showed bank overdraft of Rs. 1,72,985. On comparing the Cash Book with Bank Statement, following discrepancies were noted.
(i) Cheques issued for Rs. 60,000 were not presented in the bank till 7th April 2019
(ii) Cheques amounting to Rs.75,000 were not presented in the bank but were not collected
(iii) A cheque of Rs. 15,000 received from Mahesh Chand and deposited in the bank was dishonoured but the non-payment advice was not received from the bank till 1st April, 2019.
(iv) Rs. 1,50,000 being the proceeds of a bill receivable collected appared in the Pass Book but not in the Cash Book ,
(v) Bank charges Rs. 1,500 and intrest overdraft Rs. 8,500 appeared in the Pass Book but not in the Cash Book
(vi) Overdraft b alance as per Cash Book of Rs. 500 pm 28thh Feburay, 2019 was wrongly carried forward as debit balance. The error was noted at the time of preparing the Bank Reconciliation Statement as on 31st March, 2019
Prepare Bank Reconciliation Statement