From the following particulars prepare a Bank Reconciliation Statement in the books of Sh. J.P. Kansal as on 30th June 2016 :-
I. Balance as per pass Book on 30th June 2016 ₹6,000.
II. Out of total cheques amounting to ₹37,500 drawn by Sh. Kansal, Cheques aggregating ₹5,000 were encashed in June 2016. Cheques aggregating ₹4,000 were encashed in July 2016 and the rest have not been presented at all.
III. Out of total Cheques anounting to ₹12,000 deposited, Cheques ₹2,000 were credited in July. 2016 and the rest have not been collected at all.
Bank has charged ₹27 as its conmmission for collecting outstation cheques and has allowed interest ₹330 on this bank balance.
V. Amount wrongly debited by bank ₹2,400.
VI. A cheque of ₹1,200 was entered in the Cash Book in June 2016, but was sent to the Bank in July 2016.
VII. A cheque of ₹13,300 paid into the bank was returned dishonoured but no intimation was received from the bank till June 2016.

Explanation

Note : (1) In the above illustration, it has not been clearly stated whether the pass book balance given at the start is a debit or a credit balance. Hence, it will be treated as a credit (Favourable) balance.