Raghav & Co. have two bank accounts, Account No. I and Account No. II. From th following particulars relating to Account No. I, find out the balance on that account on December 31,2016 according to the Cash Book of the firm.
(i) Cheques paid into bank prior to December 31, 2016, but not credited until after that date for ₹10,000
(ii) Transfer of funds from Account No. II to Account No. I recorded by the bank on December 31,2016 but entered in the Cash Book after that date for ₹8,000.
(iii) Cheques issued prior to December, 31 2016 but not presented until after that date for ₹7,429.
(iv) bank charges debited by bank not entered in the Cash Book for ₹200.
(v) Interest debited by the bank not entered in the Cash Book ₹580.
(vi) Overdraft as per Pass Book ₹18,990

Answer

Overdraft as per Pass Book ₹23,639.

Explanation

In Item No. (ii) transfer of funds from Account No. II to Account No. I means that hank has credited ₹8,000 to Account No. I Hence, it will be written in Minus Items in Bank Reconciliation Statement.