On 31st March, 2008, the Cash Book of Mr. David showed an Overdraft Balance
of Rs. 19,000. This balance did not agree with the balance as per Pass Book. The
following discrepancies were noted on comparing Cash Book with Pass Book.
1. Cheque for Rs. 5,000 paid into the bank for collection on 20th March, 2008
has not yet been collected.
2. Cheques for Rs. 15,000 Issued on 24th March, 2008, out of which cheques
for Rs. 10,000 presented during March, 2008.
3. An amount of Rs. 1,000 for interest on overdraft was debited in the Pass
Book but was intimated to Mr. David on 4th April, 2008.
4. Mr. David paid into his bank account an amount of Rs. 3,000 but it was
wrongly credited to Mr. Denial’s Account.
5. On 20th March, 2008 the bank received dividend of Rs. 10,000 from a
company where Mr. David's has invested his money, the same had been
recorded in Cash Book on 31st March, 2008.
6. Cheque of Rs. 2,500 was shown in Pass Book as dishonoured.
Required:
You are required to prepare Bank Reconciliation Statement as at 31st March, 2008.
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