Bank Reconciliation Statement as on 30th June 2011:

Bank Balance as per Pass Book (P.B.): Rs. 17,360

Step 1: Adjustments to be made in the Cash Book

a. Transfer from Recurring Deposit Account to Current Account: Rs. 4,850
b. Transfer from Current Account to Saving Account: Rs. 2,300
c. Direct deposit by customer: Rs. 6,000
d. Direct payment for mobile bill to BPL Co.: Rs. 1,650

Step 2: Adjustments to be made in the Pass Book

a. Add: Transfer from Recurring Deposit Account to Current Account: Rs. 4,850
b. Less: Transfer from Current Account to Saving Account: Rs. 2,300
c. Add: Direct deposit by customer: Rs. 6,000
d. Less: Direct payment for mobile bill to BPL Co.: Rs. 1,650

Step 3: Reconciling the Balances

To find the adjusted balance as per Cash Book, we need to consider the adjustments made in Step 2.

Adjusted Bank Balance as per Cash Book (C.B.): Bank Balance as per Pass Book + Adjustments made in Step 2
= Rs. 17,360 + (4,850 - 2,300 + 6,000 - 1,650)
= Rs. 17,360 + 7,900
= Rs. 25,260

Step 4: Preparation of Bank Reconciliation Statement

Bank Reconciliation Statement is prepared to reconcile the balances between the Cash Book and the Pass Book.

Bank Reconciliation Statement as on 30th June 2011:

Bank Balance as per Pass Book: Rs. 17,360
Add: Adjustments made in Step 2:
- Transfer from Recurring Deposit Account to Current Account: Rs. 4,850
+ Direct deposit by customer: Rs. 6,000
- Direct payment for mobile bill to BPL Co.: Rs. 1,650

Adjusted Bank Balance as per Cash Book: Rs. 25,260

Explanation:

The Bank Reconciliation Statement is prepared to reconcile the differences between the balances shown in the Cash Book and the Pass Book. The adjustments made in the Cash Book and the Pass Book are necessary to bring the balances into agreement.

In this case, there are four adjustments to be made in the Cash Book:
- A transfer of Rs. 4,850 from the Recurring Deposit Account to the Current Account
- A transfer of Rs. 2,300 from the Current Account to the Saving Account
- A direct deposit by the customer of Rs. 6,000
- A direct payment of Rs. 1,650 for the mobile bill to BPL Co.

These adjustments are made in the Cash Book to reflect the actual transactions and bring the balance in line with the Pass Book.

After making these adjustments, the adjusted balance as per Cash Book is calculated to be Rs. 25,260.

The Bank Reconciliation Statement is then prepared, showing the adjustments made in both the Cash Book and the Pass Book. The adjusted balance as per Cash Book is mentioned, along with the adjustments made in the Pass Book.

By preparing the Bank Reconciliation Statement, any discrepancies between the Cash Book and the Pass Book can be identified and rectified.

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