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From the following particulars prepare the bang reconciliation statement of Businessman has on 31st March 2024 bank overdria transfer cash book 24000 cash received from HC was entered in bank column of cash book 3150 debit side of bank column caste short 1000 deposted but collection has the bank statement 8950 bill send to the bank sir collection collected with the bank but not required in cash book 4200 Bank charges recorded twice in cash book 40 noting charges debited in Passbook for discounted bill designer 60% and 25th March 724 but collected by bank on 5th April 24800 check it should on 26 March presented for engagement on 6th April the term 24 3000?
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From the following particulars prepare the bang reconciliation stateme...
Bank Reconciliation Statement for Businessman as of 31st March 2024
The Bank Reconciliation Statement is prepared to reconcile the cash book balance with the bank statement balance, considering various adjustments.
Cash Book Balance
- Overdraft as per cash book: 24,000
Adjustments to Cash Book
- Cash received from HC entered in bank column: +3,150
- Cash short in bank column: -1,000
- Deposited but not collected (in bank statement): +8,950
- Bill sent to bank for collection but not entered in cash book: +4,200
- Bank charges recorded twice: -40
- Noting charges debited for discounted bill: -60
Adjustments to Bank Statement
- Cheque presented on 26th March but not cleared until 6th April: -3,000
- Collection of discounted bill collected by bank after 31st March: -24,800
Calculation of Adjusted Balance
1. Starting with the cash book overdraft: 24,000
2. Adjustments:
- +3,150 (HC cash)
- -1,000 (short cash)
- +8,950 (deposited)
- +4,200 (collection not recorded)
- -40 (double bank charges)
- -60 (noting charges)
- -3,000 (cheque not cleared)
- -24,800 (bill collection)
Total Adjustments
- Total Adjustments = 3,150 - 1,000 + 8,950 + 4,200 - 40 - 60 - 3,000 - 24,800 = -13,800
Final Bank Reconciliation Statement
- Cash Book Balance after adjustments = 24,000 + (-13,800) = 10,200 (overdraft)
This statement reconciles the differences between the cash book and the bank statement, providing clarity on the overdraft position as of 31st March 2024.
The Bank Reconciliation Statement is prepared to reconcile the cash book balance with the bank statement balance, considering various adjustments.
Cash Book Balance
- Overdraft as per cash book: 24,000
Adjustments to Cash Book
- Cash received from HC entered in bank column: +3,150
- Cash short in bank column: -1,000
- Deposited but not collected (in bank statement): +8,950
- Bill sent to bank for collection but not entered in cash book: +4,200
- Bank charges recorded twice: -40
- Noting charges debited for discounted bill: -60
Adjustments to Bank Statement
- Cheque presented on 26th March but not cleared until 6th April: -3,000
- Collection of discounted bill collected by bank after 31st March: -24,800
Calculation of Adjusted Balance
1. Starting with the cash book overdraft: 24,000
2. Adjustments:
- +3,150 (HC cash)
- -1,000 (short cash)
- +8,950 (deposited)
- +4,200 (collection not recorded)
- -40 (double bank charges)
- -60 (noting charges)
- -3,000 (cheque not cleared)
- -24,800 (bill collection)
Total Adjustments
- Total Adjustments = 3,150 - 1,000 + 8,950 + 4,200 - 40 - 60 - 3,000 - 24,800 = -13,800
Final Bank Reconciliation Statement
- Cash Book Balance after adjustments = 24,000 + (-13,800) = 10,200 (overdraft)
This statement reconciles the differences between the cash book and the bank statement, providing clarity on the overdraft position as of 31st March 2024.
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From the following particulars prepare the bang reconciliation statement of Businessman has on 31st March 2024 bank overdria transfer cash book 24000 cash received from HC was entered in bank column of cash book 3150 debit side of bank column caste short 1000 deposted but collection has the bank statement 8950 bill send to the bank sir collection collected with the bank but not required in cash book 4200 Bank charges recorded twice in cash book 40 noting charges debited in Passbook for discounted bill designer 60% and 25th March 724 but collected by bank on 5th April 24800 check it should on 26 March presented for engagement on 6th April the term 24 3000?
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From the following particulars prepare the bang reconciliation statement of Businessman has on 31st March 2024 bank overdria transfer cash book 24000 cash received from HC was entered in bank column of cash book 3150 debit side of bank column caste short 1000 deposted but collection has the bank statement 8950 bill send to the bank sir collection collected with the bank but not required in cash book 4200 Bank charges recorded twice in cash book 40 noting charges debited in Passbook for discounted bill designer 60% and 25th March 724 but collected by bank on 5th April 24800 check it should on 26 March presented for engagement on 6th April the term 24 3000? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about From the following particulars prepare the bang reconciliation statement of Businessman has on 31st March 2024 bank overdria transfer cash book 24000 cash received from HC was entered in bank column of cash book 3150 debit side of bank column caste short 1000 deposted but collection has the bank statement 8950 bill send to the bank sir collection collected with the bank but not required in cash book 4200 Bank charges recorded twice in cash book 40 noting charges debited in Passbook for discounted bill designer 60% and 25th March 724 but collected by bank on 5th April 24800 check it should on 26 March presented for engagement on 6th April the term 24 3000? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following particulars prepare the bang reconciliation statement of Businessman has on 31st March 2024 bank overdria transfer cash book 24000 cash received from HC was entered in bank column of cash book 3150 debit side of bank column caste short 1000 deposted but collection has the bank statement 8950 bill send to the bank sir collection collected with the bank but not required in cash book 4200 Bank charges recorded twice in cash book 40 noting charges debited in Passbook for discounted bill designer 60% and 25th March 724 but collected by bank on 5th April 24800 check it should on 26 March presented for engagement on 6th April the term 24 3000?.
From the following particulars prepare the bang reconciliation statement of Businessman has on 31st March 2024 bank overdria transfer cash book 24000 cash received from HC was entered in bank column of cash book 3150 debit side of bank column caste short 1000 deposted but collection has the bank statement 8950 bill send to the bank sir collection collected with the bank but not required in cash book 4200 Bank charges recorded twice in cash book 40 noting charges debited in Passbook for discounted bill designer 60% and 25th March 724 but collected by bank on 5th April 24800 check it should on 26 March presented for engagement on 6th April the term 24 3000? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about From the following particulars prepare the bang reconciliation statement of Businessman has on 31st March 2024 bank overdria transfer cash book 24000 cash received from HC was entered in bank column of cash book 3150 debit side of bank column caste short 1000 deposted but collection has the bank statement 8950 bill send to the bank sir collection collected with the bank but not required in cash book 4200 Bank charges recorded twice in cash book 40 noting charges debited in Passbook for discounted bill designer 60% and 25th March 724 but collected by bank on 5th April 24800 check it should on 26 March presented for engagement on 6th April the term 24 3000? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following particulars prepare the bang reconciliation statement of Businessman has on 31st March 2024 bank overdria transfer cash book 24000 cash received from HC was entered in bank column of cash book 3150 debit side of bank column caste short 1000 deposted but collection has the bank statement 8950 bill send to the bank sir collection collected with the bank but not required in cash book 4200 Bank charges recorded twice in cash book 40 noting charges debited in Passbook for discounted bill designer 60% and 25th March 724 but collected by bank on 5th April 24800 check it should on 26 March presented for engagement on 6th April the term 24 3000?.
Solutions for From the following particulars prepare the bang reconciliation statement of Businessman has on 31st March 2024 bank overdria transfer cash book 24000 cash received from HC was entered in bank column of cash book 3150 debit side of bank column caste short 1000 deposted but collection has the bank statement 8950 bill send to the bank sir collection collected with the bank but not required in cash book 4200 Bank charges recorded twice in cash book 40 noting charges debited in Passbook for discounted bill designer 60% and 25th March 724 but collected by bank on 5th April 24800 check it should on 26 March presented for engagement on 6th April the term 24 3000? in English & in Hindi are available as part of our courses for CA Foundation.
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