On 31st Januarey, 2017 my Cash Book showed a Bank overdraft of ₹12,500. On comp
Channel: Doubtnut
Date: 2020-05-03

On 31st Januarey, 2017 my Cash Book showed a Bank overdraft of ₹12,500. On comparing it with the Pass Book, the following diffeences were noted :-   (i) Cash and Cheques anounting to ₹1,340 were sent to Bank on 27th January but Cheques worth ₹230 were credited on 2nd February and one Cheque for  ₹45 was returned by them as dishonoured on 4th February.  (ii) During the month of January, I issued cheques worth ₹1,670 to my creditors. Out of these, Cheques worth ₹1,370 were presented for payment on 5th February.  (iii) According to my standing orders, the Bankers have paid during the month of January the following :-  (a) Life Insurence Premium     ₹170  (b) Television Licence Fee    ₹120  ( c) Driving Licence Fee     ₹22  (iv) My bankers have collected ₹150 as dividend on the shares.  (v) My bankers have given me wrong credit for ₹150.  (vi) Interset charged by the bank ₹125.  Prepare a Bank Reconciliation Statement as on 31st January. 2017