On 31st December, 2014 the Cash Book of Basu showed an overdraft  of ₹18,000 with
Channel: Doubtnut
Date: 2020-05-03

On 31st December, 2014 the Cash Book of Basu showed an overdraft  of ₹18,000 with the Bank of India. The balance did not agree with balance as shown by the Bank Pass Book and you find that Basu had paid into the Bank on 26th December four cheques for ₹10,000, ₹12,000, ₹6,000 and ₹8,000. Of these the cheque for ₹6,000 was credited by the bank in January, 2015.  Basu had issued on 24th December three cheques for ₹15,000, ₹12,000, and ₹7,000. The first two cheques were presented to the bank for payment in December and the thired in January, 2015.   You also find that on 31st Devember, 2014, the bank had debited Basu's Account for ₹500 for interset and ₹20 for charges but Basu has not recorded these amounts in his books.  You are required to prepre a Bank Reconciliation Statement as on 31st December, 2014 and ascertain the balance as per bank Pass Book.