Bank Reconciliation Statement

Q No.1

The Mehfooz company had cash balance of Rs.42,800 on August 31,2015 while the bank

statement showed a credit balance of Rs.39,900 on the same date.

1.

Profit credited by the bank Rs. 750

2.

Direct deposit by a customer Rs. 4,100

3.

Dividend collections by the bank on behalf of Mehfooz company Rs. 1,210

4.

Bank service charges Rs. 160

5.

Dishonored cheque of a customer Rs. 1250

6.

Promissory note paid by the bank on behalf of company Rs.4000

7.

Cheque issued total for Rs.15,000 but only Rs.9000 cheque presented to bank and paid

by bank.

8.

Deposit in transit Rs. 8320

9.

Pay order prepared for Rs.1500 through cheque number 23654 not recorded by firm

cashier.

10.

A cheque for Rs. 360 issued in payment

of repair expense was credited by the firm's

accountant as for Rs.630

Instruction

1.

Prepare Bank Reconciliation Statement on Aug 31, 2015