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Question 2: [10 marks] From the following particulars prepare a Bank Reconciliation Statement for Shah & Co. to find out the overdraft balance as per

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Question 2: [10 marks] From the following particulars prepare a Bank Reconciliation Statement for Shah & Co. to find out the overdraft balance as per Bank Statement as on Dec 31st, 2020: The bank overdraft as per cash book on Dec 31st, 2020 was $ 6,000 Cheque deposited into bank, but not cleared and credited before Dec 31st was $ 2,500 Bank service charges for the same period also debited in the Bank Statement amounted to $ 50 Cheque issued, but not cashed, before Dec 31st amounts to $ 1,500 Interest on investment collected by the bankers and credited in the Bank Statement amounted to $ 1,800. Interest on bank overdraft $ 200 is debited in the Bank Statement

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