1 On 31st March, 2016 the pass book of Mr.Menon's Current Account showed a credit balance of 20000. Prepare Bank reconciliation statement a) Mr.Menon issued a cheque of 300 on 25th March but this was not presented for payment whereas this was recorded twice in the cash book. b) A cheque of 200 drawn on his savings deposit account has been shown as drawn on the current account in the cash book. c) A cheque of 285 issued on 28th March, was entered in the cash column. d) In the pass book, a bank charge of 25 was recorded twice while another bank charge of 17 was not recorded in the cash book. e) Bank paid LIC premium of 1500 as per standing instructions.
1 On 31st March, 2016 the pass book of Mr.Menon's Current Account showed a credit balance of 20000. Prepare Bank reconciliation statement a) Mr.Menon issued a cheque of 300 on 25th March but this was not presented for payment whereas this was recorded twice in the cash book. b) A cheque of 200 drawn on his savings deposit account has been shown as drawn on the current account in the cash book. c) A cheque of 285 issued on 28th March, was entered in the cash column. d) In the pass book, a bank charge of 25 was recorded twice while another bank charge of 17 was not recorded in the cash book. e) Bank paid LIC premium of 1500 as per standing instructions.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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1 On 31st March, 2016 the pass book of Mr.Menon's Current Account showed a credit balance of 20000. Prepare
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