The bank statement of a company showed a balance of Rs 42,000 on 30th Shrawan 2079. However the company balance showed a different balance of Rs…
BBA Financial Accounting · 2023 · Solved Question with Answer
The bank statement of a company showed a balance of Rs 42,000 on 30th Shrawan 2079. However the company balance showed a different balance of Rs 38,000. On the investigation, the following differences were noticed:
Outstanding cheque Rs 10,000 /?
Deposit in transit Rs 13,000 /?
A customer's cheque of Rs 4,000 was return with the bank statement marked NSF.
Collection of notes receivable for Rs 4,000 and interest on investment Rs 3,000
Bank charge Rs 2,000 for the service provided by the bank
A cheque of Rs 10,000 was paid by the bank. However, the company recorded Rs 16,000 in its statement.
Required: Bank reconciliation statement