The bank statement of a company shows a balance of Rs 50,000 on 30 th Chaitra 2079. However the company balance showed a different balance of Rs…
2023 · Solved Question with Answer
The bank statement of a company shows a balance of Rs 50,000 on 30th Chaitra 2079. However the company balance showed a different balance of Rs 30,000. On the investigation, the following differences were noticed:
Outstanding cheque Rs 25,000
Deposit in transit Rs 15,000
A customer's cheque of Rs 5,000 was return with the bank statement marked NSF.
Collection of notes receivable for Rs 6,000 and interest on investment Rs 2,000
Bank charge Rs 1,000 for the service provided by the bank
Bank paid Rs 10,000 under instruction of a company. However, the company recorded Rs 18,000 in its statement.
Required: Bank reconciliation statement