Bank Reconciliation

Statement
 1/4/2016
• Open a bank account in SBI and deposit Rs.
8,00,000.
• Purchase Machinery from Mohan Engineering
Works for Rs. 20,000 and paid through cheque
of SBI, the cheque cleared on 1-6-2016.
 1/5/2016
• Paid wages of Rs. 10,000 through cheque, the
cheque cleared on 1-7-2016.

PREPARE BRS upto 1-6-2016.

 1/4/2018
• Create a company with capital of Rs.
10,00,000.
• Open a bank account in SBI and deposit Rs.
8,00,000.
• Purchase Machinery from Mohan Engineering
Works for Rs. 20,000 and paid through cheque
of SBI, the cheque cleared on 1-5-2018.
• Furniture purchase from Sumit amounting to
Rs. 30,000 and paid through cheque, the
cheque cleared as on 1-6-2018
 1/5/2018
• Paid wages of Rs. 10,000 through cheque, the
cheque cleared on 1-7-2018.
• Sold furniture to Mr. Mukesh @ 20,000, he
paid through cheque, the cheque cleared on 1-
6-2018

PREPARE BRS upto 1-6-2018.

QUESTION 2
 1/4/2016
• Started company with Rs. 40,00,000 cash.
• Deposited Rs. 30,00,000 in HDFC Bank A/c
and bank credited the amount on the same
date
• Purchased Machinery for Rs. 12,00,000 and
payment made through Cheque for Rs.
8,00,000 and balance was paid in cash. Entry
for cheque was made by bank on 1-5-2016
 1/5/2016
• Interest received in the form of Cheque Rs.
30,000 and bank credited the amount on the
same date.
• Payment of wages through cash Rs 50000.
• Salaries paid Rs. 50,000 through cheque which
was entered by bank on 1-6-2016
 2/5/2016
• Commission received in the form of Cheque Rs.
15,000 and bank credited the amount on 2-6-2016
• Cash withdrawn from bank Rs 80,000 and bank
debited the amount on the same date.

Prepare Bank Reconciliation Statement as on

1.6.2016 and show the reason for mis-match of
balance as per company’s books and as per bank
books
Specify the outcome of all above transactions in
form of Profit and Loss A/c, Balance Sheet.
QUESTION 3
 1/4/2016
• Started business with Rs. 20,00,000 cash.
• Deposited Rs. 15,00,000 in Axis Bank A/c and
bank credited the amount on the same date.
• Purchased office furniture for Rs. 6,00,000 and
payment made through Cheque for Rs.
4,00,000 and balance was paid in cash. Entry
for cheque was made by bank on 1-5-2016.
 1/5/2016
• Interest received in cash Rs. 15,000 .
• Commission paid through Cheque Rs. 10,000
and bank cleared the cheque on the same date.
• Advertisement expenses of Rs. 25,000 paid
through cheque which was entered by bank on
1-6-2016.
 2/5/2016
• Interest received in the form of Cheque Rs. 7,500 and
bank credited the amount on 2-6-2016.
• Cash withdrawn from bank Rs 40,000 and bank
debited the amount on 1-7-2016.

Prepare Bank Reconciliation Statement as on 1.6.2016 and show the

reason for mis-match of balance as per company’s books and as
per bank books
Specify the outcome of all above transactions in form of Profit and
Loss A/c, Balance Sheet.
QUESTION 3
 2/09/2016
• Started business with Rs. 2,00,00,000 cash.

• Deposited Rs. 25,00,000 in Dena Bank A/c and

bank credited the amount on the same date.
 2/09/2016
• Purchased Fixed asset for Rs. 16,00,000
and payment made through Cheque for
Rs. 12,00,000 and balance was paid in
cash. Entry for cheque was made by bank
on 2-12-2016.
 2/9/2016
• Interest received in cash Rs. 35,000 .
• Selling expenses paid through Cheque Rs.
20,000 and bank cleared the cheque on the
same date.
• Freight expenses of Rs. 35,000 paid through
cheque which was entered by bank on 2-10-
2016.
 2/09/2016
• Interest received in the form of Cheque Rs. 17,500
and bank credited the amount on 2-11-2016.
• Cash withdrawn from bank Rs 40,000 and bank
debited the amount on 1-12-2016.

Prepare Bank Reconciliation Statement as on 1.10.2016 and show

the reason for mis-match of balance as per company’s books and
as per bank books
Specify the outcome of all above transactions in form of Profit and
Loss A/c, Balance Sheet.