Accounting


Accounting Forum

AccountingCoach.com is the world's largest free online accounting course.


Not signed in (Sign In)

Categories

Vanilla 1.1.7 is a product of Lussumo. More Information: Documentation, Community Support.

Welcome Guest!
Want to take part in these discussions? If you have an account, sign in now.
If you don't have an account, apply for one now.

General Accounting Discussions: I face Problem to solve "BANK RECONCILIATION STATEMENT" Help me Plz

Bottom of Page

1 to 2 of 2

  1.  
    • CommentAuthorSaeed Khan
    • CommentTimeSep 5th 2009 edited
     
    Prepare the bank reconciliation statement from the following information.
    1. Bank overdraft as per Bank Statement Rs.4500.
    2. Cheques issued but not presented for payment amounting Rs.250.
    3. Cheques deposited into bank has not been yet credited Rs.450.
    4. Bank charges Rs.125 have not been recorded in the cash book.
    5. Dividend collected by bank on the behalf of customer Rs.120 has not been recorded in the cash book.

    I cannot solve the above problem, kindly someone solve it for me.
    • CommentAuthorpk
    • CommentTimeSep 5th 2009 edited
     
    Balance per Bank Statement -4,500

    Less : Outstanding Cheques -250
    Add : Deposit in Transit 450
    Add : Unaccounted Bank Charges 125
    Less : unbooked Dividend -250

    Adjusted Book Balance -4425


    savin.yakeep@yahoo.com
    Thankful People: tgm603

1 to 2 of 2

  1.  



 

Why AccountingCoach.com?

the accounting coach

AccountingCoach.com is designed to help people without an accounting background easily understand accounting concepts at no cost.


By investing thousands of hours, we have created clear and concise accounting information for both business people and students of all ages.


We understand how difficult accounting can be. That's why we have ensured that each accounting topic includes a clear explanation, reinforcing drills, Q&A, puzzles, dictionary of terms, etc.


Read 1,440 Visitor Testimonials



What's on AccountingCoach.com?