Account 4 Marks Question

Govind maintains his Current Account with HDFC Bank. On 31st March, 2023, the bank column of Cash Book showed an overdraft of ₹ 42,000 in his Current Account. From the following particulars, prepare Bank Reconciliation Statement as on 31st March, 2023:
i. A cheque of ₹ 1,040 deposited was dishonoured and bank charges debited in the Pass Book were ₹ 110 . It was not recorded in the Cash Book.
ii. Out of the total cheques of ₹ 1,00,000 issued, cheques aggregating ₹ 30,000 were debited in March, cheques aggregating ₹ 40,000 were debited in April, and the rest have not yet been debited.
iii. Payments side of the Cash Book is undercast by ₹ 3,000 .
iv. A cheque of ₹ 4,000 received from Om on 20th March, 2023 was recorded in the discount column of the Cash Book and was not banked.
v. ₹ 80 for bank charges were recorded two times in the Cash Book whereas bank levied annual charges of ₹ 70 , which were not recorded in the Cash Book.

The cash book shows a bank balance of ₹ 7,800 . On comparing the cash book with the passbook the following discrepancies were noted:
i. Cheque deposited in bank but not credited ₹ 3,000
ii. Cheque issued but not yet present for payment ₹ 1,500
iii. An insurance premium paid by the bank ₹ 2,000
iv. Bank interest credit by the bank ₹ 400
v. Bank charges ₹ 100
vi. Directly deposited by a customer ₹ 4,000

Enter the following transaction in a two column cash book

2013		Amt (Rs.)
Feb-01	Cash in hand	75,000
Feb-05	Paid to Kartik	15,000
	Discount allowed by Kartik	500
Feb-08	Goods purchased	20,000
Feb-10	Received from Parth	49,000
	Discount allowed to Parth	1,000
Feb-16	Goods sold	20,000
Feb-21	Paid to Aroha	14,750
	Discount allowed by him	250
Feb-28	Paid wages for the month	25,000
	Paid in full settlement of Rs. 20,000 to Amit	19,500

The following are the balances extracted from the books of Amit. Prepare a Trial Balance as on 31st March, 2023:

	₹		₹
Cash	2,000	Sundry Creditors	40,000
Capital	80,000	Investment	8,000
Purchases	85,000	Plant and Machinery	15,000
Sales	1,08,400	Building	20,000
Purchases Return	6,000	Furniture	6,000
Sales Return	4,000	Electricity	700
Transportation	1,800	Postage	400
Discount Allowed	500	Drawings	8,000
Printing	5,000	Salaries	6,000
Sundry Debtors	70,000	Travelling Expenses	2,000
Input CGST A/c	2,500	Output CGST A/c	1,500
Input SGST A/c	2,500	Output SGST A/c	1,500
Input IGST A/c	4,000	Output IGST A/c	6,000