Bank reconciliation problems at Dhandapani Trading House: 

Dhandapani Trading House received the bank statement which shows a balance of ₹11,467 on June 30. Assume further that the cash balance shown in company’s record is ₹7,500. The following differences between the bank statement and company’s record were identified by the following items:

(i) A Cheque for ₹2,900 deposited on June 30 was yet to be collected on that date

(ii) Cheques issued and recorded by the company, but not yet presented to the bank for payment are as follows:

(iii) A debit advice was included with the bank statement for quarterly service charge of ₹195.

(iv) The credit advice was included with the bank statement for interest on term deposit of ₹165.

(v) A credit advice included with the bank statement indicated that the bank had collected a bill receivable for ₹1,200 together with interest of ₹24.

(vi) Comparison of the cheque counterfoils with the bank statement showed that cheque number 2112 in the amount of ₹7,418.00, in payment for purchase of merchandise, had been incorrectly recorded in the accounting records as ₹7,481.00.

Please make bank reconciliation for Dhandapani Trading House.

Transcribed Image Text:

Cheque no. 51009 51107 51013 51116 51118 Date 24/05 29/05 25/06 29/06 29/06 Amount (3) 1,800 1,225 705 105 1,775