Bank reconciliation exercise and answer

ABC’s Cash Book at 30th November 1982 showed an overdrawn position of £3,630 which did not match with her bank statement. Detailed examination of the two records revealed the following:
(a) The debit side of the cash book had been undercast by £300.
(b) A cheque for £1,560 in favour of Z Suppliers Ltd., had been omitted by the bank from its statement, the cheque having been debited to another customer’s account.
(c) A lodgement of £1080 on 30th November had not been credited by the bank.
(d) Interest amounting to £228 had been debited by the bank but not entered in the cash book.

Required:
Reconcile the balance of the cash book and bank statement to the corrected bank balance.






















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Answer
Bank Reconciliation Statement as at 30.11.82
$ $
Balance as per cash book (3630)
Add: Debit side of cash book undercast 300

(3330)
Less: Interest not entered in cash book 228

Balance as per corrected cash book balance 3558

$ $
Balance as per bank statement (3078)
Add: Uncredited deposite (Bank lodgement) 1080

(1998)
Less: Cheque omitted (Bank error) 1560

Balance as per corrected cash book balance (3558)