On 1st January, 2018.Naresh had an …
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On 1st January, 2018.Naresh had an overdraft of ₹40,000 as shown by his cash book in the bank coloumn . Cheques amounting to ₹ 10,000 had been deposited by him but were not collected by the bank by 1st January , 2018 . He issued cheques of ₹ 7,000 which were not presented to the bank for payment up to that day . There was also a debit in his Pass Book of ₹ 600 for interest and ₹ 500 for bank charges .
Prepare a Bank Reconciliation Statement .
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