Overdraft shown by the passbook of Mr. Murli is Rs 20,000. Prepare bank reconciliation statement on dated March 31, 2017.   (5 marks)

(i) Bank charges debited as per passbook Rs 500.

(ii) Cheques recorded in the cash book but not sent to the bank for collection Rs 2,500.

(iii) Received a payment directly from customer Rs 4,600.

(iv) Cheque issued but not presented for payment Rs 6,980.

(v) Interest credited by the bank Rs 100.

(vi) LIC paid by bank Rs 2,500.

(vii) Cheques deposited with the bank but not collected Rs 3,500.