Bank Reconciliation Statement

Bank Reconciliation Statement

Jalash, a sole trader received his bank statement for the month of June 2016. At that date the bank balance was sh 706,500 whereas his cash book balance was sh. 2,366,500 his accountant investigated the matter and discovered the following discrepancies:

  1. Bank charges of sh 3,000 had not entered in the cash book
  2. Cheque drawn by Jalash totaling sh. 22,500 had not yet been presented to the bank
  3. He had not entered receipts of sh 26,500 in his cash book
  4. The bank had not credited Mr. Jalash with receipt of sh. 98,500 paid into the bank on 30th June 2016
  5. Standing order payments amounting to sh 62,000 had not been entered into the cash book
  6. In the cash book Jalash had entered a payment of sh as sh 79,400
  7. A cheque for sh 15,000 from a debtor had been returned by the bank marked “refer drawer” but had not been written back into cash book
  8. Jalash had brough forward the opening cash balance of sh 329,250 as a debit balance instead of a credit balance
  9. An old cheque payment amounting to sh 44,000 had been written back in the cash book but the bank had already honoured it
  10. Some of Jalash’s customer had agreed to settle their debts by paying into his bank account. Unfortunately, the bank had credited some deposits amounting to sh. 832,500 to another customer’s account. However, acting on information from his customers, Jalash had actually entered the expected receipts from the debtors in his cash book


  1. A statement showing Jalash’s adjusted cash book balance as at 30 June 2016
  2. A bank reconciliation statement as at 30 June 2016

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