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(SOLUTION)

i. Prepare a Bank reconciliation statement of Silicon Corporation as on December 31st 2011. Silicon Corporation, Bank Reconciliation Statement, As on 31st December, 2011.
Dated	Particulars	(Dr)	(Cr)	Balance
31-12-11	Balance as per Cash Book (Over Draft)		60000	60000
22-12-11	Wrongly debited to Cash Book - Less	1000		59000
22-12-11	Wrongly Credited to Mr. x y z - Add		1000	60000
22-12-11	Cheque sent to bank for collection - Add		8000	68000
	Received by the bank on his own behalf corporation ABC- Add		1500	69500
28-12-11	Unpresented cheque Less	8000		61500
	Debited in the Pass Book as interest on - Less	4000		57500
	Overdraft and bank charges respectively - Less	1200		58700
	direct payment by the bank for insurance premium - Add		200	58500
27-12-11	Un presented cheque - Add		1000	57500
31-12-11	As per the standing instructions, the banker collected dividend		1000	58500
	Cheque drawn for personal use and wrongly credited - Add		1500	60000
	Total Contra	14200	14200	60000
31-12-11	Balance as per Pass Book (Overdraft)		(60000).	(Dr.)

ii. Pass necessary journal entries to correct bank column of the cash book.

Necessary Journal Entries

	1.Wrongly Credited to Mr. x y z
	x.y.z a/c
Dr.						Cr.
Date		Particular	F	Amount		Date	Particular	F	Amount
		Amount paid Wrongly Credited		2000			Cash A/C		1000
2.Un presented cheque
Dr.						Cr.
Date		Particular	F	Amount		Date	Particular	F	Amount
		Un Presented cheque		8000			Creditors A/C		8000
3.As per the standing instructions, the banker collected dividend
Dr.						Cr.
Date		Particular	F	Amount		Date	Particular	F	Amount
		Dividend		8000			Bank A/C		8000
4.Bank charges
Dr.						Cr.
Date		Particular	F	Amount		Date	Particular	F	Amount
		Bank charges		1200			Cash A/c  / Bank A/c		1200