a. On Chaitra 2080, Bank Statement disclosed a balance of Rs.11,400 and Cash Book showed the balance of Rs.11,000 i) Deposit in transit Rs.2,000 ii) Cheque issued of Rs.6,000 but only Rs.2,000…

a. On Chaitra 2080, Bank Statement disclosed a balance of Rs.11,400 and Cash Book showed the balance of Rs.11,000 i) Deposit in transit Rs.2,000 ii) Cheque issued of Rs.6,000 but only Rs.2,000 presented for payment. iii) Notes receivable and interest collected by the bank Rs.2,500 and Rs.600 respectively. iv) Cheque of Rs.4,800 deposited by the company on Chaitra was recorded by the bank as Rs.4,200 v) A customer's cheque for Rs.3,000 was returned by the bank due to insufficient fund. vi) EFT payment Rs.1,000. vii) Bank charge Rs.100 for the service provided by the bank Required: Bank Reconciliation Statement [5]

b. What is receivable? What are the different types of receivable? [2+3=5]