From the following particulars of Raja traders, prepare a bank reconciliation statement as on 31st January, 2018.
(a) Balance as per bank statement Rs 5,000
(b) Cheques amounting to Rs 800 had been recorded in the cash book as having been deposited into the bank on 25th January 2018, but were entered in the bank statement on 2nd February 2018.
(c) Amount received by bank through NEFT amounting to Rs 3,000, omitted in the cash book.
(d) Two cheques issued for Rs 3,000 and Rs 2,000 on 29th March 2018. Only the first cheque is presented for payment.
(e) Insurance premium on motor vehicles for Rs 1,000 paid by the bank as per standing instruction not recorded in the cash book.
(f) Credit side of cash book was undercast by Rs 700.
(g) Subsidy received directly by the bank from the state government amounting to Rs 10,000, not entered in cash book.
