Current Bank A/c Balance as per bank statement is Rs. 100,000 Dr.
Since Cheque issued but not presented for payment of Rs. 49,00,000 and hence bank balance in books of Accounts is Rs. 50,00,000 Cr. & Reconciliation is prepared.
Since current a/c balance having cr. Balance even no credit facility is allowed by bank, then whether these transactions/book balance are acceptable or this has be rectify since we are understating creditors by issuing cheque entry.