Accountancy Dk Goel 2019 Solutions for Class 11 Commerce Accountancy Chapter 9 Bank Reconciliation Statement are provided here with simple step-by-step explanations. These solutions for Bank Reconciliation Statement are extremely popular among class 11 Commerce students for Accountancy Bank Reconciliation Statement Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Accountancy Dk Goel 2019 Book of class 11 Commerce Accountancy Chapter 9 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Accountancy Dk Goel 2019 Solutions. All Accountancy Dk Goel 2019 Solutions for class 11 Commerce Accountancy are prepared by experts and are 100% accurate.
Page No 15.27:
Question 1:
Rim Zim Ltd. maintains a current account with the State Bank of India. On 31st March, 2017, the bank column of its cash book showed a debit balance of â¹ 1,54,300. However, the bank statement showed a different balance as on that date. The following were the reasons for the difference :
â¹ | ||
(i) | Cheques deposited, but not yet credited by the bank | 75,450 |
(ii) | Cheques issued, but not yet presented for payment | 80,760 |
(iii) | Bank charges not yet recorded in the cash book | 1,135 |
(iv) | Cheques received by the bank directly from trade debtors | 1,35,200 |
(v) | Insurance premium paid by the bank as per standing instructions, but not yet recorded in the cash book | 15,400 |
(vi) | Dividend collected by the bank, but not yet recorded in the cash book | 1,000 |
Answer:
Bank Reconciliation Statement as on March 31, 2017 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance as per Cash Book | 1,54,300 | ||
Add: (ii) Cheques issued but not presented
|
80,760 | ||
(iv) Cheques received by bank directly from Trade Debtors
|
1,35,200 | ||
(vi) Dividend collected not recorded in Cash Book
|
1,000 | ||
Less: (i) Cheques deposited but not credited by the bank
|
75,450 | ||
(iii) Bank charges not recorded in the Cash Book
|
1,135 | ||
(v) Insurance premium paid as per standing instructions
|
15,400 | ||
Credit Balance as per Pass Book | 2,79,275 | ||
3,71,260 | 3,71,260 | ||
Page No 15.28:
Question 2:
The balance of cash at bank as shown by the Cash Book of Pan & Co. on 31st December, 2016, was â¹ 7,500. On checking the entries in the Cash Book with the Pass Book, it was ascertained that cheques of â¹ 500 and â¹ 700 respectively paid in on 30th December, were not credited until the 2nd January following and three cheques of â¹ 600, â¹ 800 and â¹ 1,200 issued on the 28th December were not presented until the 3rd of January. There was a credit of â¹ 125 in the Pass Book in respect of interest under date 31st December, which was not entered in the Cash Book. There were also Bank Charges debited in the Pass Book amounting in all to â¹ 10 which were not entered in the Cash Book.
Prepare a Bank Reconciliation Statement as at 31st December, 2016.
Answer:
Bank Reconciliation Statement as on December 31, 2016 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance as per Cash Book | 7,500 | ||
Add: Cheques issued but not presented for payment
(600 + 800 + 1,200)
|
2,600 | ||
Interest credited by bank
|
125 | ||
Less: Cheques deposited but not credited by the bank
(500 + 700)
|
1,200 | ||
Bank Charges
|
10 | ||
Credit Balance as per Pass Book | 9,015 | ||
10,225 | 10,225 | ||
Page No 15.28:
Question 3:
On 30th June, 2014, the bank column of Mohan Kapoor's Cash Book showed a debit balance of â¹ 12,000. On checking the Cash Book with bank statement you find that:-
1. Cheques paid into Bank â¹ 8,000, but out of these only cheques of â¹ 6,500 were cleared and credited by the Bankers upto 30th June.
2. Cheques of â¹ 9,200 were issued but out of these only cheques of â¹ 7,000 were presented for payment upto 30th June.
3. The receipt column of the Cash Book has been undercast by â¹ 200.
4. The Pass Book shows a credit of â¹ 330 as interest on investments collected by bankers and debit of â¹ 60 for bank charges.
5. On 29th June a Customer deposited â¹ 3,000 direct in the bank account but it was entered only in the Pass Book.
Prepare a Bank Reconciliation Statement.
Answer:
Bank Reconciliation Statement as on June 30, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance as per Cash Book | 12,000 | ||
Add: 2. Cheques issued but not presented (9,200 – 7,000)
|
2,200 | ||
3. Receipt column of Cash Book was undercasted
|
200 | ||
4. Interest on investment collected by Bank
|
330 | ||
5. Amount directly deposited by Customer
|
3,000 | ||
Less: 1. Cheques deposited but not credited (8,000 – 6,500)
|
1,500 | ||
4. Bank Charges
|
60 | ||
Credit Balance as per Pass Book | 16,170 | ||
17,730 | 17,730 | ||
Page No 15.28:
Question 4:
On 30th June 2014, the bank balance as per Sanjay Yadav's Cash Book was â¹ 1,500. On comparing with the Pass Book the following information was received:-
1. Cheques amounting to â¹ 7,290 were issued on 28th June, of which one cheque of â¹ 1,300 was presented in the bank for payment on 4th July.
2. Cheques deposited into bank for â¹ 10,000, but of these cheques for â¹ 4,000 were cleared and credited in July.
3. Interest and Dividend on investments â¹ 580 collected by bank and credited to his account but he did not have any information for this.
4. Life Insurance Premium â¹ 750 paid by bank according to his standing orders.
5. Bank Charges â¹ 25 not recorded in the Cash Book.
Prepare a Bank Reconciliation Statement.
Answer:
Bank Reconciliation Statement as on June 30, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance as per Cash Book | 1,500 | ||
Add: 1. Cheques issued but not presented for payment
|
1,300 | ||
3. Interest and Dividend collected by Bank
|
580 | ||
Less: 2. Cheques deposited but not yet credited by the bank
|
4,000 | ||
4. Life Insurance Premium paid by Bank
|
750 | ||
5. Bank charges not recorded in Cash Book
|
25 | ||
Debit Balance (Overdraft) as per Pass Book | 1,395 | ||
4,775 | 4,775 | ||
Page No 15.29:
Question 5:
On comparing the Cash Book with Pass Book of Naman it is found that on March 31, 2017, bank balance of â¹ 40,960 showed by the Cash Book differs from the bank balance with regard to the following:
(a) Bank charges â¹ 100 on March, 31 2017, are not entered in the Cash Book.
(b) On March 21, 2017, a debtor paid â¹ 2,000 into the company's bank in settlement of his account, but no entry was made in the Cash Book of the company in respect of this.
(c) Cheques totalling â¹ 12,980 were issued by the company and duly recorded in the Cash Book before March 31, 2017, but had not been presented at the bank for payment until after that date.
(d) A bill for â¹ 6,900 discounted with the bank is entered in the Cash Book without recording the discount charge of â¹ 800.
(e) â¹ 3,520 is entered in the Cash Book as paid into bank on March 31st 2017, but not credited by the bank until the following day.
(f) No entry has been made in the Cash Book to record the dishonour on March 15, 2017 of a cheque for â¹ 650 received from Bhanu.
Prepare a reconciliation Statement as on March 31, 2017.
Answer:
Bank Reconciliation Statement as on March 31, 2017 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance as per Cash Book | 40,960 | ||
Add: (b) Amount directly paid by debtors
|
2,000 | ||
(c) Cheques issued but not presented for payment
|
12,980 | ||
Less: (a) Bank charges not recorded in Cash Book
|
100 | ||
(d) Discounting charges not recorded in Cash Book
|
800 | ||
(e) Amount deposited but not credited
|
3,520 | ||
(f) Cheque dishonoured but not recorded in Cash Book
|
650 | ||
Credit Balance as per Pass Book | 50,870 | ||
55,940 | 55,940 | ||
Page No 15.29:
Question 6:
Prepare Bank Reconciliation Statement as on 31st January, 2017, if Cash Book of Mr. Sanjay showed a credit balance of â¹ 20,100.
(i) The bank had paid fire insurance premium of â¹ 550 which does not appear in the Cash Book.
(ii) Cheques for â¹ 25,000 issued during January, but cheques for only â¹ 18,500 were presented for payment.
(iii) Interest collected by bank â¹ 740.
(iv) Cheques of â¹ 8,700 were deposited into bank, but cheques for â¹ 7,000 were cleared till 31st January, 2017.
(v) A customer deposited â¹ 620 directly into bank without informing Mr. Sanjay.
Answer:
Bank Reconciliation Statement as on 31st January,2017 |
|||
S. No. |
Particulars |
Plus Items (â¹) |
Minus Items (â¹) |
|
Overdraft as per the Cash Book (Cr.) |
|
20,100 |
(i) |
Fire insurance not debited |
|
550 |
(ii) |
Cheques not presented for payment |
6,500 |
|
(iii) |
Interest collected by bank not recorded |
740 |
|
(iv) |
Cheques not cleared by bank |
|
1,700 |
(v) |
Deposited directly into bank |
620 |
|
|
TOTAL |
7,860 |
22,350 |
|
Balance as per Pass Book (Dr.) |
14,490 |
|
Page No 15.29:
Question 7:
Tiwari and Sons find that the bank balance shown by their Cash Book on December 31, 2016 is â¹ 40,500 (Credit) but the Pass Book shows a difference due to the following reasons:
(i) A cheque for â¹ 5,000 drawn in favour of Manohar has not yet been presented for payment.
(ii) A post-dated cheque for â¹ 900 has been debited in the bank column of the Cash Book but it could not have been presented in any case.
(iii) Cheques totalling â¹ 10,200 deposited with the bank have not yet been collected and an another cheque for â¹ 4,000 deposited in the account has been dishonoured.
(iv) A Bill Payable for â¹ 10,000 was retired by the Bank under a rebate of â¹ 150 but the full amount of the bill was credited in the bank column of the cash book.
Prepare a Bank Reconciliation Statement and find out the balance as per Pass Book.
Answer:
Bank Reconciliation Statement as on December 31, 2016 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance (Overdraft) as per Cash Book | 40,500 | ||
Add: (i) Cheque issued but not presented for payment
|
5,000 | ||
(iv) Rebate received not recorded in Cash Book
|
150 | ||
Less: (ii) Post-dated cheque recorded as deposit in Cash Book
|
900 | ||
(iii) Cheques deposited but not credited
|
10,200 | ||
(iii) Cheque dishonoured and not recorded in Cash Book
|
4,000 | ||
Debit Balance (Overdraft) as per Pass Book | 50,450 | ||
55,600 | 55,600 | ||
Page No 15.30:
Question 8:
On 30th June 2014, the Cash Book of a trader shows a bank overdraft of â¹ 2,500. Following informations are available:-
1. Cheques amounting to â¹ 14,600 had been paid to the bank, but of these only â¹ 12,200 were credited in the Pass Book, up to 30th June, 2014.
2. He had also issued cheques amounting to â¹ 10,000, out of which only â¹ 3,600 had been presented for payment.
3. A cheque of â¹ 500 which he had debited to the bank account was not sent to bank for collection by mistake.
4. There is a debit in the Pass Book of â¹ 10 for Bank Charges and â¹ 50 for interest.
5. A customer directly paid into his bank â¹ 1,000, but it was not shown in the Cash Book.
6. Bank has paid insurance premium of â¹ 400 according to his instructions, but this is not recorded in the Cash Book.
Prepare a Bank Reconciliation Statement.
Answer:
Bank Reconciliation Statement as on June 30, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance (Overdraft) as per Cash Book | 2,500 | ||
Add: 2. Cheques issued but not presented (10,000 – 3,600)
|
6,400 | ||
5. Amount directly deposited by customer
|
1,000 | ||
Less: 1. Cheque paid into bank but not credited (14,600 – 12,200)
|
2,400 | ||
4. Bank charges
|
10 | ||
4. Bank interest
|
50 | ||
3. Cheque not sent to bank for collection
|
500 | ||
6. Insurance premium paid by bank as per standing instructions
|
400 | ||
Credit Balance as per Pass Book | 1,540 | ||
7,400 | 7,400 | ||
Page No 15.30:
Question 9:
On 31st December, 2014 the Cash Book of Basu showed an overdraft of â¹ 18,000 with the Bank of India. The balance did not agree with balance as shown by the Bank Pass Book and you find that Basu had paid into the Bank on 26th December four cheques for â¹ 10,000; â¹ 12,000; â¹ 6,000 and â¹ 8,000. Of these the cheque for â¹ 6,000 was credited by the bank in January, 2015. Basu had issued on 24th December three cheques for â¹ 15,000, â¹ 12,000, and â¹ 7,000. The first two cheques were presented to the bank for payment in December and the third in January, 2015.
You also find that on 31st December, 2014, the bank had debited Basu's Account for â¹ 500 for interest and â¹ 20 for charges but Basu has not recorded these amounts in his books.
You are required to prepare a Bank Reconciliation Statement as on 31st December, 2014 and ascertain the balance as per bank Pass Book.
Answer:
Bank Reconciliation Statement as on December 31, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance (Overdraft) as per Cash Book | 18,000 | ||
Add: Cheque issued but not presented for payment
|
7,000 | ||
|
|||
Less: Cheque deposited but not credited by Bank
|
6,000 | ||
Bank charged interest
|
500 | ||
Bank charges
|
20 | ||
Debit Balance (Overdraft) as per Pass Book | 17,520 | ||
24,520 | 24,520 | ||
Page No 15.30:
Question 10:
On 31st December, 2014 my Cash Book showed a credit balance of â¹ 8,800. I had paid into Bank three cheques amounting to â¹ 6,000 on 24th December of which I found â¹ 3,200 have been credited in the Pass Book under date 5th January 2015. I had issued cheques amounting to â¹ 8,000 before 31st December of which I found â¹ 2,500 have been debited in the Pass Book after 1st January 2015. I find a debit of â¹ 50 in respect of bank charges in the Pass Book which I have adjusted in the Cash Book on 31st Dec. There is a credit of â¹ 360 for interest on securities in the Pass Book which remains to be adjusted. A cheque of â¹ 1,200 deposited into bank has been dishonoured.
Prepare Bank Reconciliation Statement as on 31st Dec. 2014.
Answer:
Bank Reconciliation Statement as on December 31, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance (Overdraft) as per Cash Book | 8,800 | ||
Add: Cheque issued but not presented for payment
|
2,500 | ||
Bank collected interest on securities
|
360 | ||
|
|||
Less: Cheque deposited but not credited by Bank
|
3,200 | ||
Cheque dishonoured
|
1,200 | ||
Debit Balance (Overdraft) as per Pass Book | 10,340 | ||
13,200 | 13,200 | ||
Page No 15.31:
Question 11:
My bank Pass Book showed an overdraft of â¹ 6,500 on 31st March, 2017. This does not agree with the Cash Book balance. From the following particulars ascertain the Cash Book balance:-
Cheques amounting to â¹ 15,000 were paid into bank in March, out of which, it appears, only cheques amounting to â¹ 4,500 were credited by bank. Cheques issued during March amounted in all to â¹ 11,000. Out of these cheques for â¹ 3,000 were unpaid on 31st March, 2017. The Pass Book stands debited with â¹ 150 for interest and with â¹ 30 for bank charges. The bank had paid the annual subscription of â¹ 100 to my club according to my instructions. The entries for interest, bank charges and subscription have not yet been made in Cash Book.
Answer:
Bank Reconciliation Statement as on March 31, 2017 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 6,500 | ||
Add: Cheques deposited but not credited (15,000 – 4,500)
|
10,500 | ||
Bank charged interest
|
150 | ||
Bank Charges
|
30 | ||
Subscription paid by Bank as per standing instructions
|
100 | ||
Less: Cheques issued but not presented for payment
|
3,000 | ||
Debit Balance as per Cash Book
|
1,280 | ||
10,780 | 10,780 | ||
Page No 15.31:
Question 12:
Prepare the Bank Reconciliation Statement from the following particulars for the period ending 31st December, 2012.
(a) Overdraft as per Pass Book on 31-12-2012 â¹ 7,600.
(b) Cheques deposited but not collected by the bank â¹ 8,560.
(c) Incidental charges not recorded in Cash Book â¹ 80.
(d) Cheques were issued for â¹ 7,800 but only â¹ 4,400 were presented for payment.
(e) Insurance premium paid by bank not recorded in the Cash Book â¹ 4,200.
(f) On 31st December, 2012 cash was deposited in bank â¹ 385 but the cashier debited the bank column with â¹ 485 by mistake.
Answer:
Bank Reconciliation Statement as on December 31, 2012 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 7,600 | ||
Add: (b) Cheque deposited but not collected
|
8,560 | ||
(c) Incidental charges paid by Bank
|
80 | ||
(e) Insurance premium paid by Bank
|
4,200 | ||
(f) Amount wrongly entered in Cash Book (485 – 385)
|
100 | ||
|
|||
Less: (d) Cheque issued but not presented for payment
|
3,400 | ||
Debit Balance as per Cash Book | 1,940 | ||
12,940 | 12,940 | ||
Page No 15.31:
Question 13:
Prepare a Bank Reconciliation Statement from the following particulars:-
On 31st December 2014, I had an overdraft of â¹ 750 as shown by my Pass Book. I had issued cheques amounting to â¹ 250 of which â¹ 200 worth only seem to have been presented for payment. Cheques amounting to â¹ 100 had been paid in by me on 30th December, but of these only â¹ 75 were credited in the Pass Book. I also find that a cheque for â¹ 10 which I had debited to bank account in my books has been omitted to be banked. There is a debit of â¹ 25 in my Pass Book for interest.
An entry of â¹ 30 of a payment by a customer direct into the bank appears in the Pass Book. My Pass Book also shows a credit of â¹ 60 to my account for interest on investments directly collected by my bankers.
Answer:
Bank Reconciliation Statement as on December31, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 750 | ||
Add: Cheque deposited but not credited
|
25 | ||
Cheque recorded in cash book but not sent to bank
|
10 | ||
Interest charged by Bank
|
25 | ||
|
|||
Less: Cheque issued but not presented for payment
|
50 | ||
Amount deposited by customer
|
30 | ||
Interest on investments
|
60 | ||
Credit Balance (Overdraft) as per Cash Book | 830 | ||
890 | 890 | ||
Page No 15.32:
Question 14:
On 31st January, 2017 the Pass Book of Shri M.L. Gupta shows a debit balance of â¹ 41,000. Prepare a bank reconciliation statement from the following particulars:-
1. Cheques amounting to â¹ 15,600 were drawn on 27th January, 2017. Out of which cheques for â¹ 11,000 were encashed up to 31-1-2017.
2. A wrong debit of â¹ 800 has been given by the bank in the Pass Book.
3. A cheque for â¹ 200 was credited in the Pass Book but was not recorded in the Cash Book.
4. Cheques amounting to â¹ 21,000 were deposited for collection. But out of these, cheques for â¹ 7,400 have been credited in the Pass Book on 5th February, 2017.
5. A cheque for â¹ 1,000 was returned dishonoured by the bank and was debited in the Pass Book only.
6. Interest on overdraft and bank charges amounting to â¹ 100 were not entered in the Cash Book.
7. A cheque of â¹ 500 debited in the Cash Book omitted to be banked.
Answer:
Bank Reconciliation Statement as on January 31, 2017 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 41,000 | ||
Add: 2. Wrong debit in Pass Book
|
800 | ||
4. Cheques deposited but not credited
|
7,400 | ||
5. Cheque dishonoured by Bank
|
1,000 | ||
6. Interest on Overdraft charged by Bank
|
100 | ||
7. Cheque recorded in cash book but not sent to bank
|
500 | ||
Less: 1. Cheque issued but not presented (15,600 – 11,000)
|
4,600 | ||
3. Cheque credited in Pass Book but not recorded in Cash Book
|
200 | ||
Credit Balance (Overdraft) as per Cash Book | 36,000 | ||
45,800 | 45,800 | ||
Page No 15.32:
Question 15:
Prepare a Bank Reconciliation Statement on 31 December, 2014 from the following particulars:-
(a) A's overdraft as per Pass Book â¹ 20,000 as at 31st Dec.
(b) On 30th December, cheques had been issued for â¹ 80,000, of which cheques worth â¹ 15,000 only had been encashed up to 31st December.
(c) Cheques amounting to â¹ 6,500 had been paid into the bank for collection but of these only â¹ 2,500 had been credited in the Pass Book.
(d) The bank has charged â¹ 700 as interest on overdraft and the intimation of which has been received on 2nd January 2015.
(e) The Bank Pass Book shows credit for â¹ 2,000 representing â¹ 1,400 paid by debtor of A direct into the bank and â¹ 600 collected direct by bank in respect of interest on A,s investment. A had no knowledge of these items.
(f) A cheque for â¹ 3,600 has been debited in bank column of Cash Book by A, but it was not sent to bank at all.
Answer:
Bank Reconciliation Statement as on December 31, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 20,000 | ||
Add: (c) Cheque deposited but not collected (6,500 – 2,500)
|
4,000 | ||
(d) Interest on Overdraft charged by Bank
|
700 | ||
(f) Cheque recorded in cash book but not sent to bank
|
3,600 | ||
Less: (b) Cheque issued but not presented (80,000 – 15,000)
|
65,000 | ||
(e) Direct deposit by customer
|
1,400 | ||
(e) Interest on investments
|
600 | ||
Credit Balance (Overdraft) as per Cash Book | 78,700 | ||
87,000 | 87,000 | ||
Page No 15.32:
Question 16:
On 31st March, 2015 the Pass Book shows a credit balance of â¹ 9,000. Prepare a Bank Reconciliation Statement from the following particulars:-
â¹ | |
1. Cheques issued but not yet presented for payment | 7,000 |
2. Cheques issued but omitted to be recorded in the Cash Book | 3,800 |
3. Cheques paid into bank but not yet collected by the bank | 2,600 |
4. Premium on Life Policy paid by the bank on standing advice | 360 |
5. Payments received from customers direct by the bank | 2,000 |
Answer:
Bank Reconciliation Statement as on March 31, 2015 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance as per Pass Book | 9,000 | ||
Add: 2. Cheque issued but omitted to be recorded in Cash Book
|
3,800 | ||
3. Cheque deposited but not credited
|
2,600 | ||
4. Life insurance premium paid as per standing instructions
|
360 | ||
Less: 1. Cheque issued but not presented for payment
|
7,000 | ||
5. Direct deposit by Customer
|
2,000 | ||
Debit Balance as per Cash Book | 6,760 | ||
15,760 | 15,760 | ||
Page No 15.33:
Question 17:
From the following particulars, prepare a Bank Reconciliation Statement of Sh. Yadav on 31st December 2014:-
Balance as per Pass Book on 31st December, 2014 is â¹ 11,000. Cheques for â¹ 6,200 were issued during the month of December but of these cheques for â¹ 900 were presented in the month of January, 2015 and one cheque for â¹ 500 was not presented for payment. Cheque and cash amounting to â¹ 5,700 were deposited in bank during December but credit was given for â¹ 4,700 only. A customer had deposited â¹ 850 into the bank directly. The bank has credited the merchant for â¹ 150 as interest and has debited him for â¹ 30 as bank charges, for which there are no corresponding entries in Cash Book.
Answer:
Bank Reconciliation Statement as on December 31, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance as per Pass Book | 11,000 | ||
Add: Cheque deposited but not credited (5,700 – 4,700)
|
1,000 | ||
Bank charges
|
30 | ||
|
|||
Less: Cheque issued but not presented for payment (900 + 500)
|
1,400 | ||
Directly deposited by customer
|
850 | ||
Interest allowed by bank
|
150 | ||
Debit Balance as per Cash Book | 9,630 | ||
12,030 | 12,030 | ||
Page No 15.33:
Question 18:
Prepare Bank Reconciliation Statement from the following particulars on June 30, 2016:
Bank Statement showed a favourable balance of â¹ 9,214.
(a) On 29th June, the bank credited the sum of â¹ 1,650 in error.
(b) Certain cheques, valued at â¹ 4,500 issued before June 30, were not cleared.
(c) A hire purchase payment of â¹ 950, made by a standing order was not entered in the cash book.
(d) A cheque of â¹ 600 received, deposited and credited by bank, was accounted as a receipt in the cash column of the cash book.
(e) Other cheques for â¹ 8,500 were deposited in June but cheques for â¹ 6,000 only were cleared by the bankers.
Answer:
Bank Reconciliation Statement as on June 30, 2016 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance as per Pass Book | 9,214 | ||
Add: (c) Hire purchase payment made by Bank
|
950 | ||
(e) Cheque deposited but not credited (8,500 – 6,000)
|
2,500 | ||
|
|||
Less: (a) Amount wrongly credited by Bank
|
1,650 | ||
(b) Cheque issued but not presented for payment
|
4,500 | ||
(d) Cheque credited by Bank
|
600 | ||
Debit Balance as per Cash Book | 5,914 | ||
12,664 | 12,664 | ||
Page No 15.33:
Question 19:
On 30th June 2014 Pass Book showed a balance of â¹ 5,200. Prepare Bank Reconciliation Statement from the following particulars:-
I. Out of total cheques amounting to â¹ 16,000 deposited, cheques amounting to â¹ 9,000 were credited in June 2014, Cheques amounting to â¹ 3,000 were credited in July 2014, and the rest have not been collected so far.
II. Out of total cheques amounting to â¹ 45,000 drawn, cheques amounting to â¹ 7,500 were presented in June 2014, Cheques amounting to â¹ 18,000 were presented in July 2014, and the rest have not been presented so far.
III. Amount wrongly credited by bank â¹ 3,400.
IV. Payment side of the Cash Book has been undercast by â¹ 200.
V. Cheques recorded in the Cash Book in June 2014 but sent to bank in July 2014 â¹ 2,500.
VI. A cheque of â¹ 20,000 deposited in the bank has been dishonoured but no intimation was received till June 2014.
Answer:
Bank Reconciliation Statement as on June 30, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance as per Pass Book | 5,200 | ||
Add: I. Cheque deposited but not credited (16,000 – 9,000)
|
7,000 | ||
IV. Payment side of Cash Book was undercasted
|
200 | ||
V. Cheque recorded in cash book but not sent to bank
|
2,500 | ||
VI. Cheque dishonoured by Bank
|
20,000 | ||
Less: II. Cheque issued but not presented for payment (45,000 – 7,500)
|
37,500 | ||
III. Amount wrongly credited by Bank
|
3,400 | ||
Credit Balance (Overdraft) as per Cash Book | 6,000 | ||
40,900 | 40,900 | ||
Page No 15.33:
Question 20:
On 30th June, 2014 the Pass Book of Sh. Mahabir Prashad showed a balance of â¹ 22,000. On comparing the Pass Book with Cash Book the following differences were found:-
1. Mahabir Prashad had paid into the Bank on 26th June four cheques for â¹ 3,000; â¹ 6,000; â¹ 8,000 and â¹ 10,000. Of these, the cheque for â¹ 6,000 was credited by the bank in July 2014.
2. On 23rd June three cheques were drawn for â¹ 12,000; â¹ 13,000 and â¹ 16,000. The first two cheques were presented to the bank for payment in June and the third in July 2014.
3. Cheques amounting to â¹ 3,600 were deposited in the bank but no entry was passed in the Cash Book.
4. Bank charges entered in Cash Book twice â¹ 50.
5. Cheque received entered twice in the Cash Book â¹ 3,200.
Prepare a Bank Reconciliation Statement as on 30th June 2014.
Answer:
Bank Reconciliation Statement as on June 30, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance as per Pass Book | 22,000 | ||
Add: 1. Cheque deposited but not credited
|
6,000 | ||
5. Cheque received entered twice in Cash Book
|
3,200 | ||
Less: 2. Cheque issued but not presented for payment
|
16,000 | ||
3. Cheque deposited not recorded in Cash Book
|
3,600 | ||
4. Bank charges entered twice in Cash Book
|
50 | ||
Debit Balance as per Cash Book | 11,550 | ||
31,200 | 31,200 | ||
Page No 15.34:
Question 21:
On 31st March, 2017, Pass Book showed a balance of â¹ 25,000. Prepare a Bank Reconciliation Statement from the following particulars:
(i) Cheques of â¹ 20,000 were deposited in Bank on 27th March, 2017, out of which cheques of â¹ 5,000 were cleared on 1st April, 2017. Rest are not cleared.
(ii) On 28th March, 2017, cheques were issued amounting to â¹ 15,000, out of which cheques of â¹ 3,000 were presented in March, â¹ 4,000 on 2nd April and rest were not presented.
(iii) Cheques of â¹ 10,000 were deposited in Bank on 28th March, 2017, out of which cheques of â¹ 4,000 were cleared on 2nd April, 2017 and rest are dishonoured.
(iv) Interest on investment collected by bank does not appear in the Cash Book â¹ 800.
(v) A B/R of â¹ 9,000 previously discounted from the bank was dishonoured on 30th March, 2017 but no intimation was received from the bank till 31st March.
(vi) Bank has debited â¹ 1,500 and credited â¹ 1,200 in our account.
Answer:
Bank Reconciliation Statement as on March 31, 2017 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance as per Pass Book | 25,000 | ||
Add: (i) Cheque deposited into Bank but not credited
|
20,000 | ||
(iii) Cheque deposited but not collected by Bank
|
10,000 | ||
(v) Bills Receivable discounted with bank dishonoured
|
9,000 | ||
(vi) Bank debited our account
|
1,500 | ||
Less: (ii) Cheque issued but not presented for payment (15,000 – 3,000)
|
12,000 | ||
(iv) Interest on Investment collected by Bank
|
800 | ||
(vi) Bank credited our account
|
1,200 | ||
Debit Balance (Overdraft) as per Cash Book
|
51,500 | ||
65,500 | 65,500 | ||
Page No 15.34:
Question 22:
On 31st March, 2019 the Cash Book of Gopal disclosed a balance of â¹ 12,580. On checking entries in the Cash Book with the bank statement, it was ascertained that:
(i) Cheques amounting to â¹ 18,000 were drawn on 25th March, of which cheques of â¹ 4,800 were cashed before 31st March.
(ii) Cheques for â¹ 18,000 were sent for collection out of which cheques for â¹ 8,200 were credit by bank after 31st March.
(iii) An amount of â¹ 5,000 paid directly into the merchant's account by a customer was not entered in the Cash Book.
(iv) On 31st March, cash was deposited into the bank â¹ 12,720 but the cashier debited the bank account with â¹ 12,270 by mistake.
(v) Dividend collected by bank on our behalf â¹ 570 does not appear in the Cash Book.
(vi) â¹ 300 is entered in the bank statement as bank charges. This was recorded as â¹ 200 in the cash book.
You are required:
(i) to prepare the Amended Cash Book, and
(ii) then prepare a Bank Reconciliation Statement.
Answer:
Adjusted Cash Book (Bank Column only) as on March 31, 2019 |
|||||||||
Dr. | Cr. | ||||||||
Date | Particulars | J.F. | Amount (â¹) | Date | Particulars | J.F. | Amount (â¹) | ||
Balance b/d | 12,580 | (vii) | Bank Charges | 100 | |||||
(v) | Cheques deposited undercasted (12,720 – 12,270) |
450 | Balance c/d | 18,500 | |||||
(iii) | Customer’s A/c (Direct deposit by customer) |
5,000 | |||||||
(vi) | Dividend | 570 | |||||||
18,600 | 18,600 | ||||||||
Bank Reconciliation Statement as on March 31, 2019 |
|||
S. No. | Particulars | Plus Items (â¹) | Minus Items (â¹) |
Debit Balance as per Amended Cash Book | 18,500 | ||
Add: (i) Cheque issued but not presented (18,000 – 4,800)
|
13,200 | ||
Less: (ii) Cheque deposited but not credited
|
8,200 | ||
Credit Balance as per Pass Book
|
23,500 | ||
31,700 | 31,700 | ||
Page No 15.35:
Question 23:
The Cash Book of a merchant showed an overdraft balance of â¹ 15,700 on 31st December 2018. On comparing it with the Pass Book, the following differences were noted:
(i) Cheques amounting to â¹ 12,250 were deposited into the bank, out of which cheques for â¹ 8,200 have been credited in the Pass Book on 2nd January, 2019.
(ii) Cheques were issued amounting to â¹ 8,300 of which cheques for â¹ 2,000 have been cashed upto 31st Dec.
(iii) A cheque of â¹ 4,250 issued to a creditor, has been entered in the Cash Book as â¹ 4,520.
(iv) Bank charges of â¹ 180 on 30th November 2018 and â¹ 240 on 30th December 2018 have not been entered in the Cash Book.
(v) A B/R for â¹ 6,000 discounted with the bank is entered in the Cash Book without recording the discount charges of â¹ 300.
(vi) A cheque for â¹ 2,000 deposited into the bank appear in the Pass Book, but not recorded in the Cash Book.
(vii) A cheque for â¹ 3,700 deposited into the bank appear in the Pass Book, was recorded in the cash column of the Cash book.
You are required:
(i) to make appropriate adjustments in the cash book, bringing down the correct balance, and
(ii) to prepare a bank reconciliation statement with the adjusted balance.
Answer:
Adjusted Cash Book (Bank Column only) as onDecember 31, 2018 |
|||||||||
Dr. | Cr. | ||||||||
Date | Particulars | J.F. | Amount (â¹) | Date | Particulars | J.F. | Amount (â¹) | ||
(iii) | Cheque issued overcasted (4,520 – 4,250) |
270 | Balance b/d | 15,700 | |||||
(vi) | Customer’s A/c (direct deposit by customer) |
2,000 | (iv) | Bank Charges A/c (180 + 240) |
420 | ||||
(viii) | Customer’s A/c (cheque not recorded in bank column) |
3,700 | (v) | Discounting charges A/c (not recorded) |
300 | ||||
Balance c/d | 10,450 | ||||||||
16,420 | 16,420 | ||||||||
Bank Reconciliation Statement as on December 31, 2018 |
|||
S. No. | Particulars | Plus Items (â¹) | Minus Items (â¹) |
Credit Balance (Overdraft) as per Amended Cash Book | 10,450 | ||
Add: (ii) Cheques issued but not presented (8,300 – 2,000)
|
6,300 | ||
Less: (i) Cheques deposited but not credited
|
8,200 | ||
Debit Balance (Overdraft) as per Pass Book | 12,350 | ||
18,650 | 18,650 | ||
Page No 15.35:
Question 24:
On 31st March, 2019 the bank column of the Cash Book of Mr. Rajesh showed a debit balance of â¹ 5,200. On examining the Pass Book you find that:
(i) Cheques of â¹ 20,000 were sent to bank for collection; Out of these cheques of â¹ 4,000 and of â¹ 5,000 were credited respectively on 5th April and 6th April respectively and the remaining cheques were credited before 31st March.
(ii) A cheque for â¹ 7,500 received from a customer although entered in the bank column of the Cash Book, was omitted to be paid into the bank.
(iii) Cheques drawn for â¹ 25,000 were not presented for payment.
(iv) Credit side of the bank column of the Cash Book was overcast by â¹ 100.
(v) A B/P for â¹ 3,600 has been paid by the bank, but not yet recorded in the Cash Book.
(vi) No entry has been made in the Cash Book to record the dishonour on 28th March 2019, of a cheque for â¹ 5,400 received from a customer.
(vii) A cheque for â¹ 2,500 issued to a creditor was wrongly entered in the cash column of the Cash Book.
(viii) In the Cash Book, bank charges of â¹ 200 were entered twice while another bank charge of â¹ 500 was not recorded at all.
You are required to show the necessary corrections in the Cash Book and to prepare a statement reconciling the amended cash balance with that shown in bank Pass Book.
Answer:
Adjusted Cash Book (Bank Column only) as on March 31, 2019 |
|||||||||
Dr. | Cr. | ||||||||
Date | Particulars | J.F. | Amount (â¹) | Date | Particulars | J.F. | Amount (â¹) | ||
Balance b/d | 5,200 | (v) | Bills Payable A/c | 3,600 | |||||
(iv) | Credit side overcasted | 100 | (vi) | Customer A/c (Dishonour of Cheque) |
5,400 | ||||
(viii) | Bank Charges A/c (entered twice) | 200 | (vii) | Supplier’s A/c (Cheque issued recorded in cash column) | 2,500 | ||||
Balance c/d | 6,500 | (viii) | Bank Charges A/c | 500 | |||||
12,000 | 12,000 | ||||||||
Bank Reconciliation Statement as on March 31, 2019 |
|||
S. No. | Particulars | Plus Items (â¹) |
Minus Items (â¹) |
Credit Balance (Overdraft) as per Amended Cash Book | 6,500 | ||
Add: (iii) Cheque issued but not presented for payment
|
25,000 | ||
Less: (i) Cheque deposited but not credited (4,000 + 5,000)
|
9,000 | ||
(ii) Cheque recorded in cash book but not sent to bank
|
7,500 | ||
Debit Balance (Overdraft) as per Pass Book | 2,000 | ||
25,000 | 25,000 | ||
Page No 15.36:
Question 25:
From the following items prepare a Bank Reconciliation Statement on 31st May 2015:
(a) Bank balance as per Cash Book on 31st May 2015 â¹ 17,600.
(b) Cash and cheques totalling â¹ 36,000 were sent to bank during May but one cheque of â¹ 11,800 was shown in the Pass Book on 2nd June.
(c) As per instructions bankers have directly collected â¹ 4,100 from a customer but there is no mention of it in the Cash Book.
(d) Three cheques for â¹ 10,000, â¹ 12,000 and â¹ 4,800 respectively were drawn on 27th May but the cheque for â¹ 4,800 was encashed on 1st June.
(e) On 31st May bankers had debited â¹ 45 as bank charges but had intimated it on 3rd June.
(f) â¹ 16,200 were withdrawn from bank on 25th May but there is no entry for it in the Cash Book.
Answer:
Bank Reconciliation Statement as on May 31, 2015 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance as per Cash Book | 17,600 | ||
Add: (c) Amount directly deposited by customer
|
4,100 | ||
(d) Cheque issued but not presented for payment
|
4,800 | ||
Less: (b) Cheque deposited but not collected
|
11,800 | ||
(e) Bank charges
|
45 | ||
(f) Amount withdrawn from bank was not recorded in Cash Book
|
16,200 | ||
Debit Balance (Overdraft) as per Pass Book | 1,545 | ||
28,045 | 28,045 | ||
Page No 15.36:
Question 26:
On 31st December, 2014 the Cash Book of Gopal showed debit balance of â¹ 12,000. On comparing the Cash Book with the Pass Book, the following discrepancies were noted:-
(a) Cheques were issued for â¹ 15,000, but of them cheques for â¹ 7,700 have not yet been presented.
(b) Cheques for â¹ 8,000 were deposited in bank but of these cheques for â¹ 2,000 were not recorded in the Cash Book.
(c) Cheques deposited in bank but not credited â¹ 3,800.
(d) A cheque for â¹ 350 was paid into bank but bank credited the amount with â¹ 530 by mistake.
(e) Bank received interest on debentures on behalf of Gopal amounting to â¹ 300.
(f) It was also found that the total of one page on the payment side of the Cash Book was â¹ 4,520 but it was written on the next page as â¹ 5,420.
Prepare a Bank Reconciliation Statement.
Answer:
Bank Reconciliation Statement as on December 31, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance as per Cash Book | 12,000 | ||
Add: (a) Cheque issued but not presented
|
7,700 | ||
(b) Cheque deposited but not entered in Cash Book
|
2,000 | ||
(d) Amount wrongly credited by bank (530 – 350)
|
180 | ||
(e) Interest on Debentures received
|
300 | ||
(f) Overcasting of Payment side of Cash Book (5,420 – 4,520)
|
900 | ||
Less: (c) Cheque deposited but not credited
|
3,800 | ||
Credit Balance as per Pass Book | 19,280 | ||
23,080 | 23,080 | ||
Page No 15.36:
Question 27:
On checking the Bank Pass Book it was found that it showed an overdraft of â¹ 5,220 as on 31.12.2014, while as per Ledger it was different to Bank Debit. The following differences were noted:
(i) Cheques deposited but not yet credited by bank â¹ 6,000.
(ii) Cheques dishonoured and debited by bank but not given effect to it in the Ledger â¹ 800.
(iii) Bank charges debited by bank but Debit Memo not received from bank â¹ 50.
(iv) Interest on overdraft excess credited in the Ledger â¹ 200.
(v) Wrongly credited by bank to account, deposit of some other party â¹ 900.
(vi) Cheques issued but not presented for payment â¹ 400.
Answer:
Bank Reconciliation Statement as on December 31, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 5,220 | ||
Add: (i) Cheque deposited but not credited
|
6,000 | ||
(ii) Cheque deposited and dishonoured
|
800 | ||
(iii) Bank charges
|
50 | ||
|
|||
Less: (iv) Interest on overdraft excess credited in ledger
|
200 | ||
(v) Amount wrongly credited by bank
|
900 | ||
(vi) Cheques issued but not presented for payment
|
400 | ||
Debit Balance as per Cash Book | 130 | ||
6,850 | 6,850 | ||
Page No 15.37:
Question 28:
Following information has been given by Rajendra. Prepare a Bank Reconciliation Statement as on 31st Dec. 2016, showing balance as per cash book:
(i) Debit balance shown by the pass book â¹ 17,800.
(ii) Cheques of â¹ 21,600 were issued in the last week of December, but of these â¹ 14,800 only were presented for payment.
(iii) Cheques of â¹ 10,750 were deposited in bank, out of them a cheque of â¹ 4,200 was credited in the first week of January, 2017.
(iv) A cheque of â¹ 1,200 was debited in the cash book but was not deposited in bank.
(v) Insurance premium paid by bank â¹ 1,450.
(vi) A bill of exchange for â¹ 6,200 which was discounted with bank, returned dishonoured but no entry was made in the cash book.
(vii) Bank charges and interest charged by bank are â¹ 350.
Answer:
Bank Reconciliation Statement as on December 31, 2016 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 17,800 | ||
Add: (iii) Cheque deposited but not credited
|
4,200 | ||
(iv) Cheque received but not sent to Bank
|
1,200 | ||
(v) Insurance premium paid
|
1,450 | ||
(vi) Bills of Exchange dishonoured
|
6,200 | ||
(vii) Bank charges and interest on overdraft
|
350 | ||
Less: (ii) Cheque issued but not presented (21,600 – 14,800)
|
6,800 | ||
Credit Balance (Overdraft) as per Cash Book | 11,200 | ||
24,600 | 24,600 | ||
Page No 15.37:
Question 29:
From the following particulars prepare a bank reconciliation statement of Govil as on 31st December, 2014.
Balance as per Pass Book on 31st December 2014 is â¹ 8,500. Cheques for â¹ 5,100 were issued during the month of December but of these cheques for â¹ 1,200 were presented in the month of January 2015 and one cheque for â¹ 200 was not presented for payment. Cheques and cash amounting to â¹ 4,800 were deposited in bank during December but credit was given for â¹ 3,800 only. A customer has deposited â¹ 800 into bank directly. The bank credited the merchant for â¹ 200 as interest and has debited him for â¹ 30 as bank charges for which there are no corresponding entries in Cash Book.
Answer:
Bank Reconciliation Statement as on December 31, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance as per Pass Book | 8,500 | ||
Add: Cheque deposited but not credited (4,800 – 3,800)
|
1,000 | ||
Bank charges
|
30 | ||
Less: Cheque issued but not presented (1,200 + 200)
|
1,400 | ||
Amount directly deposited by customer
|
800 | ||
Interest allowed by bank
|
200 | ||
Debit Balance as per Cash Book | 7,130 | ||
9,530 | 9,530 | ||
Page No 15.37:
Question 30:
On Checking Ram's Cash Book with the bank statement of his overdraft current account for the month of November 2014, you find the following:
(a) Cash Book showed an overdraft of â¹ 16,200.
(b) The payment side of the Cash Book had been undercast by â¹ 500.
(c) A cheque for â¹ 13,600 drawn on his saving deposit account has been wrongly recorded as drawn on current account in the Cash Book.
(d) Cheques amounting to â¹ 18,800 drawn and entered in the Cash Book had not been presented.
(e) Cheques amounting to â¹ 7,500 sent to the bank for collection though entered in the Cash Book, had not been credited by the bank.
(f) Bank charge of â¹ 150 as per bank statement of account had not been taken in the Cash Book.
(g) Dividend of the amount of â¹ 420 had been paid direct to the bank and not entered in the Cash Book.
You are requested to arrive at the balance as it would appear in the bank statement as on 30th November 2014.
Answer:
Bank Reconciliation Statement as on November 30, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance (Overdraft) as per Cash Book
|
16,200 | ||
Add: (b) Cheque drawn on Saving A/c recorded as drawn on Current A/c
|
13,600 | ||
(c) Cheque issued but not presented
|
18,800 | ||
(f) Dividend collected by Bank
|
420 | ||
Less: (a) Payment side of Cash Book undercasted
|
500 | ||
(d) Cheque deposited but not credited
|
7,500 | ||
(e) Bank charges
|
150 | ||
Credit Balance as per Pass Book | 8,470 | ||
32,820 | 32,820 | ||
Page No 15.38:
Question 31:
On 31st March 2015 your bank Pass Book showed a balance of â¹ 6,000 to your credit. Before that date you had issued cheques amounting to â¹ 1,500 of which cheques worth â¹ 900 only have been presented. You also deposited cheques worth â¹ 2,000 of which cheque of â¹ 800 paid by you into bank on 29th March is not yet credited in Pass Book. You had also received a cheque for â¹ 160 which although entered by you in the bank column of the Cash Book, was omitted to be paid into the bank. On 31st March a cheque of â¹ 250 received by you was paid into the bank but the same was omitted to be entered in the cash book. There was a credit of â¹ 85 for interest on current account and debit of â¹ 10 for bank charges. Draw up a Reconciliation Statement showing adjustment between your Cash Book and pass book.
Answer:
Bank Reconciliation Statement as on March 31, 2015 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance as per Pass Book | 6,000 | ||
Add: Cheque deposited but not credited
|
800 | ||
Cheque received but not sent to bank
|
160 | ||
Bank charges
|
10 | ||
Less: Cheque issued but not presented (1,500 – 900)
|
600 | ||
Cheque sent to Bank but not recorded in Cash Book
|
250 | ||
Interest allowed
|
85 | ||
Debit Balance as per Cash Book | 6,035 | ||
6,970 | 6,970 | ||
Page No 15.38:
Question 32:
Prepare bank reconciliation statement of Dinesh on 30th June 2014 with following particulars:
(i) Pass Book showed an overdraft of â¹ 15,000 on 30th June 2014.
(ii) A cheque of â¹ 200 was deposited in bank but not recorded in Cash Book.
(iii) Cheques of â¹ 17,000 were issued but cheques worth only â¹ 10,000 were presented for payment up to 30th June 2014.
(iv) Cheques of â¹ 2,000 were received and recorded in Cash Book but not sent to bank.
(v) Cheques of â¹ 10,000 were sent to bank for collection; out of these cheques of â¹ 2,000 and of â¹ 1,000 were credited respectively on 8th July and 10th July and the remaining cheques were credited before 30th June 2014.
(vi) Bank paid â¹ 300 fee of Chamber of Commerce on behalf of Dinesh, which was not recorded in Cash Book.
(vii) Bank charged interest on overdraft â¹ 800 which was not recorded in Cash Book.
(viii) â¹ 40 for bank charges were recorded two times in Cash Book and bank expenses of â¹ 35 were not at all recorded in Cash Book.
(ix) Total of credit side of bank column of Cash Book was undercast by â¹ 1,000 by mistake.
Answer:
Bank Reconciliation Statement as on June 30, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 15,000 | ||
Add: (iv) Cheque received recorded in Cash Book but not sent for collection
|
2,000 | ||
(v) Cheque deposited but not collected (2,000 + 1,000)
|
3,000 | ||
(vi) Chamber Fees paid by bank
|
300 | ||
(vii) Interest on overdraft charged
|
800 | ||
(viii) Bank charges not recorded in Cash Book
|
35 | ||
(ix) Payment side of Cash Book undercasted
|
1,000 | ||
Less: (ii) Cheque deposited but not recorded in Cash Book
|
200 | ||
(iii) Cheque issued but not presented (17,000 – 10,000)
|
7,000 | ||
(viii) Bank charges recorded twice in Cash Book
|
40 | ||
Credit Balance (Overdraft) as per Cash Book | 15,105 | ||
22,240 | 22,240 | ||
Page No 15.38:
Question 33:
Prepare a Bank Reconciliation Statement as on 31st March 2015 from the following informations:
â¹ | |
(a) Cash Book Balance (Overdraft) | 12,500 |
(b) Cheques deposited but not recorded in Cash Book | 2,000 |
(c) Cheque received but not sent to Bank | 1,500 |
(d) Credit side of the Bank Column has been overcast | 60 |
(e) Bank charges entered in Pass Book twice | 75 |
(f) Bills Receivable directly collected by the Bank | 4,000 |
(g) Deposited cheques returned dishonoured by Bank | 1,700 |
(h) Electricity Bill paid by Bank as per instruction | 800 |
(i) Cheques issued but not presented for payment | 5,400 |
(j) Cheques deposited but not cleared | 3,200 |
Answer:
Bank Reconciliation Statement as on March 31, 2015 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance (Overdraft) as per Cash Book | 12,500 | ||
Add: (b) Cheque deposited but not recorded in Cash Book
|
2,000 | ||
(d) Credit side of Bank column was overcastted
|
60 | ||
(f) Bills Receivable collected by Bank
|
4,000 | ||
(i) Cheque issued but not presented for payment
|
5,400 | ||
Less: (c) Cheque received but not sent to bank
|
1,500 | ||
(e) Bank charges entered twice in Pass Book
|
75 | ||
(g) Deposited cheque was dishonoured
|
1,700 | ||
(h) Electricity bill paid as per standing instructions
|
800 | ||
(j) Cheque deposited but not credited
|
3,200 | ||
Debit Balance (Overdraft) as per Pass Book | 8,315 | ||
19,775 | 19,775 | ||
Page No 15.39:
Question 34:
On 31st March, 2015 the Pass Book of Mr. Janaki Dass showed a credit balance of â¹ 20,600. Prepare a Bank Reconciliation Statement from the following information:
(i) Cheques amounting to â¹ 15,000 were drawn in March 2015, out of which cheques for â¹ 5,500 were presented for payment on 3rd April.
(ii) A cheque for â¹ 5,475 was deposited into the bank, but wrongly entered in the Cash Book as â¹ 5,745.
(iii) A cheque of â¹ 5,000 which was received from a customer was entered in the cash column of the Cash Book in March 2015 but was omitted to be banked in the month of March.
(iv) A B/P of â¹ 10,000 was retired by the bank under a rebate of â¹ 100 but the full amount of the bill was credited in the Cash Book.
(v) Bank charges entered in the Cash Book twice â¹ 200.
Answer:
Bank Reconciliation Statement as on March 31, 2015 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance as per Pass Book | 20,600 | ||
Add: (b) Amount of Cheque wrongly entered in Cash Book (5,745 – 5,475)
|
270 | ||
Less: (a) Cheque issued but not presented for payment
|
5,500 | ||
(c) Rebate on Bills Payable not recorded in Cash Book
|
100 | ||
(d) Bank charges entered twice in Cash Book
|
200 | ||
Debit Balance as per Cash Book | 15,070 | ||
20,870 | 20,870 | ||
Note: Transaction no. (iii) will have no effect on the bank balance as the cheque was recorded in the cash column and was not banked till the date of preparation of Bank Reconciliation Statement.
Page No 15.39:
Question 35:
Prepare a Bank Reconciliation Statement from the following particulars as on 31st March 2015:
(i) Cheques were deposited into bank on 25th March for â¹ 20,000. Out of these cheques for â¹ 8,000 were cleared on 4th April, cheques for â¹ 6,000 on 6th April and one cheque for â¹ 1,400 was dishonoured on 7th April.
(ii) Cheques amounting to â¹ 12,000 were issued in March, out of which cheques for â¹ 2,000 were encashed upto 31st March.
(iii) A bill for â¹ 5,000 (discounted with the bank in January) dishonoured on 30th March 2015 and noting charges paid by bank â¹ 50. No information regarding the dishonour was received from the bank in March 2015.
(iv) Cheque issued to a creditor for â¹ 2,000 was through mistake entered in the cash column of the Cash Book. The same has not been presented for payment till today.
(v) Receipt side of the Cash Book (bank column) was undercast by â¹ 100.
(vi) Bank has paid a bill payable amounting to â¹ 2,500 but it has not been entered in the Cash Book.
(vii) A cheque for â¹ 2,000 issued to Mr. X was omitted to be recorded in Cash Book.
(viii) Dr. balance as per Pass Book was â¹ 7,200.
Answer:
Bank Reconciliation Statement as on March 31, 2015 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 7,200 | ||
Add: (i) Cheque deposited but not credited (8,000 + 6,000 + 1,400)
|
15,400 | ||
(iii) Discounted B/R dishonoured, charges paid too
|
5,050 | ||
(vi) Bills Payable honoured by Bank
|
2,500 | ||
(vii) Cheque issued but not recorded in Cash Book
|
2,000 | ||
Less: (ii) Cheque issued but not presented (12,000 – 2,000)
|
10,000 | ||
(v) Receipt side of Cash Book undercasted
|
100 | ||
Debit Balance as per Cash Book | 7,650 | ||
24,950 | 24,950 | ||
Note: Transaction no. (iv) will have no effect on the bank balance as the issued cheque was recorded in the cash column and was not presented for payment till the date of preparation of Bank Reconciliation Statement.
Page No 15.40:
Question 36:
From the following particulars prepare bank reconciliation statement as on 31st March 2015:
(a) Debit balance as per Cash Book â¹ 1,500.
(b) A cheque for â¹ 2,000 issued in favour of X has not been presented for payment.
(c) A bill for â¹ 4,000 retired by bank under a rebate of â¹ 120. The full amount of the bill was credited in Cash Book.
(d) A cheque for â¹ 750 deposited in bank has been dishonoured.
(e) A sum of â¹ 3,600 deposited in the bank has been credited as â¹ 360 in the Pass Book.
(f) Payment side of Cash Book has been undercast by â¹ 100.
Answer:
Bank Reconciliation Statement as on March 31, 2015 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance as per Cash Book | 1,500 | ||
Add: (b) Cheque issued but not presented for payment
|
2,000 | ||
(c) Rebate on Bills Payable not recorded in Cash Book
|
120 | ||
Less: (d) Cheque deposited but dishonoured
|
750 | ||
(e) Cheque deposited Rs 3,600 recorded as
Rs 360 in Pass Book
|
3,240 | ||
(f) Payment side of Cash Book undercasted
|
100 | ||
Debit Balance (Overdraft) as per Pass Book | 470 | ||
4,090 | 4,090 | ||
Page No 15.40:
Question 37:
Raghav & Co. have two bank accounts, Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account on December 31, 2016 according to the Cash Book of the firm.
(i) Cheques paid into bank prior to December 31, 2016, but not credited until after that date for â¹ 10,000.
(ii) Transfer of funds from Account No. II to Account No. I recorded by the bank on December 31, 2016 but entered in the Cash Book after that date for â¹ 8,000.
(iii) Cheques issued prior to December, 31 2016 but not presented until after that date for â¹ 7,429.
(iv) Bank charges debited by bank not entered in the Cash Book for â¹ 200.
(v) Interest debited by the bank not entered in the Cash Book â¹ 580.
(vi) Overdraft as per Pass Book â¹ 18,990.
Answer:
Bank Reconciliation Statement as on December 31, 2016 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book (Account No. I) | 18,990 | ||
Add: (i) Cheque deposited but not credited
|
10,000 | ||
(iv) Bank charges
|
200 | ||
(v) Interest on overdraft charged
|
580 | ||
Less: (ii) Transfer of funds from Account No. II to Account
No. I, not recorded in Cash Book
|
8,000 | ||
(iii) Cheque issued but not presented for payment
|
7,429 | ||
Credit Balance (Overdraft) as per Cash Book | 23,639 | ||
34,419 | 34,419 | ||
Page No 15.40:
Question 38:
From the following particulars, prepare a Bank Reconciliation Statement of Alpha Electronic Motor. Private Ltd. as on 30th September, 2014:
(a) Overdraft on 30th September 2014 as per Pass Book â¹ 10,000.
(b) Cheque deposited in the bank but not recorded in Cash Book â¹ 100.
(c) Cheque received and recorded in the Cash Book but not sent to bank for collection â¹ 1,000.
(d) Several cheques were drawn in the last week of September, totalling â¹ 15,000; of these cheques totalling only â¹ 9,000 were cashed before 30th September.
(e) Similarly, several cheques, totaling â¹ 9,000 were sent for collection; of these cheques of the value of â¹ 1,500 were credited on 5th October and â¹ 2,000 on 7th October, balance being credited before 30th September.
(f) Fees of â¹ 250 was paid directly by the bank but was not recorded in the Cash Book.
(g) In the Cash Book, a bank charge of â¹ 30 was recorded twice while another bank charge of â¹ 50 was not recorded at all.
(h) Interest of â¹ 1,400 was charged by the bank but was not recorded in the Cash Book.
Answer:
Bank Reconciliation Statement as on September 30, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 10,000 | ||
Add: (c) Cheque received recorded in Cash Book but not sent for collection
|
1,000 | ||
(e) Cheques deposited but not credited (1,500 + 2,000)
|
3,500 | ||
(f) Fees paid by bank
|
250 | ||
(g) Bank charges
|
50 | ||
(h) Interest on overdraft charged
|
1,400 | ||
Less: (b) Cheque deposited but not recorded in Cash Book
|
100 | ||
(d) Cheque issued but not presented (15,000 – 9,000)
|
6,000 | ||
(g) Bank charges recorded twice in Cash Book
|
30 | ||
Credit Balance (Overdraft) as per Cash Book | 9,930 | ||
16,130 | 16,130 | ||
Page No 15.41:
Question 39:
The following information relate to the business of Mohit Raina, who requests you to prepare his amended Cash Book and reconcile his Cash Book balance with his Pass Book balance:
â¹ | |
Balance as per Cash Book (Cr.) | 40,000 |
Unpresented cheques | 72,000 |
Uncredited cheques | 13,000 |
You have been given the following additional information:
(a) The debit side of the Cash Book (Bank Column) has been undercast by â¹ 25,000.
(b) A cheque for â¹ 10,000 paid to a creditor has been wrongly entered in the Cash Column.
(c) Bank commission and other charges â¹ 4,000 have not been recorded in the Cash Book.
Answer:
Adjusted Cash Book (Bank Column only) | |||||||||
Dr. | Cr. | ||||||||
Date | Particulars | J.F. | Amount (Rs) | Date | Particulars | J.F. | Amount (Rs) | ||
(a) | Debit side undercasted | 25,000 | Balance b/d | 40,000 | |||||
Balance c/d | 29,000 | (b) | Supplier A/c (Cheque issued not recorded) |
10,000 | |||||
(c) | Commission | 4,000 | |||||||
54,000 | 54,000 | ||||||||
Bank Reconciliation Statement as on … |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance (Overdraft) as per Amended Cash Book | 29,000 | ||
Add: Unpresented Cheques
|
72,000 | ||
Less: Uncredited Cheques
|
13,000 | ||
Credit Balance as per Pass Book | 30,000 | ||
72,000 | 72,000 | ||
Page No 15.41:
Question 40:
The bank statement of Mr. James Flint showed an overdraft to the tune of â¹ 60,400 as on 31-12-2014. Cash Book showed a debit balance of â¹ 2,00,120 as on the same date. The following further facts are available:
â¹ | ||
(a) | Cheque issued to Tax Consultants was not cashed till 31-12-2014. | 12,000 |
(b) | Cheque issued to Management Consultancy Services was cashed on 14-1-2015. | 20,000 |
(c) | Cheque received from M/s General Studies and deposited into the bank was credited in the account on 3-1-2015. | 2,20,000 |
(d) | Dividend warrant deposited on 29-12-2014 was not credited by the bank till 31-12-2014. | 74,400 |
(e) | Bank charge not adjusted in books of Mr. Flint till 31-12-2014 | 680 |
(f) | Interest credited by the bank and not adjusted in the books till 31-12-2014 | 2,560 |
Prepare a Bank Reconciliation Statement of Mr. James Flint as on 31-12-2014.
Answer:
Bank Reconciliation Statement as on December31, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 60,400 | ||
Add: (c) Cheques deposited but not credited
|
2,20,000 | ||
(d) Dividend warrant deposited but not collected
|
74,400 | ||
(e) Bank charges
|
680 | ||
Less: (a) Cheque issued to Tax Consultants not presented
|
12,000 | ||
(b) Cheque issued to Management Consultancy Services not presented
|
20,000 | ||
(f) Interest allowed by bank
|
2,560 | ||
Debit Balance as per Cash Book | 2,00,120 | ||
2,95,080 | 2,95,080 | ||
Page No 15.41:
Question 41:
The following facts were extracted as at 31st December 2014 from the books of Rajesh Dogra who keeps a double column Cash Book:
â¹ | |
Bank balance as per Cash Book (overdrawn) | 32,000 |
Balance as per bank statement (in favour) | 24,000 |
â¹ 200 commission charged by bank on outstation cheques yet to be taken into account.
A cheque for â¹ 11,000 paid to Shashi Bhushan wrongly entered in the cash column.
Debit side of Cash Book (bank column) undercast by â¹ 1,000. Cheques received from customers â¹ 10,400 deposited on 31-12-2014 but credited by the bank on 2-1-2015.
Cheques issued to suppliers â¹ 76,600 during 2014 not yet presented for encashment.
Prepare a Bank Reconciliation Statement as at 31-12-2014.
Answer:
Bank Reconciliation Statement as on December 31, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance (Overdraft) as per Cash Book | 32,000 | ||
Add: Debit side of Cash Book undercasted
|
1,000 | ||
Cheque issued but not presented for payment
|
76,600 | ||
Less: Commission charged
|
200 | ||
Cheque issued wrongly recorded in Cash Column
|
11,000 | ||
Cheque deposited but not collected by Bank
|
10,400 | ||
Credit Balance as per Pass Book | 24,000 | ||
77,600 | 77,600 | ||
Page No 15.42:
Question 42:
Prepare a Bank Reconciliation Statement in the books of Bharti as on 31st January 2017:
(a) Balance as per Pass Book as on 31st January, 2017 was â¹ 62,500.
(b) Cheque of â¹ 17,800 was issued by her on 28th January 2017 but this was not presented for payment till 31st January 2017.
(c) A cheque of â¹ 4,000 issued to Mr. Rahim, was taken in the cash column.
(d) A cheque of â¹ 15,000 was paid into bank but was omitted to be entered in the cash book.
(e) The bank has charged â¹ 55 as its commission and has allowed interest â¹ 50.
Answer:
Bank Reconciliation Statement as on January 31, 2017 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Credit Balance as per Pass Book | 62,500 | ||
Add: (c) Cheque issued wrongly taken in Cash Column
|
4,000 | ||
(e) Bank charges
|
55 | ||
Less: (b) Cheque issued but not presented for payment
|
17,800 | ||
(d) Cheque deposited but not entered in Cash Book
|
15,000 | ||
(e) Bank allowed interest
|
50 | ||
Debit Balance as per Cash Book | 33,705 | ||
66,555 | 66,555 | ||
Page No 15.42:
Question 43:
Prepare a Bank Reconciliation Statement as on 31st Dec., 2012 from the following transactions:
(i) Bank overdraft as per Pass Book â¹ 22,000 as on 31st Dec.
(ii) On 28th Dec., cheques had been issued for â¹ 50,000 of which cheques worth â¹ 6,000 only had been encashed upto 31st Dec.
(iii) Cheques amounted to â¹ 4,500 had been paid into the bank for collection but out of these only â¹ 1,000 had been credited in the Pass Book.
(iv) The bank has charged â¹ 1,500 as interest on overdraft and the intimation of which has not been received as yet.
(v) Bank has collected â¹ 1,600 directly in respect of interest on investment.
(vi) A cheque of â¹ 1,200 has been debited in bank column of Cash Book, but it was not sent to bank at all.
Answer:
Bank Reconciliation Statement as on December 31, 2012 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 22,000 | ||
Add: (iii) Cheque deposited but not credited (4,500 – 1,000)
|
3,500 | ||
(iv) Interest on Overdraft charged
|
1,500 | ||
(vi) Cheque received recorded in Cash Book but not sent for collection
|
1,200 | ||
Less: (ii) Cheque issued but not presented (50,000 – 6,000)
|
44,000 | ||
(v) Bank collected interest on investments
|
1,600 | ||
Credit Balance (Overdraft) as per Cash Book | 61,400 | ||
67,600 | 67,600 | ||
Page No 15.42:
Question 44:
While comparing the cash book of Mayank with the bank pass book on 30th September, 2016 you find the following:
(i) The bank pass book showed a debit balance of â¹ 15,000.
(ii) Bank paid insurance premium â¹ 2,000, but it was recorded as â¹ 200 only in cash book.
(iii) Cheques issued in favour of suppliers in September, 2016 amounted to â¹ 55,000, but cheques for â¹ 50,000 only were presented for payment upto 30th September, 2016.
(iv) Direct deposit of â¹ 10,000 in Mayank's bank account by a customer on 25th September, 2016 had not been recorded in the cash book.
(v) Dividend collected by bank, but not recorded in cash book â¹ 1,000.
(vi) Bank charged â¹ 300 for its services, but they were yet to be recorded in cash book.
(vii) Cheques amounting to â¹ 78,000 were deposited with bank in the last week of September, 2016 but cheques for â¹ 51,000 only had been cleared before 1st October, 2016.
Prepare the bank reconciliation statement ascertaining bank balance/overdraft as per cash book.
Answer:
Bank Reconciliation Statement as on September 30, 2016 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 15,000 | ||
Add: (ii) Bank paid premium (2,000 – 200)
|
1,800 | ||
(vi) Bank charges
|
300 | ||
(vii) Cheque deposited but not credited (78,000 – 51,000)
|
27,000 | ||
Less: (iii) Cheque issued but not presented (55,000 – 50,000)
|
5,000 | ||
(iv) Direct deposit by customer
|
10,000 | ||
(v) Dividend collected by bank
|
1,000 | ||
Credit Balance (Overdraft) as per Cash Book | 1,900 | ||
31,000 | 31,000 | ||
Page No 15.43:
Question 45:
On 30th June, 2016, the pass book of Nataraj showed a bank overdraft of â¹ 46,000. The following additional information is available. You are required to prepare a bank reconciliation statement as on the above mentioned date:
(i) Out of total cheques issued, cheques for â¹ 22,000 have not been presented for payment so far.
(ii) Cheques paid into bank for collection, but not yet cleared total â¹ 31,000.
(iii) Bank has charged â¹ 2,300 as interest on overdraft; it does not appear in cash book.
(iv) A customer has directly deposited â¹ 8,300 with bank in Nataraj's account for which there is no entry in cash book.
(v) Dividend on shares collected by bank and credited in the pass book amounts to â¹ 2,000 for which no intimation has been given to Nataraj so far.
(vi) A bill for â¹ 10,000 discounted with the bank was dishonoured on maturity. Bank has debited Nataraj with â¹ 10,100 including â¹ 100 for noting charges, the transaction has not yet been recorded in cash book.
Answer:
Bank Reconciliation Statement as on June 30, 2016 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 46,000 | ||
Add: (ii) Cheque deposited but not credited
|
31,000 | ||
(iii) Bank charges
|
2,300 | ||
(vi) Discounted B/R dishonoured, noting charges paid
|
10,100 | ||
Less: (i) Cheque issued but not presented
|
22,000 | ||
(iv) Direct deposit by customer
|
8,300 | ||
(v) Dividend collected
|
2,000 | ||
Credit Balance (Overdraft) as per Cash Book | 34,900 | ||
78,300 | 78,300 | ||
Page No 15.43:
Question 46:
On 31st December, 2014, pass book shows debit balance of â¹ 7,500. From the following particulars, prepare a Bank Reconciliation Statement:
(a) Cheques paid in for collection amounted to â¹ 20,600 but cheques of â¹ 7,800 were credited on 3rd January, 2015.
(b) A cheque of â¹ 1,000 debited in cash book was omitted to be banked.
(c) Cheques of â¹ 7,800 were drawn on 27th December of which cheques of â¹ 2,400 were cashed upto 31st December.
(d) A cheque of â¹ 800 was banked and credited, but omitted to be recorded in cash book.
(e) Bank charged interest on Overdraft â¹ 650.
Answer:
Bank Reconciliation Statement as on December 31, 2014 |
|||
S. No. | Particulars | Plus Items (Rs) | Minus Items (Rs) |
Debit Balance (Overdraft) as per Pass Book | 7,500 | ||
Add: (a) Cheque deposited but not credited
|
7,800 | ||
(b) Cheque recorded in Cash Book but not sent for collection
|
1,000 | ||
(e) Interest on overdraft
|
650 | ||
Less: (c) Cheque issued but not presented (7,800 – 2,400)
|
5,400 | ||
(d) Cheque deposited but not recorded in Cash Book
|
800 | ||
Credit Balance (Overdraft) as per Cash Book | 4,250 | ||
13,700 | 13,700 | ||
Page No 15.43:
Question 47:
From the following particulars make out the Bank Reconciliation Statement as on 31st December 2016.
(a) Pass book showed a credit balance of â¹ 15,000 on 31st December 2016.
(b) Cheques of â¹ 17,500 were issued but cheques of â¹ 12,000 only presented for payment till 31st December.
(c) Cheques of â¹ 10,000 were sent to the bank for Collection. Out of which cheques of â¹ 2,000 were credited in the month of January 2017.
(d) Bank paid â¹ 300 as per standing instructions but no record made in the cash book.
(e) Bank charged interest on overdraft â¹ 800 and it was entered twice in pass book by bank.
(f) â¹ 40 as bank charges not recorded in the cash book.
(g) Bank receives â¹ 200 as interest on debentures, but no information being sent to the customer.
Answer:
Bank Reconciliation Statement as on Dec 31, 2016 |
|||
S. No. |
Particulars |
Plus Items (â¹) |
Minus Items (â¹) |
|
Balance as per the Pass Book |
15,000 |
|
|
Cheques issued but not presented |
|
5,500 |
|
Cheques not collected |
2,000 |
|
|
Payment made on standing order, not recorded in Cash Book |
300 |
|
|
Interest on overdraft charged twice in Pass Book |
800 |
|
|
Bank charges |
40 |
|
|
Interest received by bank not recorded in Cash Book |
|
200 |
|
|
18,140 |
5,700 |
|
Balance as per the Cash Book |
|
12,440 |
|
|
18,140 |
18,140 |
|
|
|
|
View NCERT Solutions for all chapters of Class 13