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​Q7. The Bank balance of a Trader as reported by his Bank branch had shown an unfavourable balance of Rs.11000 stood at 31.10.15 which does not match with the balance as shown by traders book. Later following observations were identified ;-

i) Cheques issued to suppliers during Oct totalling 13500 was presented for payment on 4.11.15 and of these, banker dishonoured on cheque of Rs. 4000 in technical reason.

ii) A customer's direct deposit in the traders bank of Rs. 2,700 had credited by bank in other trader's pass book and the customer informed the trader on 20/08/10

iii) While carrying forward, a credit balance of Rs. 5,300 from on page to another. It has been posted as Debit Balance as Rs. 3,500 by the trader.

iv) Payment column has been under casted by Rs.1200 in pass book and received column has been cover casted by Rs. 1100 in cash book.

v) Bank charges made by bank of Rs. 2,500 was rewarded in Traders book as bank interest of Rs.500 only.

vi) A balance transfer of Rs. 6500 was made by the bank from trader's A/C to his daughter's A/c but recorded reversely by the trader's Accountant.

vii) During October, out of total cheques deposited in the bank of Rs. 28,600, cheques of Rs.13,100 was realised by bank upto 31/10 and a cheque of Rs.3,200 was dishonourd by bank for which no information was given to the trader.

   Prepare BRS on 31/10/15 with proper amendment in the Cash Book

Dear Student
 
Amended Cash Book
               Cr. 
Date Particulars  Cash    Bank  Date Particulars Cash   Bank 
 (Rs)   (Rs)  (Rs)  (Rs) 
          Bal Rectification                  8,800
          Rectification of Over Casted received column Cash Book                  1,100
  Customer A/c               2,700   Bank Charges A/c  -Rectification                  3,000
          Daughter A/c - (Rectification)                13,000
               
               
          Bal C/d               (23,200)
               
               
               
                  2,700                      2,700
               

Bank Reconciliation Statement
S. No. Particulars Plus Items (Rs) Minus Items (Rs)
       
  Balance as per Cash book   23,200
1 Cheue issued but not presented for payment i.e Presented on 04.11 13,500  
2 Payment column in pass book undercasted 1,200  
3 Cheques deposited but not cleared (Dishonour shall be included in these amount only)   15,500
       
  Balance as per Pass Book 24,000 0
    38,700 38,700
       

Regards

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