prepare bank reconciliation statement from details given below and ascertain the balance as per Kewal's Cash books as on 31st March 2011
- pass book of account Number ₹ 1,532 shows an overdraft of ₹ 12,620 on 31st March 2011
- Cheque of ₹ 6,300 issued to creditor but not resented for payment
- cheques of ₹ 5,100 paid into bank was not entered in the cash book
- a divident of ₹ 2,500 paid direct to the bank had not been recorded in the cash book
- bank column of the the payment side of hte cashbook waqs of cash book overcast by ₹ 1,200
- a deposit of ₹15,000on March 31st, 2011 was not included in the bank pass book
- bank has wrongly debited Accont Number 1532 instead of Account Number 1523 with ₹ 4,000
- the bank has paid the annual subscription of ₹ 7,500 to the club on Kewal's standing order
- A cheque of ₹ 9,500 drawn on his Account Number 1,532 has been charged by bank to his Account Number 1,523
- Interest on Overdraft charged by bank was 1,680
(Ans : Overdraft balance as per Cash Book ₹ 9,140)the ans is as per my Book S C hand's V Wason Old edition provided compulsorily by my school
Dear Student, the solution to your query is here.
Bank Reconciliation Statement as on March 31, 2011 |
|||
S. No. | Particulars | Details (Rs) | Amount (Rs) |
Overdraft as per the Pass Book | 12,620 | ||
Add: | |||
Cheque issued but not presented for payment | 6,300 | ||
Cheque paid into Bank but not recorded in the Cash Book | 5,100 | ||
Dividend paid directly to the Bank but not recorded in the Cash Book | 2,500 | ||
Payment side of Cash Book over casted | 1,200 | ||
Cheque wrongly charged to Account Number 1523 | 9,500 | 24,600 | |
Less: | |||
Deposited into the bank not recorded in the Pass Book | (15,000) | ||
Wrongly debited by the bank | (4,000) | ||
Subscription paid by the bank on standing order | (7,500) | ||
Interest on overdraft charged by the Bank | (1,680) | (28,180) | |
Credit balance as per Cash Book | 9,040 | ||