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Page No 12.43:

Answer:

Bank Reconciliation Statement

S. No.

Particulars

Plus Items (Rs)

Minus Items

(Rs)

(i)

Debit balance as per the Cash Book

15,000

 

(ii)

Cheques deposited but not cleared

 

1,000

(iii)

Cheques issued but not presented

1,500

 

(iv)

Bank Interest

200

 

 

Credit Balance as per the Pass Book

 

15,700

 

 

16,700

16,700

 

 

 

 

Page No 12.43:

Answer:

Bank Reconciliation Statement

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Balance as per the Cash Book

75,000

 

(i)

Cheques Rs 2,000 and Rs 3,000 drawn to S.Sahai and Man Mohan respectively but was not presented for payment

 

5,000

 

(ii)

Cheques paid into bank but not credited

 

1,900

(iii)

Bank Charges not yet entered in the Cash Book

 

100

 

Balance as per the Pass Book

 

78,000

 

 

80,000

80,000

 

 

 

 

Page No 12.43:

Answer:

Bank Reconciliation Statement

as on March 31,2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Balance as per the Cash Book

15,000

 

(i)

Cheques Issued but not presented for payment (1,850+1,000+1,750)

 

4,600

 

(ii)

Cheques deposited but not yet cleared

 

4,100

 

Balance as per the Pass Book

 

15,500

 

 

19,600

19,600

 

 

 

 

Page No 12.43:

Answer:

Bank Reconciliation Statement

as on March 31,2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Balance as per the Cash Book

72,950

 

(i)

Cheques sent to bank but not yet cleared

 

43,769

(ii)

Cheques issued but not yet presented for payment

29,344

 

 

Balance as per the Pass Book

 

58,525

 

 

1,02,294

1,02,294

 

 

 

 

Page No 12.43:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Balance as per the Cash Book

75,000

 

(i)

Two cheques Rs 5,000 and Rs 7,000 were deposited but were not cleared

 

 

12,000

(ii)

Three cheques Rs 6,000 , Rs 8,000 and Rs 12,000 were issued but were not presented for payment

 

26,000

 

(iii)

Bank allowed Interest

1,250

 

(iv)

Bank Charges

 

150

(v) Insurance premium less charged   4,500

 

Balance as per the Pass Book

 

85,600

 

 

1,02,250

1,02,250

 

 

 

 



Page No 12.44:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Balance as per the Cash Book

23,000

 

(i)

Cheques deposited but not cleared

 

12,000

(ii)

Three cheques Rs 6,000 , Rs 8,000 and Rs 12,000 were issued but were not presented for payment

 

26,000

 

(iii)

Bank allowed Interest

125

 

(iv)

Bank Charges

 

100

(v) Bank Charges reversed 500  

 

Balance as per the Pass Book

 

37,525

 

 

49,625

49,625

 

 

 

 

Page No 12.44:

Answer:

Bank Reconciliation Statement

as on June 30, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Balance as per the Cash Book

12,000

 

(i)

Cheques paid in to bank but not cleared

 

1,500

(ii)

Receipt side of Cash Book undercast

200

 

(iii)

Amount directly deposited by customer

3,000

 

(iv)

Cheque issued in June but presented in July

2,200

 

(v)

Bank allowed Interest 

330

 

 

Bank Charges

 

60

 

Balance as per the Pass Book

 

16,170

 

 

17,730

17,730

 

 

Page No 12.44:

Answer:

Bank Reconciliation Statement 

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Balance as per the Cash Book

12,500

 

(i)

Cheques Issued but not yet presented for payment

6,000

 

(ii)

Cheques deposited into bank but not collected

 

9,000

(iii)

Bank paid Insurance Premium

 

5,000

(iv)

Bank Charges

 

300

(v)

Amount directly deposited by a customer

8,000

 

(vi)

Interest on Investment Collected by bank

2,000

 

(vii) Cash discount debited to bank column   200

 

Balance as per the Pass Book

 

14,000

 

 

28,500

28,500

 

 

 

 

Page No 12.44:

Answer:

Bank Reconciliation Statement 

as on December 31, 2008

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Balance as per the Cash Book

10,000

 

(ii)

A cheque for Rs 500 issued to Karan was not presented for payment

500

 

(iii)

Rebate of retiring bill was not recorded

20

 

(iv)

Cheque deposited and dishonoured

 

295

(v)

A sum of Rs 800 deposited in bank recorded wrongly as Rs 80 in the pass book

 

720

(vi)

Payment side of the Cash book undercast

 

200

(vii)

Dishonour of  bill has not been recorded in the Cash book

 

1,000

 

Balance as per the Pass Book

 

8,305

 

 

10,520

10,520

 

 

 

 



Page No 12.45:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Balance as per the Cash Book

23,650

 

(i)

Cash deposited into bank but not entered in the Pass book

 

2,860

(ii)

Bank Charges not entered the Cash Book

 

70

(iii)

Bank Charges for discounting bill not recorded in the Cash Book

 

270

(iv)

Cheques issued but not presented for payment

16,720

 

(v)

Amount directly deposited by the debtor

1,000

 

(vi)

Cheque received from Ram Babu was dishonoured and not recorded in Cash Book

 

 

550

 

Balance as per the Pass Book

 

37,620

 

 

41,370

41,370

 

 

 

 

Page No 12.45:

Answer:

Bank Reconciliation Statement

as on July 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Balance as per the Pass Book

50,000

 

(ii)

Three Cheques of Rs 6,000, Rs 3,937, Rs 1,525 were issued but not presented for payment in July, 2015

 

 

11,462

(iii)

Cheques sent to bank for collection but not entered in the Pass Book

1,150

 

(iv)

Bank charges not entered in the Cash Book

460

 

(v)

Bank allowed interest

 

100

 

Balance as per the Cash Book

 

40,048

 

 

51,610

51,610

 

 

 

 

Page No 12.45:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Balance as per the Pass Book

10,000

 

(ii)

Cheque deposited but not entered in the Cash book

 

500

(iii)

Cheque entered in the Cash Book but not deposited in the bank

1,200

 

(iv)

Credit side of the Cash Book undercast

200

 

(v)

Insurance premium paid directly by the bank but not entered in the Cash Book

600

 

(vi)

Bank charges entered twice  in the Cash book

 

20

(vii)

Cheque issued but not presented for payment

 

500

(viii)

Cheque received entered twice in the Cash Book

1,000

 

(ix)

Bill discounted and dishonoured but not entered in the Cash Book

5,000

 

(x) Interest allowed by the bank to be reversed   5,000

 

Balance as per the Cash Book

 

11,980

 

 

18,000

18,000

 

 

 

 



Page No 12.46:

Answer:

Bank Reconciliation Statement

as on March 31,2011

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Balance as per the Pass Book

6,000

 

(ii)

Cheque Issued but not presented for payment (1,500 – 900)

 

600

(iii)

Cheque deposited but not entered in the Pass Book

800

 

(iv)

Bank allowed Interest

 

85

(v)

Cheque deposited but not entered in the Cash Book

 

510

 

Balance as per the Cash Book

 

5,605

 

 

6,800

6,800

 

 

 

 

Page No 12.46:

Answer:

Bank Reconciliation Statement

as on September 30, 2016

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Balance as per the Pass Book

10,000

 

(ii)

Cheque deposited but not entered in the Cash Book

 

500

(iii)

Cheque entered in the Cash Book but not sent to bank

1,200

 

(iv)

Insurance premium paid directly by bank

800

 

(v)

Bank Charges entered twice in the Cash Book

 

20

(vi)

Cheque received entered twice in the Cash Book

 1,000

 

(vii)

Bill discounted dishonoured not entered in the Cash Book

5,000

 

 

Balance as per the Cash Book

 

17,480

 

 

18,000

18,000

 

 

 

 

Page No 12.46:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Overdraft as per the Cash Book

 

40,500

(i)

Cheque issued but not presented for payment

5,000

 

(ii)

Post-dated Cheque entered in the Cash Book but not deposited in the bank

 

900

(iii)

Cheques deposited into bank but not collected

 

10,200

 

Cheque dishonoured

 

4,000

(iv)

Rebate on retiring of bill not entered in the Cash Book

 150

 

 

Overdraft as per the Pass Book

50,450

 

 

 

55,600

55,600

 

 

 

 

Page No 12.46:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Balance as per the Pass Book

62,000

 

(i)

Cheque deposited but not credited not credited in the Pass book during

March 2017 (3,500 + 2,500 + 2,000)

8,000

 

(ii)

Cheques Issued but not presented in March 2017 (4,000 + 4,500)

 

8,500

(iii)

Cheque received from Customer was recorded in Cash Book but not sent to Bank

1,000

 

(iv)

Bank Charges

1,000

 

 

Bank allowed interest

 

2,000

(v)

Interest on Investment Collected by bank but not entered in the Cash Book

 

2,500

 

Balance as per the Cash Book

 

59,000

 

 

72,000

72,000

 

 

 

 



Page No 12.47:

Answer:

Bank Reconciliation Statement

as on January 01,2017

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

Overdraft  as per the Cash Book

 

40,000

Cheques deposited but not Cleared

 

10,000

Cheques Issued but not presented for payment

7,000

 

Bank Charged Interest

 

600

Bank Charges

 

500

Overdraft  as per the Pass Book

 44,100

 

 

51,100

51,100

 

 

 

Page No 12.47:

Answer:

Bank Reconciliation Statement

as on March 31,2017

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

Overdraft  as per the Cash Book

 

18,000

Cheque deposited in March but cleared in April

 

6,000

Cheque Issued in March but presented for payment in April

7,000

 

Bank Charged Interest

 

500

Bank Charges

 

20

Overdraft  as per the Pass Book

17,520

 

 

24,520

24,520

 

 

 

Page No 12.47:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Overdraft  as per the Cash Book

 

1,72,985

(i)

Cheques issued but not presented for payment

60,000

 

(ii)

Cheques deposited but not collected

 

75,000

(iii)

Cheque deposited but dishonoured

 

15,000

(iv)

Bill sent for collection honoured but not entered in the Cash Book

1,50,000

 

(v)

Bank Charges

 

1,500

(vi)

Bank Interest

 

8,500

(vii) Overdraft balance wrongly taken as debit balance (Note)   1,000

 

Overdraft as per the Pass Book

63,985

 

 

 

2,73,985

2,73,985

 

 

 

 

Note: Overdraft balance has credit balance but taken as debit balance, so to correct the error credit cash book by double amount.
Therefore, 1,000 should be shown in the minus side. 



Page No 12.48:

Answer:

Bank Reconciliation Statement

as on March 31,2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Credit bank balance  as per the Cash Book

 

10,500

(i)

Cheque issued but not presented for payment

540

 

(ii)

Post-dated Cheque entered in the Cash Book but not deposited in the Bank

 

100

(iii)

Cheque deposited but not cleared

 

1,200

 

Cheque dishonoured

 

400

(iv)

Insurance premium paid by bank was not entered in the Cash Book

 

50

(v)

Bank Charges

 

15

 

Bank allowed Interest

25

 

 

Overdraft as per the Pass Book

11,700

 

 

 

12,265

12,265

 

 

 

 

Note: Cheque dated 15th April, 2017 issued to M & Co. dishonoured will have no impact as this statement is as on 31st March 2017.

Page No 12.48:

Answer:

Bank Reconciliation Statement

as on March 31, 2015

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Overdraft as per the Cash Book

 

40,500

(i)

Cheque issued but not presented for payment

5,000

 

(ii)

Post-dated Cheque entered in the Cash Book but not deposited in the bank

 

900

(iii)

Cheques deposited into bank but not collected

 

10,200

 

Cheque dishonoured

 

4,000

(iv)

Rebate on retiring of bill not entered in the Cash Book

 150

 

 

Overdraft as per the Pass Book

50,450

 

 

 

55,600

55,600

 

 

 

 

Page No 12.48:

Answer:

Bank Reconciliation Statement

as on March 31,2017

S. No.

Particulars

Plus Items (Rs)

Minus Items

(Rs)

(i)

Overdraft as per the Cash Book

 

52,100

(ii)

Cheques of Rs 94,400 deposited in March but cheques of Rs 11,160 not cleared in April

 

11,160

(iii)

Cheques issued but not presented for payment in the March (38,580 + 4,320)

42,900

 

(iv)

Payment made to creditor by bank but not entered in the Cash Book

 

10,500

(v)

Amount directly deposited by debtor into Bank

9,000

 

(vi)

Bank Charges

 

120

 

Bank credited interest

180

 

 

Overdraft as per the Pass Book

21,800

 

 

 

73,880

73,880

 

 

 

 

Note: Point (vii) will have no affect on the statement as error in recording cash deposit entry is already rectified.



Page No 12.49:

Answer:

Bank Reconciliation Statement

as on March 31,2015

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Overdraft as per the Pass Book

 

2,500

(i)

Cheques issued for Rs 5,000 but cheques of Rs 3,000 cleared till March 31

 

 

2,000

(ii)

Cheque issued but not entered in the Cash Book

 1,000

 

(iii)

Cheque deposited but cleared in April

500

 

(iv)

Bill dishonoured

1,000

 

(v)

Cheque entered in the Cash Book but not deposited

500

 

(vi)

Interest allowed not recorded in the Cash Book

 

200

 

Overdraft as per the Cash Book

1,700

 

 

 

4,700

4,700

 

 

 

 

 

Page No 12.49:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Overdraft as per the Pass Book

 

36,000

(ii)

Cheques issued but not presented for payment

 

19,700

(iii)

Cheques deposited with bank but not collected 

25,000

 

(iv)

Cheques entered in the Cash book but not deposited in bank

9,000

 

(v)

Amount directly deposited by Customer

 

11,000

 

Overdraft as per the Cash Book

32,700

 

 

 

66,700

66,700

 

 

 

 

Page No 12.49:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Overdraft as per the Pass Book

 

10,700

(i)

Cheque issued in March 2017 but presented after that date

 

900

(ii)

Cheques deposited but not cleared during March 2017

2,200

 

(iii)

Interest on Overdraft

1,200

 

(iv)

Interest on Investment not recorded in the Cash Book

 

5,000

(v)

Bank Charges

50

 

(vi)

Amount of bill dishonoured not entered in the Cash Book

800

 

 

Overdraft as per the Cash Book

12,350

 

 

 

16,600

16,600

 

 

 

 

Page No 12.49:

Answer:

Bank Reconciliation Statement

as on March 31,2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Debit Balance as per the Pass Book

 

10,000

(i)

Cheque issued in March but presented for payment in April

 

5,000

(ii)

Cheques deposited but not cleared in March

2,800

 

(iii)

Bank Charges not entered in the Cash Book

25

 

 

Interest on Investment collected by bank not entered in the Cash Book

 

350

(iv)

Cheque entered in the Cash Book but not deposited in bank

600

 

(v) Bill discounted with bank not recorded in cash book   5,000

 

Credit Balance (Overdraft ) as per the Cash Book

16,925

 

 

 

20,350

20,350

 

 

 

 



Page No 12.50:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Overdraft as per the Pass Book

 

5,220

(i)

Cheques deposited but not cleared

6,000

 

(ii)

Cheques dishonoured not entered in the Cash Book

800

 

(iii)

Bank Charges

50

 

(iv)

Interest on Overdraft excess credited in the Cash Book

 

200

(v)

Amount wrongly credited in the Pass Book

 

900

(vi)

Cheques issued but not presented for payment

 

400

 

Balance as per the Cash Book

 

130

 

 

6,850

6,850

 

 

 

 

Page No 12.50:

Answer:

Bank Reconciliation Statement

as on March 31,2015

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Debit balance as per the Pass Book

 

2,500

(i)

Cheques issued but not presented in March

 

2,000

(ii)

Cheque deposited in March but cleared in April

500

 

(iii)

Bill dishonoured was not entered in the Cash Book

2,000

 

(iv)

Cheque debited in the Cash book but not deposited into bank

 300

 

(v)

Interest allowed by bank but was not entered in the Cash Book

 

400

 

Overdraft as per the Cash Book

2,100

 

 

 

4,900

4,900

 

 

 

 

Page No 12.50:

Answer:

Bank Reconciliation Statement

as on October 31,2014

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Overdraft as per the Pass Book

 

16,500

(ii)

Interest on Overdraft

 1,250

 

(iii)

Bank Charges

35

 

(iv)

Cheques issued but not presented for payment

 

11,500

(v)

Cheques deposited but not cleared

2,500

 

(vi)

Interest on Investment was not recorded in the Cash Book

 

1,800

 

Overdraft as per the Cash Book

26,015

 

 

 

29,800

29,800

 

 

 

 

Page No 12.50:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Overdraft as per the Pass Book

 

33,000

(ii)

Cheques issued but not presented for payment

 

17,500

(iii)

Cheques deposited but not collected

21,000

 

(iv)

Cheques recorded in the Cash Book but not sent to bank for collection

4,000

 

(v)

Payment directly deposited by customer in the bank

 

7,000

(vi)

Bank Charges

40

 

(vii)

Insurance Premium of life Insurance policy directly paid from the bank but not recorded in the Cash Book

 

360

 

(viii)

Bill dishonoured

6,000

 

 

Noting charged paid by bank

20

 

 

Overdraft as per the Cash Book

26,080

 

 

 

57,500

57,500

 

 

 

 



Page No 12.51:

Answer:

Bank Reconciliation Statement

as on March 31, 2015

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Overdraft as per the Pass Book

 

12,000

(ii)

Cheques issued but not presented for payment

 

67,000

(iii)

Cheques deposited but not collected

3,000

 

(iv)

Bank Charged Interest on Overdraft

500

 

(v)

Amount directly paid by a debtor

 

400

 

Interest received on Investment

 

600

(vi)

A Cheque entered in the Cash book but not

sent to bank for collection

 

200

 

 

Overdraft as per the Cash Book

76,300

 

 

 

80,000

80,000

 

 

 

 

Page No 12.51:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Overdraft as per the Pass Book

 

10,000

(ii)

Cheques issued but not presented for payment during March

 

20,000

(iii)

Interest charged by bank on Overdraft

1,500

 

(iv)

Cheques deposited in to bank but not collected

20,000

 

(v)

Insurance premium paid by bank but not entered in the Cash Book

100

 

(vi) Bank charging commission not entered in the cash book 200  

 

Overdraft as per the Cash Book

8,200

 

 

 

30,000

30,000

 

 

 

 

Page No 12.51:

Answer:

Bank Reconciliation Statement

as on March 31,2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Overdraft as per the Pass Book

 

33,575

(ii)

Amount directly collected by the bank

 

2,800

(iii)

Amount deposited in March but credited in April

7,500

 

(iv)

Cheque issued in March but presented for payment in April

 

2,500

(v) Credit wrongly given by the bank to be reversed   5,500

 

Overdraft as per the Cash Book

36,875

 

 

 

44,375

44,375

 

 

 

 

Note: In adjustment (i) as cheque is dishonoured on April 01, 2017 i.e. after the period for which Balance as per Pass Book is given. Thus, no adjustment is required in either of two books.



Page No 12.52:

Answer:

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Overdraft as per the Pass Book

 

16,500

(ii)

Cheques issued but not presented for payment

 

8,750

(iii)

Cheques deposited but not collected

10,500

 

(iv)

Cheques entered in the Cash Book but not sent to bank for collection

2,000

 

(v)

Amount directly deposited into bank by customer

 

3,500

(vi)

Bank Charges

200

 

(vii)

Insurance Premium paid by bank not recorded in the Cash Book

1,980

 

(viii)

Bill dishonoured

3,000

 

 

Noting Charges paid by bank

100

 

 

Overdraft as per the Cash Book

10,970

 

 

 

28,750

28,750

 

 

 

 

Page No 12.52:

Answer:

Bank Reconciliation Statement

as on March 31,2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Overdraft as per the Pass Book

 

17,800

(ii)

Cheques issued but not presented for payment

 

6,800

(iii)

Cheques deposited but not cleared in March

 4,200

 

(iv)

A Cheque entered in the Cash Book but not deposited into bank

1,200

 

(v)

Insurance premium paid by bank

1,450

 

(vi)

Bill dishonoured

6,200

 

(vii)

Bank Charges

350

 

 

Overdraft as per the Cash Book

11,200

 

 

 

24,600

24,600

 

 

 

 

Page No 12.52:

Answer:

Bank Reconciliation Statement

as on March 31, 2015

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Overdraft as per the Pass Book (Account no I)

 

14,724

(ii)

Cheques issued but not presented for payment

 

6,429

(iii)

Cheques deposited but not cleared

9,751

 

(iv)

Interest Charged on Overdraft

607

 

(v)

Bank Charges

140

 

(vi)

Transfer of funds from Account No II to Account No I not entered in the Cash Book

 

5,000

 

Overdraft as per the Cash Book

15,655

 

 

 

26,153

26,153

 

 

 

 



Page No 12.53:

Answer:

(a) Without correcting Cash Book Balance

 

Bank Reconciliation Statement

as on March 31,2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

(i)

Bank Balance as per Cash Book

40,000

 

(ii)

Cheques issued but not encashed

10,000

 

(iii)

Cheques deposited but not cleared

 

15,000

(iv)

Interest on Investments collected by Bank

500

 

(v)

Cheques deposited directly in Bank

12,500

 

(vi)

Bank Charges

 

100

 

Balance as per the Pass Book

 

47,900

 

 

63,000

63,000

 

 

 

 

 

(b) After correcting Cash Book Balance

Cash Book (Adjusted)

for the month of March 31, 2017

Dr.

 

 

 

 

Cr.

Date

Particulars

Bank

(Rs)

Date

Particulars

Bank (Rs)

2017

 

 

2017

 

 

Mar.31

Balance b/d

40,000

Mar.31

Bank Charges

100

 

Interest on Investments

500

 

Balance c/d

52,900

 

Cheques omitted to enter

12,500

 

 

 

 

 

53,000

 

 

53,000

 

 

 

 

 

 

 

Bank Reconciliation Statement

as on March 31,2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Adjusted Balance as per the Cash Book

52,900

 

(i)

Cheque issued but not encashed

10,000

 

(ii)

Cheques deposited but not cleared

 

15,000

 

Balance as per the Pass Book

 

47,900

 

 

62,900

62,900

 

 

 

 

Page No 12.53:

Answer:

Cash Book (Adjusted)

for the month of March 31, 2017

Dr.

 

 

Cr.

Date

Particulars

Bank

(Rs)

Date

Particulars

Bank

(Rs)

2017

 

 

2017

 

 

Mar.31

Cheques Omitted to enter

3,000

Mar.31

Balance b/d (Overdraft)

80,000

 

Bills Collection

20,000

 

Adjustment for undercasting

1,000

 

Bank Charges

100

 

Cheques returned

4,000

 

Balance c/d

66,900

 

Cheque recorded twice

5,000

 

 

90,000

 

 

90,000

 

 

 

 

 

 

 

Bank Reconciliation Statement

as on March 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Overdraft as per the (adjusted) Cash Book

 

66,900

(i)

Cheques recorded in the Cash Book but not sent to bank for collection

 

10,000

(ii)

Cheque issued but not cleared on technical grounds

3,000

 

 

Overdraft as per the Pass Book

73,900

 

 

 

76,900

76,900

 

 

 

 

Page No 12.53:

Answer:

Bank Reconciliation Statement

as on January 31, 2017

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Balance as per the Cash Book

5,610

 

(i)

Three Cheques of  M. Mohan & Bros, T.P. Bhalla & Co and S. Leader & Sons

of Rs 1,550 Rs 740 and Rs 2,130 respectively were received but not cleared

 

 

4,420

(ii)

Three Cheques of V. Kumar & Co, R. Ramdas & Co and B. Bansal & Bros. of

Rs 300, Rs 780 and Rs 340 respectively were issued but not presented for payment

 

1,420

 

(iii)

Bank Charges

 

10

(iv)

Life Insurance premium paid by bank not recorded in the Cash Book

 

250

(v)

Interest on Government Securities received by bank

300

 

 

Balance as per the Pass Book

 

2,650

 

 

7,330

7,330

 

 

 

 

Note: In Cash Book cheque received from G. Basu & Co is debited with Rs 1,000 and at the time of dishonour entry is reversed by crediting G. Basu & Co with Rs 1,000. Therefore its net effect is nil in Cash Book.



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