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Page No 12.43:

Question 1:

Prepare Bank Reconciliation Statement from the following:

    ₹
(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

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:

Question 2:

Prepare Bank Reconciliation Statement from the following information:
Cash at bank as shown by the Cash Book ₹ 75,000. Cheques drawn but not yet presented:
 

S. Sahai ₹ 2,000
Man Mohan ₹ 3,000

Cheques paid into the bank but not yet credited, ₹ 1,900. Bank charges not yet entered in the Cash Book, ₹ 100.

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:

Question 3:

On 31st March, 2018, Cash Book showed a balance of ₹ 15,000 as cash at bank, but the Bank Pass Book of the same date showed that cheques for ₹ 1,850, ₹ 1,000 and ₹ 1,750 respectively had not been presented for payment; also cheques amounting to ₹ 4,100 paid into the account had not yet been cleared.
Find by means of a Bank Reconciliation Statement the balance shown in the Pass Book.

Answer:

Bank Reconciliation Statement

as on March 31,2018

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:

Question 4:

Mr. Ram Behari has his account at Punjab National Bank, Delhi, According to his Cash Book, his bank balance on 31st March, 2018 was ₹ 72,950. He sent cheques for ₹ 90,075 to his bank for collection but cheques amounted to ₹ 43,769 were not collected by that date. Out of the cheques issued by him in payment of his debts, cheques for ₹ 29,344 were not presented for payment.
Prepare Bank Reconcillation Statement and determine the balance as shown by his Pass Book.

Answer:

Bank Reconciliation Statement

as on March 31,2018

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:

Question 5:

On 31st March, 2018, Cash Book of Mahesh showed debit bank balance of ₹ 75,000. When compared with the Bank Statement, following facts were discovered. On 30th March, two cheques of ₹ 5,000 and ₹ 7,000 were deposited in the bank but were not realised till date. On 28th March, three cheques of ₹ 6,000, ₹ 8,000 and ₹ 12,000 were issued but none of these were presented to the bank for payment. On 31st March, bank credited ₹ 1,250 as interest but this was not recorded in the Cash Book. Similarly, the bank had charged ₹ 150 as bank charges but this was not recorded in the Cash Book.
Bank paid insurance premium of ₹ 5,000 but it was recorded as ₹ 500 in Cash Book. Prepare Bank Reconcilation Statement on 31st March, 2018.

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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:

Question 6:

Cash Book of a merchant showed bank balance of 23,000 on 31st March, 2018. On going through the Cash Book, it was found that two cheques for 5,000 and 7,000 deposited in the month of March were not credited in the Pass Book till 2nd April, 2018  and three cheques for 6,000, 8,000 and 12,000 issued on 28th March, were not presented  for payment till 3rd April, 2018. In addition to this, bank had credited merchant for ₹ 125 as interest and had debited him for 100 as bank charges for which entries in Cash Book were not recorded. Bank charges of 500 were reversed by the Bank.
Prepare Bank Reconciliation Statement as on 31st March, 2018.

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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:

Question 7:

On 30th June, 2017, bank column of the Cash Book showed balance of ₹ 12,000 but the Pass Book showed a different balance due to the following reasons:
(i) Cheques paid into the bank ₹ 8,000 but out of these only cheques of ₹ 6,500 credited by bankers.
(ii) The receipt column of the Cash Book undercast by ₹ 200.
(iii) On 29th June, a customer deposited ₹ 3,000 directly in the Bank Account but it was entered in the Pass Book only.
(iv) Cheques of ₹ 9,200 were issued of which ₹ 2,200 were presented for payment on 15th July.
(v) Pass Book shows a credit of ₹ 330 as interest and a debit of ₹ 60 as bank charges.

Prepare Bank Reconciliation Statement as on 30th June, 2017.

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:

Question 8:

Cash Book shows a balance of ₹ 12,500. On comparing the Cash Book with the Pass Book, following discrepancies were noted:

   
(i) Cheques issued but not yet presented for payment. 6,000
(ii) Cheques deposited in the bank but not collected. 9,000
(iii) Bank paid insurance premium. 5,000
(iv) Bank charges. 300
(v) Directly deposited by a customer. 8,000
(vi) Interest on investment collected by bank. 2,000
(vii) Cash discount allowed of ₹ 200 was recorded on the debit side of the Bank column.  

Prepare Bank Reconciliation Statement.

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:

Question 9:

From the following particulars, prepare Bank Reconciliation Statement as on 31st December, 2008:
(i) Debit balance as per Cash Book ₹ 10,000.
(ii) A cheque for ₹ 500 issued in favour of Karan has not been presented for payment.
(iii) A bill for ₹ 700 retired by bank under a rebate of ₹ 20, the full amount of the bill was credited in the Cash Book.
(iv) A cheque for ₹ 295 deposited in the bank has been dishonoured.
(v) A sum of ₹ 800 deposited in the bank has been credited as ₹ 80 in the Pass Book.
(vi) Payments side of the Cash Book has been undercast by ₹ 200.
(vii) A bill receivable for ₹ 1,000 (discounted with the bank in November 2008) dishonoured on 31st December, 2008.

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:

Question 10:

On examining the Bank Statement of Green Ltd., it is found that the balance shown on 31st March, 2018, differes from the bank balance of ₹ 23,650 shown by the Cash Book on that date. From a detailed comparison of the entries it is found that:
(i)  ₹ 2,860 is entered in the Cash Book as paid into the bank on 31st March, 2018 but not credited by the bank until the following day.
(ii) Bank charges of ₹ 70 on 31st March, 2018 are not entered in the Cash Book.
(iii) A bill for ₹ 5,500 discounted with the bank is entered in the Cash Book without recording the discount charges of ₹ 270.
(iv) Cheques totalling ₹ 16,720 were issued by the company and duly recorded in the Cash Book before 31st March, 2018 but had not been presented at the Bank for payment until after that date.
(v) On 25th March, 2018, a debtor paid ₹ 1,000 into the Company's Bank in settlement of his account but no entry was made in the Cash Book of the comapny in respect of this.
(vi) No entry has been made in the Cash Book to record the dishonour on 15th March, 2018, of a cheque for ₹ 550 received from Ram Babu.
Prepare a Bank Reconciliation Statement as on 31st March, 2018.

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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:

Question 11:

Prepare Bank Reconciliation Statement from the following particulars on 31st July, 2017:
(i) Balance as per the Pass Book ₹ 50,000.
(ii) Three cheques for ₹ 6,000, ₹ 3,937 and ₹ 1,525 issued in last week of July, 2017 were presented for payment to the bank in August, 2017.
(iii) Two cheques of ₹ 500 and ₹ 650 sent to the bank for collection were not entered in the Pass Book by 31st July, 2017.
(iv) The bank charged ₹ 460 for its commission and allowed interest of ₹ 100 which were not mentioned in the Bank Column of the Cash Book.

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:

Question 12:

Prepare Bank Reconciliation Statement as on 31st March, 2018 from the following particulars:
 

   
(i) Bank balancle as per Pass Book. 10,000
(ii) Cheque depisited into the Bank, but no entry was passed in the Cash Book. 500
(iii) Cheque redceived and entered in the Cash Book but not sent to bank. 1,200
(iv) Credit side of the Cash Book bank column cast short. 200
(v) Insurance premium paid directly by the bank under the standing advice. 600
(vi) Bank charges entered twice in the Cash Book. 20
(vii) Cheque issued but not presented to the bank for payment. 500
(viii) Cheque received entered twice in the Cash Book. 1,000
(ix) Bill discounted dishonoured not recorded in the Cash Book. 5,000
(x) Bank had wrongly allowed interest of ₹ 5,000, which was reveresed by it on 5th April, 208.  

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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:

Question 13:

Draw Bank Reconciliation Statement showing adjustment between your Cash Book and Pass Book as on 31st March, 2011.
(i) On 31st March, 2011 your pass book showed a balance of ₹ 6,000 to your credit.
(ii) Before that date, you had issued cheques amounting to ₹ 1,500 of which cheques of ₹ 900 have been presented for payment.
(iii) A cheque of ₹ 800 paid by you into the bank on 29th March, 2011 is not yet credited in pass book.
(iv) There was a credit of ₹ 85 for interest on Current Account in the pass book.
(v) On 31st March, 2011 a cheque for ₹ 510 received by you and was paid into bank but the same was omitted to be entered in cash book.

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:

Question 14:

Prepare Bank Reconciliation Statement as on 30th September, 2016 from the following particulars:

    
(i) Bank Balance as per Pass Book. 10,000
(ii) Cheque deposited into bank but no entry was passed in Cash Book. 500
(iii) Cheque received and entered in Cash Book but not sent to bank. 1,200
(iv) Insurance premium paid directly by the bank. 800
(v) Bank charges entered twice in the Cash Book. 20
(vi) Cheque received entered twice in Cash Book. 1,000
(vii) Bill discounted dishonoured not recorded in the cash book. 5,000

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:

Question 15:

Bank Statement of a customer shows bank balance of  62,000 on 31st March, 2018. On Comparing it with the Cash Book the following discrepancies were noted:
(i) Cheques were paid into the bank in March but were credited in April:
P3,500; Q–₹ 2,500; R–2,000.
(ii) Cheques issued in March were presented in April:
X4.000; Q4,500.
(iii) Cheque for 1,000 received from a customer entered in the Cash Book but was not banked.
(iv) Pass Book shows a debit of 1,000 for bank charges and credit of  2,000 as interest.
(v) Interest on investment 2,500 collected by the bank appeared in the Pass Book.
Prepare Bank Reconciliation Statement showing the balance as per Cash Book on 31st March, 2018.

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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 12.46:

Question 16:

On 1st January, 2018, Naresh had an overdraft of  40,000 as shown by his Cash Book in the bank column. Cheques amounting to 10,000 had been deposited by him but were not collected by the bank by 1st January, 2018. He issued cheques of 7,000 which were not presented to the bank for payment up to that day. There was also a debit in his Pass Book of 600 for interest and 500 for bank charges.
Prepare a Bank Reconciliation Statement.

Answer:

Bank Reconciliation Statement

as on January 01,2018

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:

Question 17:

On 31st March 2018, Cash Book of B. Babu showed an overdraft of ₹ 18,000 with the Bank of India. This balance did not agree with the balance as shown by the Bank Pass Book. You find that Babu had paid into the bank on 26th March four cheques for ₹ 10,000, ₹ 12,000, ₹ 6,000 and ₹ 8,000. Out of these the cheque for ₹ 6,000 was credited by the bank in April, 2018. Babu had issued on 24th March three cheques for ₹ 15,000, ₹ 12,000 and ₹ 7,000. The first two cheques were prsented to the bank for payment in March, 2018 and the third cheque in April, 2018.
You also find that on 31st March, 2018 the bank had debited Babu's Account with ₹ 500 for interest and ₹ 20 as charges, but Babu had not recorded these amounts in his books.
Prepare Bank Reconcliation Statement as on 31st March, 2018 and ascertain the balance as per Bank Pass Book.

Answer:

Bank Reconciliation Statement

as on March 31,2018

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:

Question 18:

On 31st March, 2018, Cash Book of a merchant showed bank overdraft of 1,72,985. On comparing the Cash Book with Bank Statement, following discrepancies were noted:
(i) Cheques issued for 60.000 were not presented in the bank till 7th April, 2018.
(ii) Cheques amounting to 75.000 were deposited in the bank but were not collected
(iii) A Cheque of 15,000 received from Mahesh Chand and deposited in the bank was dishonoured but the non-payment advice was not received from the bank till 1st April, 2018.
(iv) 1,50,000 being the proceeds of a bill receivable collected appeared in the Pass Book but not in the Cash Book.
(v) Bank charges 1,500 and interest on overdraft 8,500 appeared in the Pass Book but not in the Cash Book.
(vi) Overdraft balance as per Cash Book of 500 on 28th February, 2018 was wrongly carried forward as debit balance. The error was noted at the time of preparing the Bank Reconciliation Statement as on 31st March, 2018.
Prepare Bank Reconciliation Statement and show what balance the Bank Pass Book would indicate on 31st March, 2018.

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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)a

Bank Charges

 

1,500

(v)b

Bank Interest on overdraft

 

8,500

(vi) 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 12.47:

Question 19:

Tiwari and Sons find that that the bank balance shown by their Cash Book on 31st March, 2018 is ₹ 40,500 (credit) but the Pass Book shows a difference due to the following reasons:
(i) A cheque for ₹ 5,000 drawn in favor of Manohar has not yet been presented for payment.
(ii) A post-dated cheque for ₹ 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 ₹ 10,200 deposited with the bank have not yet been collected and a cheque for ₹ 4,000 has been dishonoured.
(iv) A bill for ₹ 10,000 was retired by the Bank under a rebate of ₹ 150 but the full amount of the bill was credited in the bank column of the Cash  Book.
Prepare Bank Reconcilation Statement and find out the balance as per Pass Book.

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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:

Question 20:

Prepare Bank Reconciliation Statement from the following:
On 31st March, 2018, a merchant's Cash Book showed a credit bank balance of ₹ 10,500 but due to the following reasons the Pass Book showed a difference.
(i) A cheque of ₹ 540 issued to Mohan has not been presented for payment.
(ii) A post-dated cheque for ₹ 100 has been debited in the bank column of the Cash Book but under no circumstances was it possible to prove it.
(iii) Four cheque for ₹ 1,200 sent to the bank have not been collected so far. A cheque of ₹ 400 deposited in the bank has been dishonoured.
(iv) As per instructions, the bank paid ₹ 50 as Fire Insurance premium but the entry has not been made in the Cash Book.
(v) There was a debit in the Pass Book of ₹ 15 in respect of bank charges and a credit of ₹ 25 for interest on Current Account but no record exists in the Cash Book.
(vi) Cheque of ₹ 5,000 dated 15th April, 2018 issued to M & Co. was dishonoured being post dated. It was also not recorded in the books of account yet.

Answer:

Bank Reconciliation Statement

as on March 31,2018

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, 2018 issued to M & Co. dishonoured will have no impact as this statement is as on 31st March 2018.

Page No 12.48:

Question 21:

From the following particulars of a trader, prepare a Bank Reconcilaton Statement as on 31st March, 2018.
(i) Bank overdraft as per Cash Book ₹ 52,100.
(ii) During the month, the total amount of cheques for ₹ 94,400 were deposited into the bank but of these, one cheque for ₹ 11,160 has been entered into the Pass Book on 5th April.
(iii) During the month, cheques for ₹ 89,580 were drawn in favour of creditors. Of them one creditor for ₹ 38,580 encashed his cheque on 7th April whereas another for ₹ 4,320 have not yet been encashed.
(iv) As per instructions the bank on 28th March paid out ₹ 10,500 to a creditor but by mistake, the same has not been entered in the Cash Book.
(v) According to agreement, on 25th March, a debtor deposited directly into the bank ₹ 9,000 but the same has not been recorded in the Cash Book.
(vi) In the month of March, the bank without any intimation, debited his account for ₹ 120 as bank charges and credited the same for ₹ 180 as interest.
(vii) Cash deposit of ₹ 5,780 in bank was recorded as ₹ 7,580. The error was rectified by the Bank before 31st March, 2018.

Answer:

Bank Reconciliation Statement

as on March 31,2018

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 12.48:

Question 22:

Prepare Bank Reconciliation Statement from the following particulars as on 31st March, 2018, when Pass Book shows a debit balance of ₹ 2,500:
(i) Cheque issued for ₹ 5,000 but up to 31st March, 2018 only ₹ 3,000 could be cleared.
(ii) Cheques issued for ₹ 1,000 but omitted to be recorded in the Cash Book.
(iii) Cheques deposited for ₹ 5,500 but cheques for ₹ 500 were collected on 4th April 2018.
(iv) A discounted Bill of Exchange dishonoured ₹ 1,000.
(v) A cheque of ₹ 500 debited in Cash Book but omitted to be banked.
(vi) Interest allowed by bank ₹ 200 but no entry was passed in the Cash Book.

Answer:

Bank Reconciliation Statement

as on March 31,2018

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:

Question 23:

From the following information, prepare Bank Reconciliations Statement as on 31st March, 2018:

   
(i) Bank overdraft as per 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 Cash Book but not banked. 9,000
(v) Directly deposited to bank by a customer. 11,000

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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:

Question 24:

On 31st March, 2018, Bank Pass Book of Naresh & Co. showed an overdraft of ₹ 10,700. From the following particulars, prepare Bank Reconciliation Statement:
(i) Cheques issued before 31st March, 2018 but presented for payment after that date amounted to ₹ 900.
(ii) Cheques paid into the bank but not collected and credited unitl 31st March, 2018 amounted to ₹ 2,200.
(iii) Interest on overdraft amounting to ₹ 1,200 did not appear in the Cash Book.
(iii) ₹ 5,000 being interest on investments collected by the bank and credited in the Pass Book were not shown in the Cash Book.
(iv) Bank charges of ₹ 50 were not entered in the Cash Book.
(v) ₹ 800 in respect of dishonoured cheque were intered in the Pass Book but not in the Cash Book.

Answer:

Bank Reconciliation Statement

as on March 31, 2018

S. No.

Particulars

Plus Items

(Rs)

Minus Items

(Rs)

 

Overdraft as per the Pass Book

 

10,700

(i)

Cheque issued in March 2018 but presented after that date

 

900

(ii)

Cheques deposited but not cleared during March 2018

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:

Question 25:

On 31st March, 2018, Pass Book of Shri Bhama Shah shows debit balance of ₹ 10,000. From the following particulars, prepare Bank Reconcilation Statement.
(i) Cheques amounting to ₹ 8,000 drawn on 25th March of which cheques of ₹ 5,000 cashed in April, 2018.
(ii) Cheques paid into bank for collection of ₹ 5,000 but cheques of ₹ 2,200 could only be collected in March 2018.
(iii) Bank charges ₹ 25 and dividend of ₹ 350 on investemnt collected by bank could not be shown in the Cash Book.
(iv) A cheque of ₹ 600 debited in the Cash Book omitted to be banked.
(v) Bill of ₹ 5,000 discounted with Bank but was not recorded in the Cash Book.

Answer:

Bank Reconciliation Statement

as on March 31,2018

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 12.49:

Question 26:

On checking the Bank Pass Book it was found that it showed an overdraft of ₹ 5,220 as on 31st March, 2018, while as per Ledger it was different. The following differences were noted:
(i) Cheques deposited but not yet credited by the bank ₹ 6,000.
(ii) Cheques dishonoured and debited by the bank but not given effect to it in the Ledger ₹ 800.
(iii) Bank charges debited by the bank but Debit Memo not received from the bank ₹ 50.
(iv) Interest on overdraft excess credited in the Ledger ₹ 200.
(v) Wrongly credited by the bank to account, deposit of some other party ₹ 900.
(vi) Cheques issued but not presented for payment ₹ 400.

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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:

Question 27:

Prepare Bank Reconciliation Statement from the following particulars as on 31st March, 2018 when Pass Book shows a debit balance of ₹ 2,500:
(i) Cheque issued for ₹ 5,000 but up to 31st March, 2018 only ₹ 3,000 could be cleared.
(ii) Cheques deposited for ₹ 5,500 but cheques of ₹ 500 were collected on 10th April, 2018.
(iii) A discounted Bill of Exchange dishonoured ₹ 2,000.
(iv) A cheque of ₹ 300 debited in Cash Book but omitted to be banked.
(v) Interest allowed by bank ₹ 400 but no entry was passed in the Cash Book.

Answer:

Bank Reconciliation Statement

as on March 31,2018

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:

Question 28:

From the following particulars, you are required to ascertain the bank balance as would appear in the Cash Book of Ramesh as on 31st October, 2017:
(i) Bank Pass Book showed an overdraft of ₹ 16,500 on 31st October.
(ii) Interest of ₹ 1,250 on overdraft up to 31st October, 2017 has been debited in the Bank Pass Book but it has not been entered in the Cash Book.
(iii) Bank charges debited in the Bank Pass Book amounted to ₹ 35.
(iv) Cheques issued prior to 31st October, 2017 but not presented till that date, amounted of ₹ 11,500.
(v) Cheques paid into bank before 31st October, but not collected and credited up to that date, were for ₹ 2,500.
(vi) Intrest on investment collected by the bankers and credited in the Bank Pass Book amounted to ₹ 1,800.

Answer:

Bank Reconciliation Statement

as on October 31,2017

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:

Question 29:

From the following information supplied by Mr. D.H., prepare his Bank Reconciliation Statement as on 31st March, 2018:

   
(i) Bank overdraft as per 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 the bank for collection. 4,000
(v) Payment received from customers directly by the bank. 7,000
(vi) Bank charges debited in the Pass Book. 40
(vii) Premium of Life Insurance Policy of Mr. D.H. paid by the bank on standing instructions. 360
(viii) A bill for ₹ 6,000 dishonoured on 30th March, 2018 and bank paid Noting charges. This bill was discounted on 30th January, 2018. 20

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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 12.50:

Question 30:

Prepare Bank Reconciliation Statement as on 31st March, 2018 from the following particulars:
(i) R's overdraft as per Pass Book ₹ 12,000 as on 31st March.
(ii) On 30th March, cheques had been issued for ₹ 70,000 of which cheques amounting to ₹ 3,000 only had been encashed up to 31st March.
(iii) Cheques amounting to ₹ 3,500 had been paid into the bank for collection but of these only ₹ 500 had been credited in the Pass Book.
(iv) Bank has charged ₹ 500 as interest on overdraft and the intimation of which has been received on 2nd April, 2018.
(v) Bank Pass Book shows credit for ₹ 1,000 representing ₹ 400 paid by debtor of R direct into the bank and ₹ 600 collected directly by the bank in respect of interest on R's investment. R had no knowledge of these items.
(vi) A cheque for ₹ 200 has been debited in the bank column of Cash Book by R but it was not sent to the bank at all.

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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:

Question 31:

Prepare Bank Reconcilation Statement form the following particulars and show balance as per Cash Book:
(i) Balance as per Pass Book on 31st March, 2018 overdrawn ₹ 10,000.
(ii) Cheques drawn in the last week of March, 2018 but not cleared till 3rd April, 2018 ₹ 20,000.
(iii) Interst on bank overdraft not entered in the Cash Book ₹ 1,500.
(iv) Cheques of ₹ 20,000 deposited in the bank in March, 2018 but not collected and credited till 3rd April, 2018.
(v) ₹ 100 Insurance premium paid by the bank under a standing order has not been entered in the Cash Book.
(iv) A draft of ₹ 10,000 favouring Atul & Co. was issued by the bank charging commission of ₹ 200. However, in the Cash Book entry was passed by ₹ 10,000.

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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:

Question 32:

Bank Pass Book of Mr. X showed an overdraft of ₹ 33,575 on 31st March 2018. On going through the Pass Book the accountant found the following:
(i) A cheque of ₹ 1,080 credited in the Pass Book on 28th March, being dishonoured is debited again in the Pass Book on 1st April, 2018. There was no entry in the Cash Book about the dishonour of the cheque until 15th April.
(ii) Bankers had credited his account with ₹ 2,800 for interst collected by them on his behalf but the same had not been entered in his Cash Book.
(iii) Out of ₹ 20,500 paid by Mr. X in cash and by cheques on 31st March, cheque amounting to ₹ 7,500 were collected on 7th April.
(iv) Out of chequs amounting to ₹ 7,800 drawn by him on 27th March, a cheque for ₹ 2,500 was enchased on 3rd April.
(v) A credit wrongly given by bank of ₹ 5,500 was reveresed by it on 6th April, 2018.
Prepare Bank Reconcilation Statement on 31st March, 2018.

Answer:

Bank Reconciliation Statement

as on March 31,2018

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, 2018 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 12.51:

Question 33:

From the follwoing information supplied by Sanjay, prepare his Bank Reconcilation Statement as on 31st March, 2018:

   
(i) Bank overdraft as per Pass Book. 16,500
(ii) Cheques issued but not presented for payment. 8,750
(iii) Cheques deposited with the Bank but not collected. 10,500
(iv) Cheques recorded in the Cash Book but not sent to the bank for collection. 2,000
(v) Payments received from customers directly by the bank. 3,500
(vi) Bank charges debited in the Pass Book. 200
(vii) Premium on Life Policy of Sanjay paid by the bank on standing advice. 1,980
(viii) A bill for ₹ 3,000 (discounted with the bank in February) dishonoured on 31st March, 2018 and noting charges paid by the bank. 100

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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:

Question 34:

From the following information, prepare Bank Reconciliation Statement as on 31st March, 2018:
(i) Debit balance shown by Pass Book ₹ 17,800.
(ii) Cheque of ₹ 21,600 were issued in the last week of March but only cheques of ₹ 14,800 were presented for payment.
(iii) Cheques of ₹ 10,750 were presnted to the bank. Out of them, a cheque of ₹ 4,200 was credited in the first week of April, 2018.
(iv) A cheque of ₹ 1,200 was debited in the cash book but was not presented in the bank.
(v) Insurance premium paid by bank ₹ 1,450.
(vi) A bill of exchange of ₹ 6,200 which disocunted with the same was dishonoured but no entry was made in the Cash Book.
(vii) Bank chearges, charged by the bank ₹ 350.

Answer:

Bank Reconciliation Statement

as on March 31,2018

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:

Question 35:

Mohan & 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 as on 31st March, 2018 according to the Cash Book (Bank Column) of the firm:

   
(i) Overdraft as per Pass Book. 14,724
(ii) Cheques issued prior to 31st March, 2018 but not presented till 31st March 6,429
(iii) Cheques paid into the bank prior to 31st March, 2018 but not credited till 31st March. 9,751
(iv) Interest debited by the bank but not entered in the Cash Book. 607
(v) Bank charges debited by the bank but not entered in the Cash Book. 140
(vi) Transfer of funds from Account No. II to Account No. I recorded by the bank on 31st March, 2018 but entered in the Cash Book on 2nd April, 2018. 5,000

Answer:

Bank Reconciliation Statement

as on March 31, 2018

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 12.52:

Question 36:

From the following particulars, ascertain the bank balance as per Pass Book as on 31st March, 2018 (a) without correcting the Cash Book balance and (b) after correcting the Cash Book balance:
(i) The bank balance as per Cash Book on 31st March, 2018 ₹ 40,000.
(ii) Cheques issued but not encaashed up to 31st March, 2018 amounted to ₹ 10,000.
(iii) Cheques paid into the bank, but not cleared up to 31st March, 2018 amounted to ₹ 15,000.
(iv) Interest on investments collected by the bank but not entered in the Cash Book ₹ 500.
(v) Cheques deposited in the bank but not entered in the Cash Book ₹ 12,500.
(vi) Bank charges debited in the Pass Book but not entered in the Cash Book ₹ 100.

Answer:

(a) Without correcting Cash Book Balance

 

Bank Reconciliation Statement

as on March 31,2018

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, 2018

Dr.

 

 

 

 

Cr.

Date

Particulars

Bank

(Rs)

Date

Particulars

Bank (Rs)

2018

 

 

2018

 

 

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 31,2018

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:

Question 37:

From the folowing particulars, find out corrected bank balance as per Cash Book and thereafter proepare a Bank Reconcilation Statement as on 31st March, 2018 of a sole proprietor:

   
(i) Bank overdraft as per the Cash Book. 80,000
(ii) Cheques deposited as per the bank statement but not entered in the Cash Book. 3,000
(iii) Cheques recorded for collection but not sent to the bank. 10,000
(iv) Credit side of bank column casted short. 1,000
(v) Bank charges recorded twice in the Cash Book. 100
(vi) Customer's cheque returned as per the Bank Statement. 4,000
(vii) Cheques issued but dishonoured on technical grounds. 3,000
(viii) Bill collected by bank directly. 20,000
(ix) Cheque received entered twice in the Cash Book. 5,000

Answer:

Cash Book (Adjusted)

for the month of March 31, 2018

Dr.

 

 

Cr.

Date

Particulars

Bank

(Rs)

Date

Particulars

Bank

(Rs)

2018

 

 

2018

 

 

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, 2018

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:

Question 38:

From the following extracts from the Cash Book and the Pass Book for the month of January, 2018, prepare Bank Reconcilation Statement:
 

CASH BOOK (BANK COLUMNS ONLY)
Dr.    
Cr.
Date
Particulars
Bank
(₹)
Date
Particulars
Bank
(₹)
2018
   
2018
   
Jan.01
To Balance b/d
4,510
Jan.02
By S. Gidwani & Co.
1,230
Jan.03
To Cash 300
Jan.06
By Wages 3,000
Jan.10
To G. Basu & Co. 1,000
Jan.14
By Basu & Co.
(Cheque dishonoured)
1,000
Jan.15
To Mohan & Co. 2,300
Jan.15
By V. Kumar & Co.
300
Jan.17
To Cash 600
Jan.18
By S. Sharda & Sons
470
Jan.20
To M. Mohan & Bros. 1,550
Jan.24
By Cash
400
Jan.24
To T.P. Bhalla & Co. 740
Jan.28
By R. Ramdas & Co.
780
Jan.31
To S. Leader & Sons
2,130
Jan.31
By B. BansaL & Bros.
340
     
Jan.31
By Balance c/d
5,610
   
13,130
   
13,130
2018
         
Feb.
To Balance c/d
5,610
     
   
PASS BOOK
Date
Particulars
Withdrawals
(₹)
Deposits
(₹)
Dr. or Cr.
Balance
(₹)
2018
         
Jan.01
By Balance    
Cr.
4,510
Jan.03
By Cash  
300
Cr.
4,810
Jan.06
To Selves–Cash
3,000
 
Cr.
1,810
Jan.10
To S. Gidwani & Co.
1,230
 
Cr.
580
Jan.16
By Mohan & Co.  
2,300
Cr.
2,880
Jan.17
By Cash  
600
Cr.
3,480
Jan.20
To S. Sharda & Sons
470
 
Cr.
3,010
Jan.24
To Cash
400
 
Cr.
2,610
Jan.31
To Bank Charges
10
 
Cr.
2,600
Jan.31
To Life insurance Premium as per instructions
250
 
Cr.
2,350
Jan.31
By Interest on Government Securities  
300
Cr.
2,650

Answer:

Bank Reconciliation Statement

as on January 31, 2018

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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