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Interest allowed by bank is interest credited or interest debited by bank into our account ?
What does cheque issued but not cleared mean
From the following particulars, prepare a bank reconciliation statement of Paradise Electronic Motor Private Ltd., as on 30th Sep., 2012:
(a) Overdraft on 30th Sep., 2012 as per pass book Rs 10000
(b) Cheques deposited in the bank but not recorded in the cash book Rs 100
(c) Cheques received and recorded in the bank column but not sent to bank for collection Rs 1000
(d) Several cheques were drawn in the last week of September, totalling Rs 15000; of these cheques totalling only Rs 9000 were cashed before 30th September.
(e) Similarly, several cheques, totalling Rs 9000 were sent for collection; of these, cheques of the value of Rs 1500 were credited on 5th October and Rs 2000 on 7th October, balance being credited before 30th September.
(f) On 11th Sep., 2012, the credit side of the bank column of the cash book was cast Rs 1000 short and the credit balance of Rs 2600 on 15th September, 2012 was brought forward on 16 September, 2012 as debit balance of Rs 2600.
(g) Fees of Rs 250 were paid directly by the bank but was not recorded in the cash book.
(h) In the cash book, a bank charge of Rs 30 was recorded twice while another bank charge of Rs 50 was not recorded at all.
(i) Interest of Rs 1400 was charged by the bank but was not recorded in the cash book.
The answer given in the book is : Overdraft as per cash book Rs 3730
Payment side of cash book undercast by Rs. 1500 .
Why is the above statement deducted in the BRS when the blance is as per Cash book. Please explain
the credit balance of rs.2000 in the bank column f the cash bok was carried forwaded as its debit balance. when overdraft as per passbook is starting point : 2000 will be deducted , 2000 will be added , 4000 will be deducted , 4000 will be added give answer with proper expalanation like a tution not give only the direct answer
A bill for Rs. 700 RETIRED by bank under a rebate of Rs. 20, the full amount of the bill was credited in the cash book.
WHAT IS THE MEANING OF THIS LINE?
Credit side of cash book bank column cast short
Explain it please.
find that the bank balance shown by his cash book on December 31, 2005 is Rs
90,600 (Credit) but the passbook shows a difference due to the following
cheque (post dated) for Rs 1,000 has been debited in the bank column of the
cash book but not presented for payment. Also, a cheque for Rs 8,000 drawn in
favour of Manohar has not yet been presented for payment. Cheques totaling Rs
1,500 deposited in the bank have not yet been collected and cheque for Rs 5,000
has been dishonoured.
What is a
bank reconciliation statement? Why is it prepared?
difference between cashbook and passbook
A debit of Rs 100 appeared in the bank statement for an unpaid cheque, which had been return marked 'out of date'. The cheque had been re-dated by the customer and paid into the bank again on 5th july, 2011.
What will be the treatment when preparing brs starting with a Cr balance as per Pass book
Withdrawal column of the passbook undercast by Rs 200. What is the treatment when we consider balance as per passbook?
On 30th June, 1994, the bank column of Mohan Kapoor's cash book showed a debit balance of Rs 12,000. On cheching the cash book with bank statement ryou find that:-
How to prepare a bank reconciliation statement?
how should we do the amended cash book? Can you please illustrate with an example?
Solutions of practical problems of T.S.Grewal of chapter Bank Reconciliation Statement
January 2005, Rakesh had an overdraft of Rs 8,000 as showed by his cash book.
Cheques amounting to Rs 2,000 had been paid in by him but were not collected by
the bank by January 01, 2005. He issued cheques of Rs 800 which were not
presented to the bank for payment up to that day. There was a debit in his
passbook of Rs 60 for interest and Rs 100 for bank charges. Prepare bank
reconciliation statement for comparing both the balance.
the process of preparing bank reconciliation statement with amended
the pass book of rajesh showed a credit balance of Rs 28500 on 31-5-09 while his cash book showed a different balance .prepare a BRS on the basis of the foll transactions
Prepare a bank reconciliation statement from the following particulars:
Bank Overdraft as per cash book Rs 8000
Cheques deposited in bank but no entry was passed in the cash book Rs 300
Cheque received but not sent to bank Rs 1000
Credit side of bank column cash short Rs 100
Insurance premium paid directly by bank as per standing advice Rs 500
Bank charges entered in cash book twice Rs 10
Cheques returned back but no entry passed Rs 400
Cheques’ issued’ returned back on account of technical grounds Rs 300
Bills directly collected by bank Rs 2000
Bank charges debited by bank Rs 12
Cheques received entered twice Rs 500
Bills discounted dishonoured Rs 4000
State which items will require adjustment in the books of accounts.
solutions of t.s. grewal's financial accounting
The cash book of Mr. Ratan Mukherjee shows Rs 7360 as the balance at bank as on 31st December, 2008, but does not agree with the balance as per the bank pass book on the same date. On scrutiny you find the following discrepancies
Deccember, 2008 the payments side of the cash book was undercast by rs 250
2. 2. a cheque for rs 185 issued on 20th December, 2008 was taken in the cash column.
3. 3.One deposit of rs 375 was recorded in the cash book as if there is no bank column therein
4. 4.On 16th December, 2008, the debit balance in the cash book of rs 1280 as on the previous day was brought forward as credit balance.
5. 5.Of the total cheques amounting to rs 12630 drawn in the last week of December, 2008, cheques aggregating rs 8630 were encashed in December 2008
6. 6.Dividends of rs 480 collected by the bank and subscription of rs 150 paid by it were not recorded in the cash book.
7. 7.One outgoing cheque of rs 200 was recorded twice in the cash book.
8. 8.Of the total cheques amounting to rs 18780 paid into bank in the last week of December,2008, cheques aggregating rs 10850 were collected by the bank in the January following.
Prepare a Bank Reconciliation Statement as on 31st December, 2008
From the following particulars prepare bank reconciliation statement as on 31st Dec., 2012:
(a) Debit balance as per cash book Rs 10000
(b) A cheque for Rs 500 issued in favour of Rajni has not been presented for payment.
(c) A bill for Rs 700 retired by bank under a rebate of Rs 20, the full amount of the bill was credited in Cash Book.
(d) A cheque for Rs 295 deposited in bank has been dishonoured.
(e) A sum of Rs 800 deposited in the bank has been credited as Rs 80 in the Pass Book.
(f) Payment side of Cash Book has been under cast by Rs 100.
What is Bank Reconcillation Statement ?
help me ques no.25 of brs dk goel book
When Debit Balance (Favourable Balance) as per Cash Book is Given.
Question 1. Rim Zim Ltd. maintains a current account with the State Bank of India. On 31st arch, 2010, the bank column of its cash book showed a debit balance of Rs 1,54,300. However, the bank statement showed a different balance as on that date.
The folllowing were the reasons for the difference:
Find out the balance as per the bank statement as on 31st March, 2010.
Question 2. The balance of cash at bank as shown by the Cash Book of Pan & Co. on 31st December, 2010, was Rs 7,500. On checking the entries in the Cash Book with the Pass Book, it was ascertained that cheques of Rs 500 and Rs 700 respectively paid in on 30th December, were not credited until the 2nd January following and three cheques of Rs 600, Rs 800 and Rs 1,200 issued on the 28th December were not presented until the 3rd of January. There was a credit of Rs 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 Rs 10 which were not entered in the Cash Book.
Prepare a Bank Reconciliation Statement as at 31st December, 2010.
Bank pass book of mr.x showed an o/d of rs 33,575 on 31st mar 200..Find the cash book balance
1.A cheque of rs1080 credited in passbook on 28th march being dishonoured is debited again in te passbook on 1st april 2008. there was no entry in cash book about te dishonour of cheque until 15th april 2008.
2. Bankers had credited his a/c with rs 2800 for interest collectedby them on his behalf but te same had not been entered in his cashbook.
3. out of rs 20,500 paid in by Mr.X in cash and by cheques on 3st march,cheques amounting to rs7500 were collected on 7th april.
4. out of cheques amounting to rs 7800 drawn by him on 27th march, a cheque for rs 2500 was encashed on 3rd april.
Q.A bill for Rs 6,900 discounted with the bank is entered in the cash book with recording the discount charge of Rs 800.
A.Discount charges of bill was omitted to be recorded in the Cash Book - 800.
can any1 plz xplain dis to me????
comparing the cash book with passbook of Naman it is found that on March 31,
2005, bank balance of Rs 40,960 showed by the cash book differs from the bank
balance with regard to the following:
charges Rs 100 on March 31, 2005, are not entered in the cash book.
March 21, 2005, a debtor paid Rs 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.
totaling Rs 12,980 were issued by the company and duly recorded in the cash
book before March 31, 2005, but had not been presented at the bank for
payment until after that date.
bill for Rs 6,900 discounted with the bank is entered in the cash book with
recording the discount charge of Rs 800.
3,520 is entered in the cash book as paid into bank on March 31st,
2005, but not credited by the bank until the following day.
entry has been made in the cash book to record the dishon or on March 15,
2005 of a cheque for Rs 650 received from Bhanu.
a reconciliation statement as on March 31, 2005.
On 30th june 1994 the bank balance as per sanjay yadav,s cashbook was rs 1,500. on comparing with the passbook the following informatiopn was recieved:
1 cheques amounting to rs 7290 were issued on 28th june of which one cheque of rs1300 was presented in the bank for payment on 4th july
2cheques deposited into bank for rs 10000 but of these cheques for rs 4000 were cleared and cr. in july
3interest and dividend on investments rs 580 collocted by bank and cr. to his a/c but he did not have any information for this
4life insurance premimum rs750 paid by back according to his standing orders
5 bank charges rs 25 not recorded in the cash book
prepare a BRS
T 's cash book showed a bank overdraft of rs.49,350 on 30 sept,2012.
T's cash book showed a bank overdraft of rs.49,350 on 30sept,2012.
out of the cheques which were issued by T on 20 sept,2012,cheques of rs.3,700 were presented to bank on 2oct 2012 for payment and a crossed cheque of rs.750 issued to mr.A was returned by him and exchange for it a bearer cheque issued to him on 1oct,2012. cheques amounting to rs. 3,400 were deposited in the bank on 29sept,2012 but the bank had credited on 1oct,2012 cheques of rs.1300 only and one cheque of rs.250 was dishonourd and returned by them . according to T's standing order the bank payedto his creditor interest of rs.320 on 30sept,2012, his quarterly policy premium rs.160 and second call of rs.600 on shares subscribed for by him. bank received dividend of rs.150 and received insurance claim money rs.800 on his behalf.on all these bank expenses amted to rs.15. on receipt of the info Mr.R made necessary entries in his cash book on 1oct,2012.
his bank had wrongly credited rs.500 and wrongly debited rs.300 to hisbank a/c. prepare bank reconciliation statement in bk of Mr.T.
Prepare a bank reconciliation statement from the followong particulars:
(i) Bank balance as per pass book = 400000
(ii) Cheque deposited into the bank, but no entry was passed in the cash book = 5000
(iii) Cheque recieved and entered in the cash book but not sent to bank = 12000
(iv) Credit side of cash book bank column cast short = 2000
(v) Insurance premium paid directly the bank under the standing advice = 6000
(vi) Bank charges entered twice in the cash book = 200
(vii) Cheque issued but not presented to bank for payment = 5000
(viii) Cheque recieved entered twice in the cash book = 10000
(ix) Bill discounted dishonoured not recorded in the cash book = 50000
n 31.03.09 the balance of the cash book is 7074(credit) and balance as per bank statement is 3159(debit). On scrutiny it was found that the difference was due to cheques issued but yet not presented for payment . The bank balane as on 31.03.09 to be shown in balance sheet as:a. as bank overdraft 3159 b.as cash at bank 7074 c.as bank overdraft 7074 d. as cash at bank 3159 please explain detail
briefly explain the statement 'wrongly debited by the bank' with the help of an example.
Who prepares the Bank Reconciliation Statement?
1. Tendulkar's Cash Book showed a bank overdraft of Rs.49, 350 on 30th Sept, 2012. On comparing Cash Book with the Pass Book following information were received:
Out of the cheques which were issued by Tendulkar on 20th sept.2012, cheques of Rs.3, 700 were presented to bank on 2nd Oct.2012 for payment and a crossed cheque of Rs.750 issued to Abdulla was returned by him and in exchange for it a bearer cheque issued to him on 1st Oct.2012. Cheques amounting to Rs.3400 were deposited in the bank on 29th Sept.2012 but the bank had credited on 1st Oct.2012 cheques of Rs.1300 only and one cheque of Rs.250 was dishonoured and returned by them. According to Tendulkar's standing order the Bank had paid to his creditor's interest of Rs.320 on 30th Sept.2012, his quarterly policy premium Rs.160 and second call of Rs.600 on shares subscribed for by him. Bank received dividend of Rs.150 and received insurance claim money Rs.800 on his behalf. On all these bank expenses amounted to Rs. 15. On receipt of this information Ramesh made necessary entries in his Cash Book on SiI Oct.2012.
His bank had wrongly credited Rs.500 and wrongly debited Rs.300 to his bank account. Prepare Bank Reconciliation Statement as on 30th Sept.20 12 and in the books of Tendulkar.
Satheesh Traders received a Bank Statement showing a favourable balance of Rs.I0,392 for the period ended on 301h June,2010, this did not agree with the balance in the cash book.
An examination of the Cash Book and Bank Statement disclosed the following:
1) A dposit of 3000 paid on 29th june 2010 had not been credited by the bank until 1 july 2010
3) On 30th March,2010 the firm had entered into hire purchase agreement to pay by bankers order a sum of Rs.3,000 on the 10th of each month, commencing from Apri1,2010. No entries had been made in Cash Book.
4. A customer of the firm, who received a cash discount of 4% on his account of Rs.4,000 paid the firm a cheque on 12th June. The cashier erroneously entered the gross amount in the bank column of the Cash Book.
5. Bank charges amounting to Rs.300 had not been entered in Cash Book
6. On 28th june, a customer of the firm directly deposited the amount in the bank Rs.4,000, but no entry had been made in the Cash Book.
7. Rs,1,200 paid into the bank had been entered twice in the Cash Book.
8. A debit of Rs. 100 appeared in the Bank Statement for an unpaid cheque, which had been returned marked 'out of date'. The cheque had been re-dated by the customer and paid into Bank again on 5th July,2010.
Prepare Bank Reconciliation Statement on 30th June,2010.
what do you mean by bank reconciliation statement?
if any amount wrongly credited in cash book
bank reconcilation statement
on examining the bank pass book of green ltd., it is found that the balance shown on 31st march, 2012, the close of the company's financial year, differs from the bank of rs. 23,650 shown by the cash book on that date. from a detailed comparison of the entries it found that:
1. rs. 2,860 is entered in the cash book as paid into bank on 31 march 2012, but not credit by the bank until the following day.
2. bank charges of rs. 70 on 31st march 2012 are not entered in the cash book.
3. a bill of rs. 5,500 discounted with the bank is entered in the cash book without recording the discount charge ofrs.270.
4.cheques totalling rs. 16,720 were issued by the company and duly recorded in the cash book before 31st march ,2012, but had not been presented at the bank for payment until after that date.
5. on 25th march, 2012, a debtor paid rs. 1,000 into the company bank in settlement of his account , but no entry was made in the cash book of the company in repect of this.
6.no entry has been made in the cash book to record the dishonour on 15th march, 2012, of a cheque for rs. 550 recieved from ram babu.
how do we solve these quest.
1.Overdraft as per cashbook is given....
Cheques of 3400...were deposited in bank on 29th septbut bank credited on 1st oct ...rs 1300 onli..and on cheque was dishonoued of rs 250 and returned by them...
Prepare brs as on 30 sept 2012
Wt does it mean when bank credits an amnt to our account?
2. Cashbook favourable bal. Is given.
A debit appeared in bank statement for rs 100 for unpaid cheque..which hqd been
over draft as per pass book...means,,???
cn ny1 explain..dis...pls..;p..!!
any easy way to learn b.r.s plsss reply...
(i) Explain the reasons on account of which the balance as shown by the pass book does not agree with the balance as shown by the bank column of the cash book.
(ii) The bank pass book of Mr X showed an overdraft of Rs 33575 on 31st March , 2012 . On going through the pass book, the accountant found the following:
(a) A cheque of Rs 1080 credited in the pass book on March 28, being dishonoured is debited again in the pass book on 1st April, 2012. There was no entry in the cash book about the dishonour of the cheque until 15th April.
(b) Bankers had credited his account with RS 2800 for interest collected by them on his behalf, but the same had not been entered in his Cash book.
(c) Out of Rs 20500 paid in by Mr. X in cash and by cheques on 31st March, cheques amounting to Rs 7500 were collected on 7th April.
(d) Out of cheques amounting to Rs 7800 drawn by him on 27 th March, a cheque for Rs 2500 was encashed on 3rd April.
Prepare bank reconciliation statement on March 31, 2012.
The answer given in the book is : Overdraft balance as per cash book= Rs 31375
brs project answers
Prepare the bank reconciliation statement of Mohan as on 31st March, 2011 from the following information
Please solve this and explain me 2 and 8
Prepare bank reconciliation statement from details given below and ascertain the balance as per Mr. Gani’s cash book as on 31st Dec., 2012:
(a) Bank overdraft balance as per pass book Rs 12000
(b) Cheques issued to creditors amounting to Rs 20000 in the month of Dec., 2012 , of which cheques worth Rs 3000 presented to bank up to 31st. Dec., 2012
(c) A cheque of Rs 6000 received from Raj was deposited into the bank account on 25th Dec.,2012 but no entry was passed in cash book. The same is collected and credited to Mr Gani’s account on 27 Dec., 2012.
(d) A cheque of Rs 2000 received from Mr. Baria on 20th Dec., 2012 was recorded in the discount column of cash book but was not banked.
(e) The pass book showed that the bank had collected Rs 4000 as interest on Government Securities. The bank had charged interest Rs 500 and bank charges Rs 200. There was no entry in cash book for the same.
the reasons where the balance shown by the bank passbook does not
agree with the balance as shown by the bank column of the cash book.
On 31st Dec. 2012, my passbook No. 1 showed an overdraft of Rs 9500. Out of cheques of Rs 4500 paid on 28th Dec. Rs 2000 appear to have been credited on 3rd Jan., 2013.
Out of cheques amounting to Rs 8000 issued during the month of Dec. cheques worth Rs 4500 appear to have been presented before 31st Dec. , 2012. Inadvertently, the bank has credited a sum of Rs 1000 to my account which belonged to some other account. Interest on overdraft from bank was Rs 500. This was subsequently entered by me in the book. My bank account showed a credit of Rs 600 for interest on securities collected by it.
Prepare a bank reconciliation statement as on 31st. Dec., 2012
what will be the entry of "A discounted bill of exchange dishonoured rs.2000" in BRS..given-PASSBOOK HAVE DEBIT BALANCE....
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