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Surabhi asked a question
Subject: Accountancy, asked on on 10/9/15
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Subject: Accountancy, asked on on 27/2/13
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Subject: Accountancy, asked on on 13/9/15
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Subject: Accountancy, asked on on 2/8/13
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Subject: Accountancy, asked on on 4/9/13
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Subject: Accountancy, asked on on 3/9/13
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Subject: Accountancy, asked on on 9/7/10

On 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:

(a)

Bank charges Rs 100 on March 31, 2005, are not entered in the cash book.

(b)

On 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.

(c)

Cheques 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.

(d)

A bill for Rs 6,900 discounted with the bank is entered in the cash book with recording the discount charge of Rs 800.

(e)

Rs 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.

(f)

No 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.

Prepare a reconciliation statement as on March 31, 2005.

 

 

Veena & 1 other asked a question
Subject: Accountancy, asked on on 18/7/15
Zainab Baseer asked a question
Subject: Accountancy, asked on on 21/11/16
Priya Bohemian asked a question
Subject: Accountancy, asked on on 22/7/13

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:

  1. Cheques deposited, but not yet credited by the bank. Rs 75,450
  2. Cheques issued, but not yet presented for payment. Rs 80,760
  3. Bank charges not yet recorded in the cash book. Rs 1,135
  4. Cheques received by the bank directly from trade debtors. Rs 1,35,200
  5. Insurance premium paid by the bank as per standing instructions, but not yet recorded in the cash book. Rs 15,400
  6. Dividend collected by the bank, but not yet recorded in the cash book. Rs 1,000

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.

Time asked a question
Subject: Accountancy, asked on on 10/12/14
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Subject: Accountancy, asked on on 8/10/14
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Subject: Accountancy, asked on on 19/1/16
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Subject: Accountancy, asked on on 1/11/12
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Subject: Accountancy, asked on on 11/9/12
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Subject: Accountancy, asked on on 9/9/13
Jessica Verona asked a question
Subject: Accountancy, asked on on 18/1/13

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.

quest 2

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.

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