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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
What does cheque issued but not cleared mean
shown by the passbook of Mr. Murli is Rs 20,000. Prepare bank reconciliation
statement on dated December 31, 2005.
charges debited as per passbook Rs 500.
recorded in the cash book but not sent to the bank for collection Rs 2,500.
a payment directly from customer Rs 4,600.
issued but not presented for payment Rs 6,980.
credited by the bank Rs 100.
paid by bank Rs 2,500.
Cheques deposited with the
bank but not collected Rs 3,500.
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.
What is a
bank reconciliation statement? Why is it prepared?
difference between cashbook and passbook
Withdrawal column of the passbook undercast by Rs 200. What is the treatment when we consider balance as per passbook?
How to prepare a bank reconciliation statement?
My bank pass book for account No. 1 shows an overdraft of Rs 6500 on 31st March, 2012. This does not agree with the cash book balance. From the following particulars ascertain the cash book balance:
Cheques amounting to Rs 15000 were paid into Bank in March, out of which, it appears, only cheques amounting to Rs 4500 were credited by Bank. Cheques issued during March amounted in all to Rs 11000. Out of these cheques for Rs 3000 were unpaid on 31st March, 2012. The bank has wrongly debited Account No. 1 with Rs 500 in respect of a cheque drawn on Account No. 2 . The account stands debited with Rs 150 for interest and with Rs 30 for Bank charges. The bank has paid the annual subscription of Rs 100 to my club according to my instructions. The entries for interest charges and subscription have not yet been made in the cash book.
The answer given in the book is: Balance as per cash book= Rs 1780
how should we do the amended cash book? Can you please illustrate with an example?
Interest allowed by bank is interest credited or interest debited by bank into our account ?
Solutions of practical problems of T.S.Grewal of chapter Bank Reconciliation Statement
December 31, 2005, the cash book of Mittal Bros. Showed an overdraft of Rs
6,920. From the following particulars prepare a Bank Reconciliation Statement
and ascertain the balance as per passbook.
by bank for Rs 200 on account of Interest on overdraft and Rs 50 on account
of charges for collecting bills.
drawn but not encashed before December, 31 2005 for Rs 4,000.
bank has collected interest and has credited Rs 600 in passbook.
bill receivable for Rs 700 previously discounted with the bank had been
dishonoured and debited in the passbook.
paid into bank but not collected and credited before December 31, 2005 amounted
the process of preparing bank reconciliation statement with amended
passbook of Mr. Randhir showed an overdraft of Rs 40,950 on March 31, 2005.
bank reconciliation statement on March 31, 2005.
of cheques amounting to Rs 8,000 drawn by Mr. Randhir on March 27, a cheque
for Rs 3,000 was encashed on April 03.
by bank with Rs 3,800 for interest collected by them, but the amount is not
entered in the cash book.
10,900 paid in by Mr. Randhir in cash and by cheques on March, 31 cheques
amounting to Rs 3,800 were collected on April, 07.
Cheque of Rs 780 credited in the passbook on March 28 being dishonoured is
debited again in the passbook on April 01, 2005. There was no entry in the
cash book about the dishonour of the cheque until April 15
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.
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????
solutions of t.s. grewal's financial accounting
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 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:-
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.
help me ques no.25 of brs dk goel book
when favourable balance as per cash book is the starting point wrong debit by the bank to the firm will be:added, subtracted, both, none
bank reconciliation statement of Shri Bhandari as on December
Payment of a cheque for Rs 550 was recorded twice in the passbook.
column of the passbook under cast by Rs 200
of Rs 200 has been debited in the bank column of the Cash Book but it was not
sent to bank at all.
Cheque of Rs 300 debited to Bank column of the passbook was not sent to the
500 in respect of dishonoured cheque were entered in the passbook but not in
the cash book. Overdraft as per passbook is Rs 20,000.
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.
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
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
briefly explain the statement 'wrongly debited by the bank' with the help of an example.
"Interest on investment collected by the bank" should this be written under add or less in the BRS? why?
Who prepares the Bank Reconciliation Statement?
what do you mean by bank reconciliation statement?
IS CASH BOOK SUBSIDRY OR PRINCIPAL 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
& 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 of December 31, 2005 according to the cash book of the firm.
paid into bank prior to December 31, 2005, but not credited for Rs 10,000.
of funds from account No. II to account no. I recorded by the bank on
December 31, 2005 but entered in the cash book after that date for Rs 8,000.
issued prior to December 31, 2005 but not presented until after that date for
charges debited by bank not entered in the cash book for Rs 200.
Debited by the bank not entered in the cash book Rs 580.
Overdraft as per Passbook Rs
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.
Prepare BRS for the following:
i) Debit balance as per cah book- XXX
ii) A cash discount allowed of Rs. 112 was recorded as Rs. 121 in the bank column.
(And please explain me how it happened.)
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 dabit balance as per of cash book of ramesh was 7500 .the following difference were found out on 31.3.2011.by totaling it with pass book
the cheaque for 1000 was sent to bank for the collection on 25 march but the cheaque of 250 were collected on 3rd april 2011.
A cheaque was given to sohan of 500 but it was not persented for payment .
The dividend of 500 was collected by the bank but it was not recorded in cash book .
rs 100 was debited as intrest by the bank and a customer deposited 500 in the bank directly .preare BRS .
what will be the entry of "A discounted bill of exchange dishonoured rs.2000" in BRS..given-PASSBOOK HAVE DEBIT BALANCE....
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.
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