Page No
13.49:
Question 17:
Overdraft balance shown by the bank column
in the Cash Book of Vivek is `45,000.
Prepare Bank Reconciliation Statement as on
31st December, 2017:
(i) A Bill
Receivable for `5,000 previously discounted with the bank had been dishonoured and debited in the Pass Book.
(ii) Interest on investment collected by
the bank and credited in the Pass Book `1,500.
(iii) Cheques
deposited into bank but not yet collected ` 7,500.
(iv) Interest charged by the bank on overdraft balance `1,850.
(v) Cheques
issued but not yet presented for payment `11,350.
(vi) Received a payment directly from a customer into bank account `12,500.
(vii) Cheques
recorded in the Cash Book but not sent to the bank for collection was `17,500
(viii) Bank charges debited as per Pass
Book `500.
Answer:
Particulars
|
Detail
|
`
|
Credit
balance as per Cash book
|
|
45,000
|
Add:
|
|
|
A Bill Receivable discounted, dishonoured
and debited in the Pass Book
|
5,000
|
|
Cheques deposited
into bank but not yet collected
|
7,500
|
|
Interest charged by the bank on overdraft balance
|
1,850
|
|
Cheques recorded in
the Cash Book but not sent to the bank for collection
|
17,500
|
|
Bank charges debited as per Pass Book
|
500
|
32,350
|
|
|
|
77,350
|
Less:
|
|
|
Interest on investment collected by the bank
|
1,500
|
|
Cheques issued but
not yet presented for payment
|
11,350
|
|
Customer directly recorded into bank account
|
12,500
|
25,350
|
Overdraft balance as per pass book (Dr.)
|
|
52,000
|
|
|
|
|
Page No
13.50:
Question
18:
From the following particulars of a trader, prepare a Bank Reconcilation Statement as on 31st March, 2021.
(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, 2021.
Answer:
|
Bank Reconciliation Statement as on March 31,2021 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(i) |
Overdraft as per
the Cash Book |
|
52,100 |
|
(ii) |
Cheques of `94,400 deposited
in March but cheques of `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
13.50:
Question
19:
From the following information, prepare Bank Reconciliation
Statement as on 31st March, 2021:
|
|
|
` |
|
(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, 2021 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(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
13.50:
Question
20:
Prepare Bank Reconciliation Statement from the following
particulars as on 31st March, 2021, when Pass Book shows a debit balance of `2,500:
(i) Cheque issued for `5,000
but up to 31st March, 2021 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 2021.
(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 31,2021 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
|
Overdraft as per
the Pass Book |
|
2,500 |
|
(i) |
Cheques issued for `5,000
but cheques of `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 |
|
|
|
|
|