Page No
13.50:
Question
21:
On 31st March, 2021, Pass Book of Shri Bhama
Shah shows debit balance of `10,000. From the following particulars, prepare Bank Reconciliation
Statement.
(i) Cheques amounting to `8,000
drawn on 25th March of which cheques of `5,000
cashed in April, 2021.
(ii) Cheques paid into bank for collection of `5,000
but cheques of `2,200 could only be
collected in March 2021.
(iii) Bank charges `25 and dividend of `350 on investment 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 31,2021 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
|
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
13.51:
Question
22:
On checking the Bank Pass Book it was found that it showed
an overdraft of `5,220 as on 31st March, 2021, 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, 2021 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
|
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
13.51:
Question
23:
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 deposited for `5,500 but cheques of `500 were collected on 10th April, 2021.
(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 31,2021 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
|
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
13.51:
Question
24:
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, 2021:
(i) Bank Pass Book showed an overdraft of `16,500
on 31st October.
(ii) Interest of `1,250 on overdraft
up to 31st October, 2018 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, 2021 but not presented till that date, amounted to `11,500.
(v) Cheques paid into bank before 31st October, but
not collected and credited up to that date, were for `2,500.
(vi) Interest on investment collected by the bankers
and credited in the Bank Pass Book amounted to `1,800.
Answer:
|
Bank Reconciliation Statement as on October 31,2021 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(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 |
|
|
|
|
|