11th | Ts grewal 2022-2023 | Question No. 6 to 10 | chapter:13

Question: 6

Prepare a Bank Reconciliation Statement as on 31st March, 2022 from the following:
(i) On 31st March, 2022, Cash Book of a firm showed bank balance of `36,000 (Dr.).
(ii) Cheques had been issued for `30,000, out of which cheques of `24,000 were presented for payment.
(iii) Cheques of `8,400 were deposited in the bank on 28th March, 2022 but had not been credited by the bank. Also, a cheque of `3,000 entered in the Cash Book on 30th March, 2022 was banked on 3rd April.
(iv) A cheque from Suresh for `2,400 was deposited in the bank on 26th March, 2022 was dishonoured, advice was received on 2nd April.
(v) Pass Book showed bank charges of `120 debited by the bank.
(vi) One of the Debtors deposited `3,000 in the bank account of the firm on 26th March, 2022, but the intimation in this respect was received from the bank on 2nd April.

Answer:

Bank Reconciliation Statement
as at 31^st March, 2022
S.No.	Particulars	Plus Items (`)	Minus Items (`)
(i)	Favourable Balance as per Cash Book	36,000
(ii)	Cheques issued but not presented for payment (30,000 – 24,000)	6,000
(iii)	Cheques deposited but not yet credited by bank (8,400 + 3,000)		11,400
(iv)	Cheque received from Suresh dishonoured		2,400
(v)	Bank Charges debited by the bank		120
(vi)	Cheque deposited directly into the bank by debtors	3,000
	Balance as per Pass Book (Cr.) (45,000 – 13,920)		31,080
		45,000	45,000

Question 7:

On examining the Bank Statement of Green Ltd., it is found that the balance shown on 31st March, 2022, differs from the bank balance of `23,650 shown by the Cash Book on that date. From a detailed comparison of the entries it is found that:
(i) `2,860 is entered in the Cash Book as paid into the bank on 31st March, 2022 but not credited by the bank until the following day.
(ii) Bank charges of `70 on 31st March, 2022 are not entered in the Cash Book.
(iii) A bill for `5,500 discounted with the bank is entered in the Cash Book without recording the discount charges of `270.
(iv) Cheques totalling `16,720 were issued by the company and duly recorded in the Cash Book before 31st March, 2022 but had not been presented at the Bank for payment until after that date.
(v) On 25th March, 2022, a debtor paid `1,000 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.
(vi) No entry has been made in the Cash Book to record the dishonour on 15th March, 2022, of a cheque for `550 received from Ram Babu.
Prepare a Bank Reconciliation Statement as on 31st March, 2022.

Answer:

Bank Reconciliation Statement as on March 31, 2022
S. No.	Particulars	Plus Items (`)	Minus Items (`)
	Balance as per the Cash Book	23,650
(i)	Cash deposited into bank but not entered in the Pass book		2,860
(ii)	Bank Charges not entered the Cash Book		70
(iii)	Bank Charges for discounting bill not recorded in the Cash Book		270
(iv)	Cheques issued but not presented for payment	16,720
(v)	Amount directly deposited by the debtor	1,000
(vi)	Cheque received from Ram Babu was dishonoured and not recorded in Cash Book		550
	Balance as per the Pass Book		37,620
		41,370	41,370

Question 8:

A Bank Reconciliation Statement is prepared as on 31st March, 2022 starting with debit balance as per Cash Book. State whether the following transactions will be shown in the Bank Reconciliation Statement by adding or deducting these from the given balance giving reason:

(i) Bank had wrongly debited the account by ` 25,000 on 1st March, 2022 and reversed on 3rd April, 2022.

(ii) Receipts Side of the Cash Book was overcast by ` 100.

(iii) Payments Side of the Cash Book was overcast by ` 1,000.

(iv) Receipts Side of the Cash Book was undercast by ` 1,000.

(v) Payments Side of the Cash Book was undercast by ` 10,000.

(vi) Cheque for ` 10,000 issued but was not recorded in the Cash Book.

(vii) Bill of Exchange of ` 5,000 was deposited for collection which was not recorded in the Cash Book. Bank had collected the bill and had credited the account.

Answer:

Following transitions will be added:

Transaction no. 3, 4, 7.

Reason:

Above all transactions are decreasing only cash book, Transaction no. 3, 4, 7 are to be added to increase to the balance of pass book.

Following transitions will be deducted:

Transaction no. 1, 2, 5, 6.

Reason:

Above all transactions are Increasing only cash book, Transaction no. 1, 2, 5, 6 are to be deducted to decrease to the balance of pass book.

Question 9:

Prepare Bank Reconciliation Statement from the following particulars on 31st July, 2022:
(i) Balance as per the Pass Book `50,000.
(ii) Three cheques for `6,000, `3,937 and `1,525 issued in last week of July, 2022 were presented for payment to the bank in August, 2022.
(iii) Two cheques of `500 and `650 sent to the bank for collection were not entered in the Pass Book by 31st July, 2022.
(iv) The bank charged `460 for its commission and allowed interest of `100 which were not mentioned in the Bank Column of the Cash Book.

Answer:

Bank Reconciliation Statement as on July 31, 2022
S. No.	Particulars	Plus Items (`)	Minus Items (`)
(i)	Balance as per the Pass Book	50,000
(ii)	Three Cheques of `6,000, `3,937, `1,525 were issued but not presented for payment in July, 2015		11,462
(iii)	Cheques sent to bank for collection but not entered in the Pass Book	1,150
(iv)	Bank charges not entered in the Cash Book	460
(v)	Bank allowed interest		100
	Balance as per the Cash Book		40,048
		51,610	51,610

Question 10:

Draw Bank Reconciliation Statement showing adjustment between your Cash Book and Pass Book as on 31st March, 2011.
(i) On 31st March, 2011 your pass book showed a balance of `6,000 to your credit.
(ii) Before that date, you had issued cheques amounting to `1,500 of which cheques of `900 have been presented for payment.
(iii) A cheque of `800 paid by you into the bank on 29th March, 2011 is not yet credited in pass book.
(iv) There was a credit of `85 for interest on Current Account in the pass book.
(v) On 31st March, 2011 a cheque for `510 received by you and was paid into bank but the same was omitted to be entered in cash book.

Answer:

Bank Reconciliation Statement as on March 31,2011
S. No.	Particulars	Plus Items (`)	Minus Items (`)
(i)	Balance as per the Pass Book	6,000
(ii)	Cheque Issued but not presented for payment (1,500 – 900)		600
(iii)	Cheque deposited but not entered in the Pass Book	800
(iv)	Bank allowed Interest		85
(v)	Cheque deposited but not entered in the Cash Book		510
	Balance as per the Cash Book		5,605
		6,800	6,800