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 31st
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 |
|
|
|
|
Class : 11th | Ts Grewal solution 2022-2023
Chapter 13: Bank Reconciliation Statement
Click below for More solutions