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11th | Bank Reconciliation Statement | Question No. 1 To 5 | Ts Grewal Solution 2022-2023

Question 1:


Prepare Bank Reconciliation Statement from the following:

 

  `

(i) Debit balance as per the Cash Book.

15,000

(ii) Cheques deposited but not cleared.

1,000

(iii) Cheques issued but not presented.

1,500

(iv) Bank interest.

200


Answer:


Bank Reconciliation Statement

S. No.

Particulars

Plus Items (`)

Minus Items

(`)

(i)

Debit balance as per the Cash Book

15,000

 

(ii)

Cheques deposited but not cleared

 

1,000

(iii)

Cheques issued but not presented

1,500

 

(iv)

Bank Interest

200

 

 

Credit Balance as per the Pass Book

 

15,700

 

 

16,700

16,700

 

 

 

 


Question 2:


Ramesh has his account at Punjab National Bank, Delhi. According to his Cash Book, his bank balance on 31st March, 2022 was `72,950. He sent cheques for `90,075 to his bank for collection but cheques amounted to `43,769 were not collected by that date. Out of the cheques issued by him in payment of his debts, cheques for `29,344 were not presented for payment. Prepare Bank Reconciliation Statement.


Answer:


Bank Reconciliation Statement

as on March 31,2022

S. No.

Particulars

Plus Items

(`)

Minus Items

(`)

 

Balance as per the Cash Book

72,950

 

(i)

Cheques sent to bank but not yet cleared

 

43,769

(ii)

Cheques issued but not yet presented for payment

29,344

 

 

Balance as per the Pass Book

 

58,525

 

 

1,02,294

1,02,294

 

 

 

 

 


Question 3:


On 30th June, 2022, bank column of the Cash Book showed balance of `12,000 but the Pass Book showed a different balance due to the following reasons:
(i) Cheques paid into the bank `8,000 but out of these only cheques of `6,500 credited by bankers.
(ii) The receipts column of the Cash Book undercast by `200.
(iii) On 29th June, a customer deposited `3,000 directly in the Bank Account but it was entered in the Pass Book only.
(iv) Cheques of `9,200 were issued of which `2,200 were presented for payment on 15th July.
(v) Pass Book shows a credit of `330 as interest and a debit of `60 as bank charges.

Prepare Bank Reconciliation Statement as on 30th June, 2022.


Answer:


Bank Reconciliation Statement

as on June 30, 2022

S. No.

Particulars

Plus Items

(`)

Minus Items

(`)

 

Balance as per the Cash Book

12,000

 

(i)

Cheques paid in to bank but not cleared

 

1,500

(ii)

Receipt side of Cash Book undercast

200

 

(iii)

Amount directly deposited by customer

3,000

 

(iv)

Cheque issued in June but presented in July

2,200

 

(v)

Bank allowed Interest 

330

 

 

Bank Charges

 

60

 

Balance as per the Pass Book

 

16,170

 

 

17,730

17,730

 

 


Question 4:


Cash Book shows a balance of `12,500. On comparing the Cash Book with the Pass Book, following discrepancies were noted:

 

 

`

(i)

Cheques issued but not yet presented for payment.

6,000

(ii)

Cheques deposited in the bank but not collected.

9,000

(iii)

Bank paid insurance premium.

5,000

(iv)

Bank charges.

300

(v)

Directly deposited by a customer.

8,000

(vi)

Interest on investment collected by bank.

2,000

(vii)

Cash discount allowed of `200 was recorded on the debit side of the Bank column.

 


Prepare Bank Reconciliation Statement.


Answer:


Bank Reconciliation Statement 

S. No.

Particulars

Plus Items

(`)

Minus Items

(`)

 

Balance as per the Cash Book

12,500

 

(i)

Cheques Issued but not yet presented for payment

6,000

 

(ii)

Cheques deposited into bank but not collected

 

9,000

(iii)

Bank paid Insurance Premium

 

5,000

(iv)

Bank Charges

 

300

(v)

Amount directly deposited by a customer

8,000

 

(vi)

Interest on Investment Collected by bank

2,000

 

(vii)

Cash discount debited to bank column

 

200

 

Balance as per the Pass Book

 

14,000

 

 

28,500

28,500

 

 

 

 


Question 5:


From the following particulars, prepare Bank Reconciliation Statement as on 31st December, 2008:
(i) Debit balance as per Cash Book `10,000.
(ii) A cheque for `500 issued in favour of Karan has not been presented for payment.
(iii) A bill for `700 retired by bank under a rebate of `20, the full amount of the bill was credited in the Cash Book.
(iv) A cheque for `295 deposited in the bank has been dishonoured.
(v) A sum of `800 deposited in the bank has been credited as `80 in the Pass Book.
(vi) Payments side of the Cash Book has been undercast by `200.
(vii) A bill receivable for `1,000 (discounted with the bank in November 2008) dishonoured on 31st December, 2008.


Answer:


Bank Reconciliation Statement 

as on December 31, 2008

S. No.

Particulars

Plus Items

(`)

Minus Items

(`)

(i)

Balance as per the Cash Book

10,000

 

(ii)

A cheque for `500 issued to Karan was not presented for payment

500

 

(iii)

Rebate of retiring bill was not recorded

20

 

(iv)

Cheque deposited and dishonoured

 

295

(v)

A sum of `800 deposited in bank recorded wrongly as `80 in the pass book

 

720

(vi)

Payment side of the Cash book undercast

 

200

(vii)

Dishonour of  bill has not been recorded in the Cash book

 

1,000

 

Balance as per the Pass Book

 

8,305

 

 

10,520

10,520

 

 

 

 

 

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Ts Grewal Solution 2022-2023

Class 11th

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