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