Question
11:
Bank Statement of a customer shows bank balance of `62,000 on 31st March, 2024. On comparing
it with the Cash Book the following discrepancies were noted:
(i) Cheques were paid into
the bank in March but were credited in April:
P
− `3,500; Q − `2,500; R − `2,000.
(ii) Cheques issued in March, 2024 were presented in
April, 2024:
X −
`4,000; Q − `4,500.
(iii) Cheque for `1,000
received from a customer entered in the Cash Book but was not banked.
(iv) Pass Book shows a debit of `1,000 for bank charges
and credit of `2,000
as interest.
(v) Interest on investment `2,500
collected by the bank appeared in the Pass Book.
Prepare Bank Reconciliation Statement showing the balance as per Cash Book on
31st March, 2024.
Answer:
|
Bank Reconciliation Statement as on March 31, 2024 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
|
Balance as per the Pass Book |
62,000 |
|
|
(i) |
Cheque deposited but not credited not credited in the Pass book during March 2017 (3,500 + 2,500 + 2,000) |
8,000 |
|
|
(ii) |
Cheques Issued but not presented in March 2017 (4,000 + 4,500) |
|
8,500 |
|
(iii) |
Cheque received from Customer was recorded in Cash Book but not sent to Bank |
1,000 |
|
|
(iv) |
Bank Charges |
1,000 |
|
|
|
Bank allowed interest |
|
2,000 |
|
(v) |
Interest on Investment Collected by bank but not entered in the Cash Book |
|
2,500 |
|
|
Balance as per the Cash Book |
|
59,000 |
|
|
|
72,000 |
72,000 |
|
|
|
|
|
Question 12:
Prepare Bank Reconciliation Statement as on 30th September, 2023 from the following particulars:
|
|
` |
|
(i) Bank Balance as per Pass Book. |
10,000 |
|
(ii)
Cheque deposited into bank but no entry was passed
in Cash Book. |
500 |
|
(iii)
Cheque received and entered in Cash Book but not
sent to bank. |
1,200 |
|
(iv)
Insurance premium paid directly by the bank. |
800 |
|
(v)
Bank charges entered twice in the Cash Book. |
20 |
|
(vi)
Cheque received entered twice in Cash Book. |
1,000 |
|
(vii)
Cheque dishonoured not
recorded in the cash book. |
5,000 |
Answer:
|
Bank Reconciliation Statement as on September 30, 2023 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(i) |
Balance as per the Pass Book |
10,000 |
|
|
(ii) |
Cheque deposited but not entered in the Cash Book |
|
500 |
|
(iii) |
Cheque entered in the Cash Book but not sent to bank |
1,200 |
|
|
(iv) |
Insurance premium paid directly by bank |
800 |
|
|
(v) |
Bank Charges entered twice in the Cash Book |
|
20 |
|
(vi) |
Cheque received entered twice in the Cash Book |
1,000 |
|
|
(vii) |
Cheque dishonoured not entered in the Cash Book |
5,000 |
|
|
|
Balance as per the Cash Book |
|
17,480 |
|
|
|
18,000 |
18,000 |
|
|
|
|
|
Question 13:
Prepare Bank Reconciliation Statement as on 31st March, 2024 from the following particulars
|
|
` |
|
|
(i) |
Bank
balance as per Pass Book. |
10,000 |
|
(ii) |
Cheque deposited into the Bank, but no entry was passed in the
Cash Book. |
500 |
|
(iii) |
Cheque received and entered in the Cash Book but not sent to
bank. |
1,200 |
|
(iv) |
Credit
side of the Cash Book bank column cast short. |
200 |
|
(v) |
Insurance
premium paid directly by the bank under the standing advice. |
600 |
|
(vi) |
Bank
charges entered twice in the Cash Book. |
20 |
|
(vii) |
Cheque issued but not presented to the bank for payment. |
500 |
|
(viii) |
Cheque received entered twice in the Cash Book. |
1,000 |
|
(ix) |
Bank
had wrongly allowed interest of `5,000, which was reversed by it on 5th April, 2024. |
|
Answer:
|
Bank Reconciliation Statement as on March 31, 2024 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(i) |
Balance as per the Pass Book |
10,000 |
|
|
(ii) |
Cheque deposited but not entered in the Cash book |
|
500 |
|
(iii) |
Cheque entered in the Cash Book but not deposited in the bank |
1,200 |
|
|
(iv) |
Credit side of the Cash Book undercast |
200 |
|
|
(v) |
Insurance premium paid directly by the bank but not entered in the Cash Book |
600 |
|
|
(vi) |
Bank charges entered twice in the Cash book |
|
20 |
|
(vii) |
Cheque issued but not presented for payment |
|
500 |
|
(viii) |
Cheque received entered twice in the Cash Book |
1,000 |
|
|
(ix) |
Interest
allowed by the bank to be reversed |
|
5,000 |
|
|
Balance as per the Cash Book |
|
6,980 |
|
|
|
13,000 |
13,000 |
|
|
|
|
|
Question 14:
A Bank Reconciliation Statement is prepared as on 31st March, 2024 starting with credit balance as per Bank Pass 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 allowed interest and credited the account by `5,000:
(ii) A cheque of `10,000 deposited by a customer in the bank was not recorded in Cash Book.
(iii) Bank Charges charged by the bank `1,000.
(iv) Cheques of `25,000 issued not recorded in the Cash Book were paid and debited to the account by the bank.
(v) Receipts Side of the Cash Book was overcast by `2,000.
(vi) Payments Side of the Cash Book was undercast by `5,000.
Answer:
Following
transitions will be added:
Transaction no. 3, 4, 5, 6.
Reason:
Above all transactions are decreasing only pass book, Transaction no. 3, 4, 5, 6 are to be added to balance of pass book to increase to the balance of cash book.
Following
transitions will be deducted:
Transaction no. 1, 2.
Reason:
Above all transactions are increasing only pass book, Transaction no. 1, 2 are to be deducted to balance of pass book to increase to the balance of cash book.
Question 15:
On 1st January, 2024, Naresh had an overdraft of `40,000
as shown by his Cash Book in the bank column. Cheques
amounting to `10,000
had been deposited by him but were not collected by the bank by 1st January, 2024.
He issued cheques of `7,000
which were not presented to the bank for payment up to that day. There was also
a debit in his Pass Book of `600
for interest and `500
for bank charges.
Prepare a Bank Reconciliation Statement.
Answer:
|
Bank Reconciliation Statement as on January 01,2024 |
||
|
Particulars |
Plus Items (`) |
Minus Items (`) |
|
Overdraft as per the Cash Book |
|
40,000 |
|
Cheques deposited but not Cleared |
|
10,000 |
|
Cheques Issued but not presented for payment |
7,000 |
|
|
Bank Charged Interest |
|
600 |
|
Bank Charges |
|
500 |
|
Overdraft as per the Pass Book |
44,100 |
|
|
|
51,100 |
51,100 |
|
|
|
|
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Ts Grewal Solution 2024-2025
Class 11th
Chapter 13 – Bank Reconciliation Statement