Question
13:
Bank Statement of a customer shows bank
balance of `62,000 on 31st March, 2025. 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, 2025 were presented in
April, 2025:
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, 2025.
Answer:
|
Bank Reconciliation Statement as on March 31, 2025 |
|||
|
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
14:
Prepare Bank Reconciliation Statement as on
30th September, 2024 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, 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 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
15:
Prepare
Bank Reconciliation Statement as on 31st March, 2025 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, 2025. |
|
Answer:
|
Bank Reconciliation Statement as on March 31, 2025 |
|||
|
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 16:
A Bank
Reconciliation Statement is prepared as on 31st March, 2025 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 `5,000.
(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.
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Ts Grewal Solution 2025-2026
Class 11th