Question 26:
On checking the Bank Pass Book it was found that it
showed an overdraft of `5,220 as on 31st March, 2024, while as per
Ledger it was different. The following differences were noted:
(i) Cheques deposited but
not yet credited by the bank `6,000.
(ii) Cheques dishonoured
and debited by the bank but not given effect to it in the Ledger `800.
(iii) Bank charges debited by the bank but Debit Memo not received from the
bank `50.
(iv) Interest on overdraft excess credited in the
Ledger `200.
(v) Wrongly credited by the bank to account, deposit of some other party `900.
(vi) Cheques issued but not
presented for payment `400.
Answer:
|
Bank
Reconciliation Statement as on March 31, 2024 |
|||
|
S.
No. |
Particulars |
Plus
Items (`) |
Minus
Items (`) |
|
|
Overdraft as per the Pass Book |
|
5,220 |
|
(i) |
Cheques
deposited but not cleared |
6,000 |
|
|
(ii) |
Cheques
dishonoured not entered in the Cash Book |
800 |
|
|
(iii) |
Bank Charges |
50 |
|
|
(iv) |
Interest on Overdraft excess
credited in the Cash Book |
|
200 |
|
(v) |
Amount wrongly credited in the
Pass Book |
|
900 |
|
(vi) |
Cheques
issued but not presented for payment |
|
400 |
|
|
Balance as per the Cash Book |
|
130 |
|
|
|
6,850 |
6,850 |
|
|
|
|
|
Question 27:
From the following particulars, you
are required to ascertain the bank balance as would appear in the Cash Book of Ramesh as on 31st October, 2023:
(i) Bank Pass Book showed an overdraft of `16,500 on 31st
October.
(ii) Interest of `1,250
on overdraft up to 31st October, 2023 has been debited in the Bank Pass Book but it
has not been entered in the Cash Book.
(iii) Bank charges debited in the Bank Pass Book amounted to `35.
(iv) Cheques issued prior to
31st October, 2023 but not presented till that date, amounted to `11,500.
(v) Cheques paid into bank before 31st October, but
not collected and credited up to that date, were for `2,500.
(vi) Interest on investment collected by the bankers
and credited in the Bank Pass Book amounted to `1,800.
Answer:
|
Bank Reconciliation Statement as on October 31,2023 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(i) |
Overdraft as per the Pass Book |
|
16,500 |
|
(ii) |
Interest on Overdraft |
1,250 |
|
|
(iii) |
Bank Charges |
35 |
|
|
(iv) |
Cheques issued but not presented for payment |
|
11,500 |
|
(v) |
Cheques deposited but not cleared |
2,500 |
|
|
(vi) |
Interest on Investment was not recorded in the Cash Book |
|
1,800 |
|
|
Overdraft as per the Cash Book |
26,015 |
|
|
|
|
29,800 |
29,800 |
|
|
|
|
|
Question 28:
From the following particulars of Gurpreet, Prepare Bank Reconciliation Statement showing the
balance as per Cash Book on 31st March, 2024:
(i) Balance as per Pass Book on 31st March, 2024
overdrawn `10,000.
(ii) Cheques drawn in the last week of March, 2024
but not cleared till 3rd April, 2024 `20,000.
(iii) Interest on bank overdraft not entered in the Cash Book `1,500.
(iv) Cheques of `20,000
deposited in the bank in March, 2024 but not collected and credited till 3rd
April, 2024.
(v) `100 Insurance Premium paid by the bank under
a standing order has not been entered in the Cash Book.
(iv) A draft of `10,000 favouring Atul & Co. was issued
by the bank charging commission of `200. However, in the Cash Book entry was
passed by `10,000.
Answer:
|
Bank Reconciliation Statement as on March 31,2024 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
|
|||
|
(i) |
Balance as per Pass Book (Dr.) |
10,000 |
|
|
(ii) |
Cheques drawn but not cleared |
20,000 |
|
|
(iii) |
Interest on bank overdraft |
1,500 |
|
|
(iv) |
Cheques deposited but not collected |
20,000 |
|
|
(v) |
Insurance Premium paid by the bank |
100 |
|
|
(vi) |
Bank charging commission, not recorded in cash book |
200 |
|
|
|
Balance as per Cash Book (Cr.) |
8,200 |
|
|
|
30,000 |
30,000 |
|
|
|
|
|
|
Question 29:
Prepare Bank Reconciliation
Statement as on 31st March, 2024 from the following particulars:
(i) Raj's overdraft as per Pass Book `12,000 as on 31st March 2024.
(ii) On 30th March, cheques had been issued for `70,000 of which cheques amounting to `3,000
only had been encashed up to 31st March 2024.
(iii) Cheques amounting to `3,500 had been paid into the bank for
collection but of these only `500
had been credited in the Pass Book.
(iv) Bank has charged `500
as interest on overdraft and the intimation of which has been received on 2nd
April, 2024.
(v) Bank Pass Book shows credit for `1,000
representing `400
paid by debtor of Raj
direct into the bank and `600
collected directly by the bank in respect of interest on Raj's
investment. Raj
had no knowledge of these items.
(vi) Acheque for `200 has been debited
in the bank column of Cash Book by Raj but it was not sent to the bank at
all.
Answer:
|
Bank Reconciliation Statement as on March 31, 2024 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(i) |
Overdraft as per the Pass Book |
|
12,000 |
|
(ii) |
Cheques issued but not presented for payment |
|
67,000 |
|
(iii) |
Cheques deposited but not collected |
3,000 |
|
|
(iv) |
Bank Charged Interest on Overdraft |
500 |
|
|
(v) |
Amount directly paid by a debtor |
|
400 |
|
|
Interest received on Investment |
|
600 |
|
(vi) |
A Cheque entered in the Cash book but not sent to bank for collection |
200 |
|
|
|
Overdraft as per the Cash Book |
76,300 |
|
|
|
|
80,000 |
80,000 |
|
|
|
|
|
Question 30:
From the following information supplied by Sanjay, prepare his Bank Reconciliation Statement as on 31st March, 2024:
|
|
|
` |
|
(i) |
Bank
overdraft as per Pass Book. |
16,500 |
|
(ii) |
Cheques issued but not presented for payment. |
8,750 |
|
(iii) |
Cheques deposited with the Bank but not collected. |
10,500 |
|
(iv) |
Cheques recorded in the Cash Book but not sent to the bank for
collection. |
2,000 |
|
(v) |
Payments
received from customers directly by the bank. |
3,500 |
|
(vi) |
Bank
charges debited in the Pass Book. |
200 |
|
(vii) |
Premium
on life policy of Sanjay paid by the bank on standing advice. |
1,980 |
|
(viii) |
Bank
had debited 3,100 for payment of electricity bill. It was not recorded in
cash book. |
Answer:
|
Bank Reconciliation Statement as on March 31, 2024 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(i) |
Overdraft as per the Pass Book |
|
16,500 |
|
(ii) |
Cheques issued but not presented for payment |
|
8,750 |
|
(iii) |
Cheques deposited but not collected |
10,500 |
|
|
(iv) |
Cheques entered in the Cash Book but not sent to bank for collection |
2,000 |
|
|
(v) |
Amount directly deposited into bank by customer |
|
3,500 |
|
(vi) |
Bank Charges |
200 |
|
|
(vii) |
Insurance Premium paid by bank not recorded in the Cash Book |
1,980 |
|
|
(viii) |
Payment of electricity bill. It was not recorded in cash book. |
3,100 |
|
|
|
Overdraft as per the Cash Book |
10,970 |
|
|
|
|
28,750 |
28,750 |
|
|
|
|
|
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Ts Grewal Solution 2024-2025
Class 11th
Chapter 13 – Bank Reconciliation Statement