Double
Entry Book Keeping
Ts Grewal 2024 for Class 11 Commerce Accountancy
Chapter 13- Bank
Reconciliation Statement
Question 1:
Prepare Bank Reconciliation Statement from the following:
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|
` |
|
(i) Debit balance as per the Cash Book. |
30,000 |
|
(ii)
Cheques deposited but not cleared. |
2,000 |
|
(iii)
Cheques issued but not presented. |
3,000 |
|
(iv)
Bank interest. |
400 |
Answer:
|
Bank Reconciliation Statement |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(i) |
Debit balance as per the Cash Book |
30,000 |
|
|
(ii) |
Cheques deposited but not cleared |
|
2,000 |
|
(iii) |
Cheques issued but not presented |
3,000 |
|
|
(iv) |
Bank Interest |
400 |
|
|
|
Credit Balance as per the Pass Book |
|
31,400 |
|
|
|
33,400 |
33,400 |
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|
|
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Question 2:
Ramesh has his account at Punjab National Bank, Delhi. According to his Cash Book, his bank balance on 31st March, 2024 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 31,2024 |
|||
|
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 |
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|
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Question 3:
On 31st
December, 2023, bank column of the Cash Book of Gurman
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 bank.
(ii) The
receipts column of the Cash Book undercast by `200.
(iii) On 29th
December, 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 January, 2024.
(v) Pass Book
shows a credit of `330 as interest and a debit of `60 as bank charges.
(vi) The bank had wrongly debited the
account of Gurman by `2,000, which was rectified after 31st December, 2023.
Prepare Bank
Reconciliation Statement as on 31st December, 2023.
Answer:
|
Bank Reconciliation Statement as on June 30, 2024 |
|||
|
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 |
|
(vi) |
Bank had wrongly debited |
2,000 |
|
|
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Balance as per the Pass Book |
|
14,170 |
|
|
|
17,730 |
17,730 |
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||
Question 4:
Cash Book shows a balance of `12,500. On comparing the Cash Book with the Pass Book, following discrepancies were noted:
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|
|
` |
|
(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 |
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|
|
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Question 5:
From the following
particulars, prepare Bank Reconciliation Statement as on 31st December, 2023:
(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 post-dated cheque of `1,000
debited in the bank column of the cash book but not sent to bank.
(iv) Acheque 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.
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) |
A post-dated cheque, not sent to bank. |
1,000 |
|
|
(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 |
|
8,285 |
|
|
|
11,520 |
10,520 |
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Ts Grewal Solution 2024-2025
Class 11th
Chapter 13 – Bank Reconciliation Statement