Question 21:
From the
following particulars, ascertain the Pass Book balance of Ms Deepak & Co.
as on 31st March, 2024:
(i) Bank overdraft as per Cash Book on 31st March, 2024 `63,400.
(ii) Interest
on overdraft for 6 months ending 31st March, 2024, `1,600 is entered in the Pass Book.
(iii) Bank
charges of `300 for the above period are debited in the Pass Book.
(iv) Cheques issued but not presented for payment before 31st March, 2024 amounted to
`11,680.
(v) Cheques deposited into bank but not cleared before 31st
March, 2024 were for `21,700.
(vi) Interest on Investments collected by the
bank is credited in the Pass Book `12,000.
Answer:
|
Bank
Reconciliation Statement as on March 31, 2024 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(i) |
Overdraft as per the Pass Book |
63,400 |
|
|
(ii) |
Interest on overdraft |
1,600 |
|
|
(iii) |
Bank charges |
300 |
|
|
(iv) |
Cheques issued but not presented |
11,680 |
|
|
(v) |
Cheques deposited into bank but not cleared |
21,700 |
|
|
(vi) |
Interest on Investments collected by the bank |
12,000 |
|
|
|
Balance as per Pass Book (Overdraft) |
63,320 |
|
|
|
87,000 |
87,000 |
|
|
|
|
|
|
Question 22:
From the following information, prepare Bank Reconciliation Statement as on 31st March, 2024:
|
|
|
` |
|
(i) |
Bank
overdraft as per Pass Book. |
36,000 |
|
(ii) |
Cheques issued but not presented for payment. |
19,700 |
|
(iii) |
Cheques deposited with bank but not collected. |
25,000 |
|
(iv) |
Cheques entered in Cash Book but not banked. |
9,000 |
|
(v) |
Directly
deposited to bank by a customer. |
11,000 |
Answer:
|
Bank Reconciliation Statement as on March 31, 2024 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(i) |
Overdraft as per the Pass Book |
|
36,000 |
|
(ii) |
Cheques issued but not presented for payment |
|
19,700 |
|
(iii) |
Cheques deposited with bank but not collected |
25,000 |
|
|
(iv) |
Cheques entered in the Cash book but not deposited in bank |
9,000 |
|
|
(v) |
Amount directly deposited by Customer |
|
11,000 |
|
|
Overdraft as per the Cash Book |
32,700 |
|
|
|
|
66,700 |
66,700 |
|
|
|
|
|
Question 23:
On 31st March, 2024, Pass Book of Shri Bhama Shah shows debit
balance of `10,000.
From the following particulars, prepare Bank Reconciliation Statement.
(i) Cheques amounting to `8,000 drawn on 25th
March 2024 of which cheques of `5,000 cashed in
April, 2024.
(ii) Cheques paid into bank for collection of `5,000 but cheques of `2,200
could only be collected in March 2024.
(iii) Bank charges `25
and dividend of `350
on investment collected by bank could not be shown in the Cash Book.
(iv) Acheque of `600 debited in the
Cash Book omitted to be banked.
(v) Bank draft `5,000
received from a customer was deposited but was not recorded in the Cash Book.
Answer:
|
Bank Reconciliation Statement as on March 31,2024 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
|
Debit Balance as per the Pass Book |
|
10,000 |
|
(i) |
Cheque issued in March but not presented for payment in April |
|
5,000 |
|
(ii) |
Cheques deposited but not cleared in March |
2,800 |
|
|
(iii) |
Bank Charges not entered in the Cash Book |
25 |
|
|
|
Interest on Investment collected by bank not entered in the Cash Book |
|
350 |
|
(iv) |
Cheque entered in the Cash Book but not deposited in bank |
600 |
|
|
(v) |
Bank draft received, deposited but was not recorded in the Cash Book |
|
5,000 |
|
|
Credit Balance (Overdraft ) as per the Cash Book |
16,925 |
|
|
|
|
20,350 |
20,350 |
|
|
|
|
|
Question 24:
Komal needs help in preparing the Bank
Reconciliation Statement as on 31st May, 2024, based on the following
information reported by his cashier:
(i) Bank balance as per the Bank Statement received is `15,640 (Dr.)
(ii) Of the
total cheques deposited for `60,000 and issued for `40,000, 10% of each were cleared and encashed
in the month of June, 2024, respectively.
(iii) Bank
interest `350 allowed and `840 charged, as reflected in the Pass Book, were both credited in the
Cash Book, in the last week of May.
(iv) A cheque
for `500 was debited twice in the Cash Book.
(v) A direct
deposit into bank of `2,000 by client Lalita, was not recorded in the Cash Book.
Answer:
|
Bank Reconciliation Statement as on March 31,2024 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
|
Debit balance as per the Pass Book |
|
15,640 |
|
(i) |
Cheque deposited in March but not cleared |
6,000 |
|
|
(ii) |
Cheque issued but not presented |
4,000 |
|
|
(iii) |
Bank interest |
700 |
|
|
(iv) |
A cheque was debited twice in the Cash Book |
500 |
|
|
(v) |
A direct deposit into bank by client |
2000 |
|
|
Overdraft as per the Cash Book |
15,840 |
||
|
|
|
22,340 |
22,340 |
|
|
|
|
|
Question 25:
Prepare Bank Reconciliation
Statement from the following particulars as on 31st March, 2024 when Pass Book
shows a debit balance of `2,500:
(i) Cheque issued for `5,000 but up to 31st
March, 2024 only `3,000
could be cleared.
(ii) Cheques deposited for `5,500 but cheques
of `500 were
collected on 10th April, 2024.
(iii) Cheque for `2,000
was dishonored but was not recorded in cash book.
(iv) A cheque of `300 debited in Cash
Book but omitted to be banked.
(v) Interest allowed by bank `400
but no entry was passed in the Cash Book.
Answer:
|
Bank Reconciliation Statement as on March 31,2024 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
|
Debit balance as per the Pass Book |
|
2,500 |
|
(i) |
Cheques issued but not presented in March |
|
2,000 |
|
(ii) |
Cheque deposited in March but cleared in April |
500 |
|
|
(iii) |
Cheque was dishonored but was not recorded in cash book |
2,000 |
|
|
(iv) |
Cheque debited in the Cash book but not deposited into bank |
300 |
|
|
(v) |
Interest allowed by bank but was not entered in the Cash Book |
|
400 |
|
|
Overdraft as per the Cash Book |
2,100 |
|
|
|
|
4,900 |
4,900 |
|
|
|
|
|
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Ts Grewal Solution 2024-2025
Class 11th
Chapter 13 – Bank Reconciliation Statement