Question
21:
On 31st March, 2025, Cash Book of a merchant
showed bank overdraft of `1,72,985. On comparing the Cash Book with Bank
Statement, following discrepancies were noted:
(i) Cheques issued for `60,000 were not presented in the bank till 7th April,
2025.
(ii) Cheques amounting to `75,000
were deposited in the bank but were not collected.
(iii) A Cheque of `15,000 received from Mahesh Chand and deposited in the
bank was dishonoured but the non-payment advice was not received from the bank
till 1st April, 2025.
(iv) `1,50,000 entered in the Pass Book for cheque realised
but not in the Cash Book.
(v) Bank charges `1,500 and interest on overdraft `8,500 appeared in the Pass Book but not in the Cash
Book.
(vi) Overdraft balance as per Cash Book of `500
on 28th February, 2025 was wrongly carried forward as debit balance. The error
was noted at the time of preparing the Bank Reconciliation Statement as on 31st
March, 2025.
Prepare Bank Reconciliation Statement.
Answer:
|
Bank Reconciliation Statement as on March 31, 2025 |
|||
|
S. No |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
|
Overdraft
as per the Cash Book |
|
1,72,985 |
|
(i) |
Cheques
issued but not presented for payment |
60,000 |
|
|
(ii) |
Cheques
deposited but not collected |
|
75,000 |
|
(iii) |
Cheque
deposited but dishonoured |
|
15,000 |
|
(iv) |
A
cheque realised but not entered in the Cash Book |
1,50,000 |
|
|
(v)a |
Bank
Charges |
|
1,500 |
|
(v)b |
Bank
Interest on overdraft |
|
8,500 |
|
(vi) |
Overdraft balance wrongly taken as debit balance (Note) |
|
1,000 |
|
|
Overdraft
as per the Pass Book |
63,985 |
|
|
|
|
2,73,985 |
2,73,985 |
|
|
|
|
|
Note: Overdraft
balance has credit balance but taken as debit balance, so to correct the error
credit cash book by double amount.
Therefore, 1,000 should be shown in the minus side.
Question
22:
Prepare Bank Reconciliation Statement from
the following:
On 31st March, 2025, a merchant's Cash Book showed a credit bank balance of `10,500 but due to the following reasons the Pass Book
showed a difference:
(i) A cheque of `540 issued to Mohan has not been presented for
payment.
(ii) A post-dated cheque for `100 has
been debited in the bank column of the Cash Book but under no circumstances was
it possible to present it.
(iii) Four cheque of `1,200 sent to the bank have not been collected so far.
A cheque of `400 deposited in the bank has been dishonoured.
(iv) As per instructions, the bank paid `50
as Fire Insurance premium but the entry has not been made in the Cash Book.
(v) There was a debit in the Pass Book of `15
in respect of bank charges and a credit of `25
for interest on Current Account but no record exists in the Cash Book.
(vi) Cheque of `5,000 dated 15th April, 2025 issued to M & Co. was
dishonored being post dated. It was also not recorded in the books of account
yet.
Answer:
|
Bank Reconciliation Statement as on March 31,2025 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
|
Credit
bank balance as per the Cash Book |
|
10,500 |
|
(i) |
Cheque
issued but not presented for payment |
540 |
|
|
(ii) |
Post-dated
Cheque entered in the Cash Book but not deposited in the Bank |
|
100 |
|
(iii) |
Cheque
deposited but not cleared |
|
1,200 |
|
|
Chequedishonoured |
|
400 |
|
(iv) |
Insurance
premium paid by bank was not entered in the Cash Book |
|
50 |
|
(v) |
Bank
Charges |
|
15 |
|
|
Bank
allowed Interest |
25 |
|
|
|
Overdraft
as per the Pass Book |
11,700 |
|
|
|
|
12,265 |
12,265 |
|
|
|
|
|
Note: Cheque
dated 15th April, 2025 issued to M & Co. dishonoured will have no impact as
this statement is as on 31st March 2025.
Question 23:
Overdraft
balance shown by the bank column in the Cash Book of Vivek is `45,000.
Prepare Bank
Reconciliation Statement as on 31st December, 2017:
(i) A post-dated cheque of `5,000 previously discounted with the bank had
been dishonoured and debited in the Pass Book.
(ii)
Interest on investment collected by the bank and credited in the Pass Book `
1,500.
(iii)
Cheques deposited into bank but not yet collected `
7,500.
(iv)
Interest charged by the bank on overdraft balance `
1,850.
(v) Cheques
issued but not yet presented for payment ` 11,350.
(vi)
Received a payment directly from a customer into bank account `
12,500.
(vii)
Cheques recorded in the Cash Book but not sent to the bank for collection was `17,500.
(viii) Bank
charges debited as per Pass Book `500.
(Delhi)
Answer:
|
Bank Reconciliation Statement as on March 31, 2017 |
|||
|
S. No. |
Particulars |
Amount detail |
Amount (`) |
|
Credit
balance as par cash book (Overdraft) |
|
45,000 |
|
|
(i) |
A post-dated cheque with the bank had been dishonoured and debited in the Pass
Book. |
5,000 |
|
|
(iii) |
Cheques
deposited into bank but not yet collected. |
7,500 |
|
|
(iv) |
Interest
charged by the bank on overdraft balance. |
1,850 |
|
|
(vii) |
Cheques
recorded in the Cash Book but not sent to the bank for collection. |
17,500 |
|
|
(viii) |
Bank
charges debited as per Pass Book. |
500 |
32,350 |
|
|
|
|
77,350 |
|
(ii) |
Interest
on investment collected by the bank and credited in the Pass Book. |
1500 |
|
|
(v) |
Cheques
issued but not yet presented for payment. |
11,350 |
|
|
(vi) |
Received a
payment directly from a customer into bank account. |
12,500 |
25,350 |
|
|
Debit
balance as par pass book (Overdraft) |
|
52,000 |
|
|
|
|
|
Question 24:
Prepare a
Bank Reconciliation Statement from the following:
(i) Bank
overdraft as per Pass Book `80,000
(ii) Cheques
issued but not presented for payment `3,000
(iii)
Cheques deposited but not yet collected by the bank `2,000
(iv) Bank
charges not yet recorded in Cash Book `300
Answer:
|
|
|
Detail (`) |
` |
|
(i) |
Bank overdraft as per Pass Book |
|
80,000 |
|
(ii) |
Cheques issued but not presented for
payment |
|
3,000 |
|
|
|
|
83,000 |
|
(iii) |
Cheques deposited but not yet
collected |
(2,000) |
|
|
(iv) |
Bank charges not yet recorded in Cash
Book |
(300) |
2,300 |
|
|
Balance as per Cash Book (Cr.) |
|
80,700 |
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Ts Grewal Solution 2025-2026
Class 11th