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11th | Bank Reconciliation Statement | Question No. 26 To 30 | Ts Grewal Solution 2022-2023

Question 26:


Prepare Bank Reconciliation Statement from the following particulars as on 31st March, 2022 when Pass Book shows a debit balance of `2,500:
(i) Cheque issued for `5,000 but up to 31st March, 2022 only `3,000 could be cleared.
(ii) Cheques deposited for `5,500 but cheques of `500 were collected on 10th April, 2022.
(iii) A discounted Bill of Exchange dishonoured `2,000.
(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 31,2022

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)

Bill dishonoured was not entered in the 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

 

 

 

 

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, 2021:
(i) Bank Pass Book showed an overdraft of `16,500 on 31st October.
(ii) Interest of `1,250 on overdraft up to 31st October, 2021 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, 2021 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 31,2021

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:


Prepare Bank Reconciliation Statement from the following particulars and show balance as per Cash Book:
(i) Balance as per Pass Book on 31st March, 2022 overdrawn
`10,000.
(ii) Cheques drawn in the last week of March, 2022 but not cleared till 3rd April, 2022
`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, 2022 but not collected and credited till 3rd April, 2022.
(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, 2022

S. No.

Particulars

Plus Items

(`)

Minus Items

(`)

(i)

Overdraft as per the Pass Book

 

10,000

(ii)

Cheques issued but not presented for payment during March

 

20,000

(iii)

Interest charged by bank on Overdraft

1,500

 

(iv)

Cheques deposited in to bank but not collected

20,000

 

(v)

Insurance premium paid by bank but not entered in the Cash Book

100

 

(vi)

Bank charging commission not entered in the cash book

200

 

 

Overdraft as per the Cash Book

8,200

 

 

 

30,000

30,000

 

 

 

 

Question 29:


Prepare Bank Reconciliation Statement as on 31st March, 2022 from the following particulars:
(i) R's overdraft as per Pass Book `12,000 as on 31st March 2022.
(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 2022.
(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, 2022.
(v) Bank Pass Book shows credit for `1,000 representing `400 paid by debtor of R direct into the bank and `600 collected directly by the bank in respect of interest on R's investment. R had no knowledge of these items.
(vi) A cheque for `200 has been debited in the bank column of Cash Book by R but it was not sent to the bank at all.

Answer:


Bank Reconciliation Statement

as on March 31, 2022

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, 2022:

 

 

`

(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)

A bill for `3,000 (discounted with the bank in February) dishonoured on 31st March, 2022 and noting charges paid by the bank.

100

Answer:


Bank Reconciliation Statement

as on March 31, 2022

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)

Bill dishonoured

3,000

 

 

Noting Charges paid by bank

100

 

 

Overdraft as per the Cash Book

10,970

 

 

 

28,750

28,750

 

 

 

 

 

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