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 |
|
|
|
|
|
Click below for more Questions
Ts Grewal Solution 2022-2023
Class 11th
Chapter 13 – Bank Reconciliation Statement
Question No. 1 To 5
Question No. 6 To 10
Question No. 11 To 15
Question No. 16 To 20
Question No. 21 To 25
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11th TS Grewal’s Accountancy Solutions