Question 1:
Prepare Bank Reconciliation Statement from the following:
|
|
` |
|
(i) Debit balance as per the Cash Book. |
15,000 |
|
(ii)
Cheques deposited but not cleared. |
1,000 |
|
(iii)
Cheques issued but not presented. |
1,500 |
|
(iv)
Bank interest. |
200 |
Answer:
|
Bank Reconciliation Statement |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(i) |
Debit balance as per the Cash Book |
15,000 |
|
|
(ii) |
Cheques deposited but not cleared |
|
1,000 |
|
(iii) |
Cheques issued but not presented |
1,500 |
|
|
(iv) |
Bank Interest |
200 |
|
|
|
Credit Balance as per the Pass Book |
|
15,700 |
|
|
|
16,700 |
16,700 |
|
|
|
|
|
Question 2:
Ramesh has his account at Punjab National Bank, Delhi. According to his Cash Book, his bank balance on 31st March, 2022 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 31,2022 |
|||
|
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 |
|
|
|
|
|
Question 3:
On 30th June, 2022, bank column of the Cash Book 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 bankers.
(ii) The receipts column of the Cash Book undercast
by `200.
(iii) On 29th June, 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 July.
(v) Pass Book shows a credit of `330
as interest and a debit of `60
as bank charges.
Prepare Bank Reconciliation Statement as on 30th June, 2022.
Answer:
|
Bank Reconciliation Statement as on June 30, 2022 |
|||
|
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 |
|
|
Balance as per the Pass Book |
|
16,170 |
|
|
|
17,730 |
17,730 |
|
|
|
||
Question 4:
Cash Book shows a balance of `12,500. On comparing the Cash Book with the Pass Book, following discrepancies were noted:
|
|
|
` |
|
(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 |
|
|
|
|
|
Question 5:
From the following particulars, prepare Bank Reconciliation Statement as on
31st December, 2008:
(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 bill for `700
retired by bank under a rebate of `20,
the full amount of the bill was credited in the Cash Book.
(iv) A cheque 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.
(vii) A bill receivable for `1,000
(discounted with the bank in November 2008) dishonoured
on 31st December, 2008.
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) |
Rebate of retiring bill was not recorded |
20 |
|
|
(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 |
|
8,305 |
|
|
|
10,520 |
10,520 |
|
|
|
|
|
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
Click on below links for
11th TS Grewal’s Accountancy Solutions