Question 11:
Bank Statement of a customer shows bank balance of `62,000 on 31st March, 2022. On comparing
it with the Cash Book the following discrepancies were noted:
(i) Cheques were paid into
the bank in March but were credited in April:
P − `3,500;
Q − `2,500;
R − `2,000.
(ii) Cheques issued in March were presented in April:
X − `4,000;
Q − `4,500.
(iii) Cheque for `1,000
received from a customer entered in the Cash Book but was not banked.
(iv) Pass Book shows a debit of `1,000 for bank
charges and credit of `2,000
as interest.
(v) Interest on investment `2,500
collected by the bank appeared in the Pass Book.
Prepare Bank Reconciliation Statement showing the balance as per Cash Book on
31st March, 2022.
Answer:
|
Bank Reconciliation Statement as on March 31, 2022 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
|
Balance as per the Pass Book |
62,000 |
|
|
(i) |
Cheque deposited but not credited not credited in the Pass book during March 2017 (3,500 + 2,500 + 2,000) |
8,000 |
|
|
(ii) |
Cheques Issued but not presented in March 2017 (4,000 + 4,500) |
|
8,500 |
|
(iii) |
Cheque received from Customer was recorded in Cash Book but not sent to Bank |
1,000 |
|
|
(iv) |
Bank Charges |
1,000 |
|
|
|
Bank allowed interest |
|
2,000 |
|
(v) |
Interest on Investment Collected by bank but not entered in the Cash Book |
|
2,500 |
|
|
Balance as per the Cash Book |
|
59,000 |
|
|
|
72,000 |
72,000 |
|
|
|
|
|
Question 12:
Prepare Bank Reconciliation Statement as on 30th September, 2022 from the following particulars:
|
|
` |
|
(i) Bank Balance as per Pass Book. |
10,000 |
|
(ii)
Cheque deposited into bank but no entry was passed
in Cash Book. |
500 |
|
(iii)
Cheque received and entered in Cash Book but not
sent to bank. |
1,200 |
|
(iv)
Insurance premium paid directly by the bank. |
800 |
|
(v)
Bank charges entered twice in the Cash Book. |
20 |
|
(vi)
Cheque received entered twice in Cash Book. |
1,000 |
|
(vii)
Bill discounted dishonoured not recorded in the
cash book. |
5,000 |
Answer:
|
Bank Reconciliation Statement as on September 30, 2022 |
|||
|
S. No. |
Particulars |
Plus Items ( `) |
Minus Items ( `) |
|
(i) |
Balance as per the Pass Book |
10,000 |
|
|
(ii) |
Cheque deposited but not entered in the Cash Book |
|
500 |
|
(iii) |
Cheque entered in the Cash Book but not sent to bank |
1,200 |
|
|
(iv) |
Insurance premium paid directly by bank |
800 |
|
|
(v) |
Bank Charges entered twice in the Cash Book |
|
20 |
|
(vi) |
Cheque received entered twice in the Cash Book |
1,000 |
|
|
(vii) |
Bill discounted dishonoured not entered in the Cash Book |
5,000 |
|
|
|
Balance as per the Cash Book |
|
17,480 |
|
|
|
18,000 |
18,000 |
|
|
|
|
|
Question 13:
Prepare Bank Reconciliation Statement as on 31st March, 2022 from the
following particulars:
|
|
|
` |
|
(i) |
Bank
balance as per Pass Book. |
10,000 |
|
(ii) |
Cheque deposited into the Bank, but no entry was passed in the
Cash Book. |
500 |
|
(iii) |
Cheque received and entered in the Cash Book but not sent to
bank. |
1,200 |
|
(iv) |
Credit
side of the Cash Book bank column cast short. |
200 |
|
(v) |
Insurance
premium paid directly by the bank under the standing advice. |
600 |
|
(vi) |
Bank
charges entered twice in the Cash Book. |
20 |
|
(vii) |
Cheque issued but not presented to the bank for payment. |
500 |
|
(viii) |
Cheque received entered twice in the Cash Book. |
1,000 |
|
(ix) |
Bill
discounted dishonoured not recorded in the Cash
Book. |
5,000 |
|
(x) |
Bank
had wrongly allowed interest of `5,000, which was reversed by it on 5th April, 2022. |
|
Answer:
|
Bank Reconciliation Statement as on March 31, 2022 |
|||
|
S. No. |
Particulars |
Plus Items (`) |
Minus Items (`) |
|
(i) |
Balance as per the Pass Book |
10,000 |
|
|
(ii) |
Cheque deposited but not entered in the Cash book |
|
500 |
|
(iii) |
Cheque entered in the Cash Book but not deposited in the bank |
1,200 |
|
|
(iv) |
Credit side of the Cash Book undercast |
200 |
|
|
(v) |
Insurance premium paid directly by the bank but not entered in the Cash Book |
600 |
|
|
(vi) |
Bank charges entered twice in the Cash book |
|
20 |
|
(vii) |
Cheque issued but not presented for payment |
|
500 |
|
(viii) |
Cheque received entered twice in the Cash Book |
1,000 |
|
|
(ix) |
Bill discounted and dishonoured but not entered in the Cash Book |
5,000 |
|
|
(x) |
Interest
allowed by the bank to be reversed |
|
5,000 |
|
|
Balance as per the Cash Book |
|
11,980 |
|
|
|
18,000 |
18,000 |
|
|
|
|
|
Question 14:
A Bank Reconciliation Statement is prepared as on 31st March, 2022 starting with credit balance as per Bank Pass Book. State whether the following transactions will be shown in the Bank Reconciliation Statement by adding or deducting these from the given balance giving reason:
(i) Bank had allowed interest and credited the account by ` 2,000:
(ii) Bill of Exchange for ` 5,000 realised by the bank was not recorded in Cash Book.
(iii) Bank Charges charged by the bank `1,000.
(iv) Cheques of ` 10,000 issued not recorded in the Cash Book were paid and debited to the account by the bank.
(v) Receipts Side of the Cash Book was overcast by ` 1,000.
(vi) Payments Side of the Cash Book was undercast by ` 10,000.
Answer:
Following
transitions will be added:
Transaction no. 3, 4, 5, 6.
Reason:
Above all transactions are decreasing only pass book, Transaction no. 3, 4, 5, 6 are to be added to balance of pass book to increase to the balance of cash book.
Following
transitions will be deducted:
Transaction no. 1, 2.
Reason:
Above all transactions are increasing only pass book, Transaction no. 1, 2 are to be deducted to balance of pass book to increase to the balance of cash book.
Question 15:
A Bank Reconciliation Statement is prepared as on 31st March, 2022 starting with credit balance as per Cash Book. State whether the following transactions will be shown in the Bank Reconciliation Statement by adding or deducting these from the given balance giving reason:
(i) Cheque of ` 5,000 deposited was dishonored.
(ii) Cheque of ` 10,000 was recorded in Cash Book but was not deposited.
(iii) A Bill of ` 10,000 discounted from Bank was dishonored.
(iv) A cheque issued to Ramesh for ` 5,500 was not recorded in Cash Book.
(v) Payments Side of the Cash Book was undercast by ` 1,000.
Answer:
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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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