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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question 1 Chapter 13 – Class 11 Unimax
At the end of the year, prem Chawla’s cash book showed a bank balance of ₹ 1,850. On comparing the same with the bank passbook, he found that cheques amounting to ₹ 1,360 had been issued towards the close of the year, ₹ 281 of which were presented for payment in January next. He had deposited cash and cheques worth ₹ 1,389 on 29th December, of which cheques for ₹ 470 were cleared in January. The bank credited his account with ₹ 140 in the passbook in respect of interest on current account and has debited him with 25 as charges for collecting outstation cheques.
Prepare a bank reconciliation statement as on 31st December.
Bank reconciliation statement as on 31s dec.
| Particulars | Details | Amount |
|---|---|---|
| Balance as per cash book (Dr) | 1,850 | |
| Add: 1. Cheques issued but not presented | 281 | |
| 2. Interest credited by bank | 140 | 421 |
| 2,271 | ||
| Less:1. Cheque paid but not cleared | 470 | |
| 2. Bank charges | 25 | 495 |
| Balance as per pass book | 1,776 |
Economics Educator
Mrs. Dilgeerjot Kaur holds a B.Com and M.Com degree and has over 9 years of teaching experience in microeconomics, macroeconomics, and business economics.
This guide covers "Question 1 Chapter 13 – Class 11 Unimax", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 13 - Bank Reconciliation Statement - Unimax.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 1 Chapter 13 – Class 11 Unimax" instantly.
