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Question 27 Chapter 13 – Class 11 Unimax
27. the bank statement of Mr. James flint showed an overdraft to the tune of ₹ 60,400 as on 31-12-2019. The ledger account of the bank in Mr. Flint’s books showed a debit balance of ₹ 1,45.280 as on the same sate. The following further facts and figures are available:
| ₹ | |
| Cheque No. 143211 dated 21.12.2019 issued to tax consultants was not cashed till 31.12.2019. | 12,000 |
| Cheque No. 143246 dated 20.12.2019 issued to management consultancy services was cashed on 14.1.2020. | 20,000 |
| Cheque No.143247date 29.12.2019 issued to cost and care and centre was cancelled on 31.01.2020 against a fresh cheque issued the same date. | 54,840 |
| Cheque No. 331674 received from M/s General studies and deposited into the bank on 28.12.2019 was credited in the account on 3.1.2020. | 2,20,000 |
| Dividend warrant No. TISCO/732 deposited on 29.12.2019 was not credited by the till 31.12.2019. | 74,400 |
| Bank charges not adjusted in books of Mr. Flint till 31.12.2019 | 680 |
| Interest credited by the bank and not adjusted in the book till 31.12.2019. | 2,560 |
Prepare a bank reconciliation statement of Mr. James Flint as on 31.12.2019.
| Particulars | Details | Amount |
|---|---|---|
| Overdraft Balance as per pass book (Cr) | 60,400 | |
| Add: 1. Cheque issued to tax consultant nor cashed | 12,000 | |
| 2. Cheques issued to management consultancy not cashed | 20,000 | |
| 3. cheque issued to cost & care centre not cashed | 54,840 | |
| 4. Interest credited by bank | 2,560 | 89,400 |
| 1,49,800 | ||
| Less:1. Cheques received from M/s General studies deposited into bank but not credited | 2,20,000 | |
| 2. Dividend not credited by bank | 74,400 | |
| 3. Bank charges | 680 | 2,95,080 |
| Balance as per cash book (Dr) | 1,45,280 | |
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 27 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.
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