Question 32 Chapter 13 – Class 11 Unimax

Question 32 Chapter 13 – Class 11 Unimax

32. On 31.3.2020, the bank pass of Banerjee Traders showed a debited balance of ₹ 3,975.50, whereas the cash book showed credit balance of ₹ 6,441.50, the difference was account for as follows:

• Following cheque drawn on 29,3.2020, had not been presented for payment: A-₹ 332.50; B-₹ 107.
• Following cheques paid into bank on 30.3.2020, had been credited in the pass book before 31.3.2020: C-₹ 300; D-₹ 150
• Dividend on investments paid into bank directly but not entered in the cash book ₹ 64.50.
• Bank charges not entered in the cash book on 31.3.2020 ₹ 12.75.
• Interest on overdraft debited in the pass book before 31.3.2020, but not entered in the cash book ₹ 75.75.
• A cheque of ₹ 110 directly paid into the bank by X, returned dishonoured.
• Three cheques totaling ₹ 2,000 were drawn and entered in the cash book on 31.3.2020. out of these, two cheques wee in cashed on 2.4.2020 and third for ₹ 800 was returned on 4.4.2020-being dishonoured.
• A cheque for ₹ 500 was issued in March, 2020, but was later cancelled and cash was paid. But the entry for issue of cheque was not cancelled.

You are required to prepare a bank reconciliation statement as on 31.3.2020.