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Question No 06 Chapter No 12
When the starting point is a favourable balance of passbook
6. From the following particular, prepare a bank reconciliation statement as on 31st December 2018
On 31st December 2018, Veena Malik’s passbook showed a credit balance of Rs 5,400. A comparison of the entries with cashbook revealed that she had paid in cheque amounting to Rs 60 on30th December 2018 out of which cheque of the value of Rs 240 were credited in the passbook on 3rd January 2019. She had issued amounting to Rs 1,500 before 31st December, of which she found that cheque for Rs 466 was debited in her account after 1st January 2019. There was a debit in the passbook of Rs 15 in respect of bank charges had the credit of Rs 35 for interest on the current account
Bank Reconciliation Statement
| Particular | (Rs) |
(Rs) |
|---|---|---|
| Balance as per Pass Book (Cr) | 5,400 | |
| Add: Cheque paid into the bank not yet collected | 240 | |
| Bank charged debited by the bank | 15 | 255 |
| 5,655 | ||
| Less: cheque issued but not yet presented for payment | 466 | |
| Interest on current account credited by the bank | 35 | 501 |
| Balance as per Cash Book (Dr.) | 5,154 |
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
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 No 06 Chapter No 12 - USHA Publication 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +1 Elements of Book-Keeping.
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