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Question No 10 Chapter No 12 - T.S. Grewal 11 Class

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Question No 10 Chapter No 12

10. On examining the Bank statement of Green Ltd., it is found that the balance shown on 31st March 2018, differ from bank balance of Rs 23,650 show by the Cashbook on that date. From a detailed comparison of the entries, it is found that:

Rs 2,860 is entered in the Cashbook as paid into the bank on 31st March 2018 but not credited by a bank until the following day
Bank charges of Rs 70 on 31st March 2018 are not entered in the cash book
A bill for Rs 5,500 discounted with the bank is entered in cash book without recording the discount charges of Rs 270
Cheque totalling Rs 16,720 were issued by the company and duly recorded in the cash book before 31st march,2018 but had not been presented at the bank for payment entail after that date.
On 25th March 2018, a debtor paid Rs 1,000 into company’s Bank in settlement of his account but not entry was made in the cash book of the company in respect of this.
No entry has been in the cash book to record the dishonour on 15th March 2018 of a cheque for Rs 550 received form Ram Babu

Prepare Bank Reconciliation Statement as on 31st March 2018.

The solution of Question No 10 Chapter No 12: -

Bank Reconciliation Statement

Particular	Plus Items (Rs)	Minus Items (Rs)
Balance as per Cash Book(Dr)	23,650
Cheque deposited into the bank but yet credit by the bank till date.		2,860
Bank charges not entered in the cash book.		70
Discount charges on discounting a bill not entered in the cash book		270
Cheque issued but not yet credited by the bank	16,720
Cash paid into bank but not entered in the cash book	1,000
Dishonour was not entered in the cash book		550
Balance as per Pass Book		37,620
	41,370	41,370