Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question No 18 Chapter No 12
18. On 31st March 2018, Cashbook of a Marchant showed bank overdraft of Rs 1,72,985.on comparing the Cashbook with a bank statement, the following discrepancies were noted:
Prepare Bank Reconciliation Statement as on 31st March 2018 and ascertain the balance as per Bank passbook
Bank Reconciliation Statement
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
|---|---|---|
| Overdraft as per Cash Book(Cr) | 1,72,985 | |
| Cheque issued but not yet presented for payment | 60,000 | |
| Cheque deposited into the bank but not yet credited by the bank | 7,000 | 75,000 |
| Cheque deposited into the bank but not yet credited by the bank | 15,000 | |
| Bill receivable appeared but bank but not yet entered in the cash book | 1,50,000 | |
| Bank charges and interest on overdraft not entered in the cash book | 10,000 | |
| Cashbook as wrongly carried to debit balance in the cash book | 1,000 | |
| Balance as per Cash Book | 63,985 | |
| 2,73,985 | 2,73,985 |
To understand more about cash book please check out following links: -
https://tutorstips.com/bank-reconciliation-statement/
Thanks, Please Like and share with your friends
Comment if you have any question.
Also, Check out the solved question of previous Chapters: -
Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication
T.S. Grewal's Double Entry Book Keeping
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 18 Chapter No 12 - T.S. Grewal 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to T.S. Grewal 11 Class Financial Accounting.
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 No 18 Chapter No 12 - T.S. Grewal 11 Class" instantly.
