Question No 20 Chapter No 12 - T.S. Grewal 11 Class

Question No 20 Chapter No 12

20. Prepare the Bank Reconciliation Statement from the following:
Om 31th March 2018, a merchant’s Cashbook showed a credit bank balance of Rs 10,500 but due to the following reasons the passbook showed a difference

1. A cheque of Rs 540 issued to Mohan been presented for payment
2. A post-dated cheque for Rs 100 has been debited in the bank column of the cash book but under no circumstances was it possible to present it.
3. Four cheques of Rs 1,200 sent to the bank has not been collected so far. A cheque of Rs 400 deposited in the bank has been dishonoured.
4. As per instructions, the bank paid Rs 50 as fire Insurance premium but the entry has not been made in the cash book .
5. There was a debit in the passbook of Rs 15 in respect of bank charges and credit of Rs 25 for interest on current Account but no record exists in the cash book.
6. Cheque of Rs 5,000 dated 15th April 2018 issued M& Co., was dishonoured being post-dated. It was also not recorded in the cash books of account yet.

The solution of Question No 20 Chapter No 12: -  

Bank Reconciliation Statement