Question No 03 Chapter No 12 – T.S. Grewal 11 Class

Question No 03 Chapter No 12

Question No 03 Chapter No 12

When the starting point is the favourable balance of cash book

3.Atrader prepare at the end of each month a bank reconciliation statement for his business Draft one such statement from the undermentioned items as on 31st December 2018.

  1. Cash and cheque totaling Rs 36,950 were sent to bank in the month of December, but of them one cheque for Rs 4,500 was credited in the pass book on 2 January 2019
  2. On 26th December, cheque were drawn in favor of creators for Rs 9,500 but of them one cheque for Rs 4,000 was encased on 2nd January,2019 and another for Rs 3,000 has not yet been presented.
  3. One customer had deposited directly into bank Rs 1,250 but there is no mention of the same in the cash book
  4. The trader had withdrawn from the bank Rs 3,500 but the same has not been enteral in the cash book
  5. On 29th December, a cheque for Rs 3,000 was received and Entered in the cash book but had been omitted to be sent to the bank
  6. On 27th December 2018, Rs 175 were creditor in pass book as Six-monthly interest but the same had been omitted to be sent to a bank
  7. Bank balance as per cash book Rs 20,000

 

The solution of Question No 03 Chapter No 12:-  

Bank Reconciliation Statement
Particular Plus Items
(Rs)
Minus Items
(Rs)
Balance as per Cash Book(Dr) 20,000  
Cheque issued but not yet presented for payment 7,000  
Direct payment by a customer into the bank 1,250  
Cheque paid into bank but not credited   4,500
Amount is withdrawn from the bank but not entered in the cash book   3,500
Cheque entered in cash nook but sent to the bank for collection   3,000
Balance as per Pass Book   17,250
  28,250 28,250

 

Bank Reconciliation Statement | Process | Illustration |

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Question No 02 Chapter No 12 – T.S. Grewal 11 Class

Question No 02 Chapter No 12

Question No 02 Chapter No 12

When the starting point is the favourable balance of cash book

2. From the following particular, prepare a bank reconciliation statement of R.K Khanna & Co. showing the balance as per bank passbook on March 31, 2019

  1. On March 31, 2019, the bank balance as per cash book was Rs 9,800
  2. The following cheque was paid into the firm’s bank current account inmarch,2019 but was creditor by the credited by the bank in April 2019. Raman Rs 400; Chand Ram Rs 300; Mohan Rs 200
  3. The following cheque was issued by the firm in March 2019 but was cashed in April 2019 Gopalan Rs 500; Krishan Rs 250
  4. The passbook shows a credit of Rs 180 interest and a debit of Rs 40 for bank charges
  5. The passbook also contains an entry for Rs 240 being payment made by a customer into the bank

 

The solution of Question No 02 Chapter No 12:-  

Bank Reconciliation Statement
Particular Plus Items
(Rs)
Minus Items
(Rs)
Balance as per Cash Book(Dr) 9,800  
Cheque issued but not yet the creditor   900
Cheque issued but not presented for payment 750  
Interest creditor by bank 180  
Bank charges debited by the bank   40
Direct payment made by the customer into the bank 240  
Balance as per Pass Book   10,030
  10,970 10,970

 

Bank Reconciliation Statement | Process | Illustration |

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Question No 01 Chapter No 12 – T.S. Grewal 11 Class

Question No 01 Chapter No 12

Question No 01 Chapter No 12

When the starting point is the favourable balance of cash book

1.The cash book of a merchant showed a bank balance of Rs 7,500 on 31st December 2018.Ongoing through the cash book, it was found that two cheques for Rs 500 and Rs 700 deposited in the month of December were not credited in the passbook till January 1, 2019, and three cheques for Rs 600, Rs 800 & Rs 1,200 issued on December 28, 2018, were not presented for payment till January 3, 2019. In addition to this bank had credited the merchant for Rs 125 as interest and had debited him for Rs 10 as bank charges for which there no corresponding entries in the cash book

 

The solution of Question No 01 Chapter No 12:-  

Bank Reconciliation Statement
Particular Plus Items
(Rs)
Minus Items
(Rs)
Balance as per Cash Book(Dr) 7,500  
Cheque issued but not presented for payment 2,600  
Interest credited by the bank 125  
Cheque paid into bank but not yet credited   1,200
Bank charges debited by the bank   10
Balance as per Pass Book   9,015
  10,225 10,225

 

Bank Reconciliation Statement | Process | Illustration |

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Question No 25 Chapter No 11 – T.S. Grewal 11 Class

Question No 25 Chapter No 11

Question No 25 Chapter No 11

Miscellaneous Problems

25.From the following balances extracted from the books of Meera Chitkara as on March 2019, prepare a trial balance:

Ledger Account  Balance Rs Ledger Account  Balance Rs
Meera’s capital 1,51,600 Livestock 18,000
6% bank loan  60,000 Patent right 25,000
Interest on bank loan  2,400 Provision for doubtful debts 6,000
8% of investments 40,000 Book debts 70,000
Interest on investment  2,000 Rent from subletting 7,000
Sale of old paper 700 Rent  18,000
Deposit with supplier 12,000 Wages & salaries 24,000
Claim recoverable 9,000 Purchases 80,000
Sundry expenses 2,500 Sales 90,000
Consultancy fee paid  4,400 Stock(1.4.2018) 12,000

 

The solution of Question No 25 Chapter No 11: –  

Trail Balance A/c  
Particulars
J.F. Debit Credit
Meera’s Capital     1,51,600
6% bank loan     60,000
Interest on bank loan   2,400  
8% investment   40,000  
Interest on investment     2,000
Sale of old papers     700
Deposit with suppliers   12,000  
Claim recoverable   9,000  
Sundry expenses   2,500  
Consultancy fee paid   4,400  
Livestock   18,000  
Patent right   25,000  
Provision for doubtful debts     6,000
Book debts   70,000  
Rent from subletting     7,000
Rent   18,000  
Wagers & salaries   24,000  
Purchases   80,000  
Sales     90,000
Stock(1.4.2018)   12,000  
    3,19,200 3,19,200

 

 

Trial Balance | Explanation | Methods | Examples

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Question No 24 Chapter No 11 – T.S. Grewal 11 Class

Question No 24 Chapter No 11

Question No 24 Chapter No 11

Miscellaneous Problems

24.From the following balances extracted from the books of George Shaw as on 31st March,2017.prepare a trial balance

Ledger Account  Balance Rs Ledger Account  Balance Rs
Equipment 1,20,000 Sales ledger 24,500
Loose tools 14,000 Software 10,000
Apprentice premium 18,000 Capital 1,37,700
Advance from customers 35,800 Drawings 45,000
Donation 4,200 Interest on advance received 1,200
Short term advance 21,000 Interest on drawings 2,500
Purchases 65,000 Interest on capital 4,500
Purchases ledger 21,000 Commission received in advance 7,000
Sales 96,000 Claim paid  11,000

 

The solution of Question No 24 Chapter No 11: –  

Trail Balance A/c  
Particulars
J.F. Debit Credit
Equipment   1,20,000  
Loose tools   14,000  
Apprentice premium     18,000
Advances from customers     35,800
Donation   4,200  
Short term advances   21,000  
Purchases   65,000  
Purchases ledger     21,000
Sales     96,000
Sales ledger   24,500  
Software   10,000  
Capital     1,37,700
Drawings   45,000  
Interest on advances received     1,200
Interest on drawings     2,500
Interest on Capital   4,500  
Commission received in advance     7,000
Claims paid   11,000  
    3,19,200 3,19,200

 

 

Trial Balance | Explanation | Methods | Examples

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Question No 23 Chapter No 11 – T.S. Grewal 11 Class

Question No 23 Chapter No 11

Question No 23 Chapter No 11

Miscellaneous Problems

23. Given below are the balance taken out from the books of Sanjana Shahi as on 31st March,2018.prepare trial balance

Ledger Account  Balance Rs Ledger Account  Balance Rs
Railways fright on sales 19,000 Annuity deposits 32,000
Travelling expenses 21,200 Mortgage loan 40,000
Unpaid rent  8,500 Bills payables 23,000
Factory rent  18,000 Purchases of raw material 56,000
Consumable stores 4,100 Sales of finished goods 80,000
Coal, gas & water 16,000 Loss of finished goods 2,000
Duty and clearing charges 4,500 Capital 27,300
Petty cash  3,100 Interest on capital 1,800
Petty expenses  4,600 Bad debts recovered  3,500

 

The solution of Question No 23 Chapter No 11: –  

Trail Balance A/c  
Particulars
J.F. Debit Credit
Railway freight on sale   19,000  
Travelling expenses   21,200  
Unpaid rent     8,500
Factory rent   18,000  
Consumable stores   4,100  
Coal, gas & water   16,000  
Duty and clearing charges   4,500  
Petty cash   3,100  
Petty expenses   4,600  
Annuity deposits   32,000  
Mortgage loan     40,000
Bills payable     23,000
Purchases of raw material   56,000  
Sale of finished goods     80,000
Loss by embezzlement   2,000  
Capital     27,300
Interest on capital   1,800  
Bad debts recovered     3,500
    3,65,900 3,65,900

 

 

Trial Balance | Explanation | Methods | Examples

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Question No 22 Chapter No 11 – T.S. Grewal 11 Class

Question No 22 Chapter No 11

Question No 22 Chapter No 11

Miscellaneous Problems

22.From the following details taken from the books of Rajesh Khanna, prepare a trial balance as on 31st March 2019

Ledger Account  Balance Rs Ledger Account  Balance Rs
Purchases less return 85,000 Production expenses 6,400
Net sales 1,12,600 Royalty on production 2,100
Machinery 65,000 Royalty on sale 2,900
Depreciation on machinery 9,000 Brokerage on sales 3,000
Trade expenses 15,000 Investment in shares 15,000
Livestock 24,500 Packing expenses 1,500
Leasehold premises 1,00,000 Capital 1,86,900
Discount on purchases 7,000 Loss on sales of machinery 7,000
Bills payable 18,000 Miscellaneous incomes 9,400
Legal charges 9,500 Dividend receive 8,000
Deposited with Gautam 20,000 Provision of dep. On machinery 24,000

 

The solution of Question No 22 Chapter No 11: –  

Trail Balance A/c  
Particulars
J.F. Debit Credit
Purchases less return   85,000  
Net sales     1,12,600
Machinery   65,000  
Depreciation on machinery   9,000  
Trade expenses   15,000  
Livestock   24,500  
Leasehold premises   1,00,000  
Discount purchases     7,000
Bills payables     18,000
Legal charges   9,500  
Deposited with Gautam   20,000  
Productive expenses   6,400  
Royalty on production   2,100  
Royalty on sales   2,900  
Brokerage on sales   3,000  
Investment in shares   15,000  
Packing expenses   1,500  
Capital     1,86,900
Loss on sale of machinery   7,000  
Miscellaneous incomes     9,400
Dividend received     8,000
Provision for depreciation on machinery     24,000
    3,65,900 3,65,900

 

 

Trial Balance | Explanation | Methods | Examples

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Question No 21 Chapter No 11 – T.S. Grewal 11 Class

Question No 21 Chapter No 11

Question No 21 Chapter No 11

When an Obvious Account head is Missing

21.The following balance ere extracted from the ledger accounts of Meenu Hooda as on 31st March,2017.prepare a trial balance

Ledger Account  Balance Rs Ledger Account  Balance Rs
Stock(1.4.2016) 37,000 Wages 52,000
Drawings 51,300 Audit fees 51,700
Capital 3,27,000 Furniture 40,000
Creditor  39,000 Machinery 30,000
Provision for bad debts 8,000 Cash balance  10,000
Purchases 8,12,000 Closing stock 55,000
Sales 9,28,000 Rent outstanding 18,000
Rent  20,000 Prepaid interest  16,000

 

The solution of Question No 21 Chapter No 11: –  

Trail Balance A/c  
Particulars
J.F. Debit Credit
Stock(1.4.2016)   37,000  
Drawings   51,300  
Capital     3,27,000
Creditors     39,000
Provision for bad debts     8,000
Purchases   8,12,000  
Sales     9,28,000
Rent   20,000  
Wages   52,000  
Audit fees   51,700  
Furniture   40,000  
Machinery   30,000  
Cash balance   10,000  
Rent outstanding     18,000
Prepaid interest   16,000  
Debtors(Balancing figure)   2,00,000  
    13,20,000 13,20,000

 

 

Trial Balance | Explanation | Methods | Examples

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Question No 20 Chapter No 11 – T.S. Grewal 11 Class

Question No 20 Chapter No 11

Question No 20 Chapter No 11

When an Obvious Account head is Missing

20.The following balance is extracted from the book of Gurjit Kaur as on 31st March,2019.prepare a trial balance

Ledger Account  Balance Rs Ledger Account  Balance Rs
Purchases  60,000 Sundry debtors 45,000
Sale return 1,500 Salaries 7,000
Sales 1,27,000 Wages 10,000
Purchases return 1,275 Freight inward 1,000
Machinery 90,000 Freight outward 1,200
Opening stock 40,000 Rent & rates 2,000
Discount received  800 Bank overdraft 5,000
Sundry creditor  20,000 Advertisement 2,000
Discount allowed 350 Cash in hand  7,000
Bank charges 100 Closing stock 30,000

 

The solution of Question No 20 Chapter No 11: –  

Trail Balance A/c  
Particulars
J.F. Debit Credit
Purchases   60,000  
Sales return   1,500  
Sales     1,27,000
Purchases return     1,275
Machinery   90,000  
Opening stock   40,000  
Discount received     800
Sundry creditor     20,000
Discount allowed   350  
Bank charges   100  
Sundry debtors   45,000  
Salaries   7,000  
Wages   10,000  
Freight inward   1,000  
Freight outward   1,200  
Rent & rates   2,000  
Bank overdraft     5,000
Advertisement   2,000  
Cash in hand   7,000  
Capital(Balancing figure)     1,13,075
    2,67,150 2,67,150

 

 

Trial Balance | Explanation | Methods | Examples

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Question No 19 Chapter No 11 – T.S. Grewal 11 Class

Question No 19 Chapter No 11

Question No 19 Chapter No 11

When an Obvious Account head is Missing

19. The following balance is extracted from the books of Savita Sarhar as on 31st March 2018

Ledger Account  Balance Rs Ledger Account  Balance Rs
Freehold building 27,500 Discount received  7,630
Plant & machinery 13,320 Discount allowed  8,240
Stock(1.4.2017) 41,730 Furniture  11,920
Sales 2,07,830 Capital 96,590
Carriage 4,780 General Expenses 13,380
Bad debts 2,250 Bank 18,740
Wages 12,270 Rates and taxes 1,880
Debtors 54,450 Drawing 18,550
Creditor 24,290 Stock(31.3.2019) 44,000

 

The solution of Question No 19 Chapter No 11: –  

Trail Balance A/c  
Particulars
J.F. Debit Credit
Freehold Building   27,500  
Plant & machinery   13,320  
Stock(1.4.2017)   41,730  
Sales     2,07,830
Carriage   4,780  
Bad debts   2,250  
Wages   12,270  
Debtors   54,450  
Creditor     24,290
Discount received     7,680
Discount allowed   8,240  
Furniture   11,920  
Capital     96,590
General expenses   13,380  
Bank   18,740  
Rates & taxes   1,880  
Drawings   18,550  
Purchases (Balancing figure)   1,07,330  
    1,85,300 1,85,300

 

 

Trial Balance | Explanation | Methods | Examples

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)