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) | 7500 | |
| Add: Cheque issued but not presented for payment | 2,600 | |
| Interest credited by the bank | 125 | 2725 |
| Less: Cheque paid into bank but not yet credited | 1,200 | |
| Bank charges debited by the bank | 10 | |
| Balance as per Pass Book | 9,015 | |
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Bank Reconciliation Statement | Process | Illustration |
Also, Check out the solved question of all Chapters: –
Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
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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
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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)