Question No 03 Chapter No 12 - USHA Publication 11 Class

Question No 03 Chapter No 12

Table of Contents

The solution of Question No 03 Chapter No 12:-

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

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.

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
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.
One customer had deposited directly into bank Rs 1,250 but there is no mention of the same in the cash book
The trader had withdrawn from the bank Rs 3,500 but the same has not been enteral in the cash book
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
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
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)		20000
Add: Cheque issued but not yet presented for payment	7,000
Direct payment by a customer into the bank	1,250	8250
Less: Cheque paid into bank but not credited	4500
Amount is withdrawn from the bank but not entered in the cash book	3500
Cheque entered in cash nook but sent to the bank for collection	3000	11000

Balance as per Pass Book		17,250