Question No 04 Chapter No 12
When the starting point is the favourable balance of cash book
4.On 31st December 2017 the cash book of Madhav Kumar showed a debit balance of Rs 1,850. On comparing the cash book with passbook the following discrepancies were noted:
- Cheque issued Rs 6,000 were not presented at bank by31.12.2017
- A cheque for Rs 8,000 was deposited in the bank but was not cleared
- A cheque for Rs 200 received from Dhavan and deposited in the bank was dishonoured. No advice for non-payment was received from the bank till 1.1.2018
- A cheque for Rs 510 was paid into bank but bank credited the amount with Rs 501 by mistake
- The bank received interest on Debentures on behalf of Madhav Kumar amounting to Rs 250
- A cheque for Rs 500 entered into the cash book was omitted to be banked.
Prepare a bank reconciliation statement and show the balance as per passbook
The solution of Question No 04 Chapter No 12:-
| Bank Reconciliation Statement | ||
| Particular | ₹ | ₹ |
| Balance as per Cash Book(Dr) | 1,850 | |
| Cheque issued but not yet presented for payment | 6,000 | |
| Cheque paid into bank not creditor | 8,000 | |
| Cheque paid in bank dishonoured, not entered in the cash book | 200 | |
| Cheque of Rs 510 paid into bank creditor the amount with Rs 501 | 9 | |
| Interest on Debentures credited in passbook but not entered in the cash book | 250 | |
| Cheque entered in the cash book but omitted to banked | 500 | |
| Overdraft as per Pass Book | 609 | |
| 8,709 | 8,709 | |
Bank Reconciliation Statement | Process | Illustration |
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
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Chapter No. 3 – Origin of Transactions
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)