Question No 05 Chapter No 11 – D.K Goal 11 Class

Question No 05 Chapter No 11

Question No 05 Chapter No 11

05.On comparing the Cash Book with Pass Book of Naman it is found that on March 31, 2017, the bank balance of 40,960 showed by the Cash Book differs from the bank balance with regard to the following:
(a) Bank charges 100 on March 31 2017, are not entered in the Cash Book.
(b) On March 21, 2017, a debtor paid 2,000 into the company’s bank in settlement of his account, but no entry was made in the Cash Book of the company in respect of this.
(c) Cheques totaling 12,980 were issued by the company and duly recorded in the Cash Book before March 31, 2017, but had not been presented at the bank for payment until after that date.
(d) A bill for 6,900 discounted with the bank is entered in the Cash Book without recording the discount charge of 800.
(e) 3,520 is entered in the Cash Book as paid into a bank on March 31st, 2017, but not credited by the bank until the following day.
(f) No entry has been made in the Cash Book to record the dishonor on March 15, 2017, of a cheque for 650 received from Bhanu.
Prepare a reconciliation Statement as of March 31, 2017.

The solution of Question No 05 Chapter No 11: –

Bank Reconciliation Statement
Particular Plus Items
(Rs)
Minus Items
(Rs)
Debit Balance as per Cash Book 40,960  
Add: (b) Amount directly paid by debtors 2,000  
(c) Cheques issued but not presented for payment 12,980  
Less: (a) Bank charges not recorded in Cash Book   100
(d) Discounting charges not recorded in Cash Book   800
(e) Amount deposited but not credited   3,250
(f) Cheque dishonored but not recorded in Cash Book   650
Credit Balance as per Pass Book   50,870
  55,940 55,940

Bank Reconciliation Statement | Process | Illustration |

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