Question No 06 Chapter No 11

Question No 06 Chapter No 11

When Credit Balance(Overdraft) as per cash Books is Given:-

06.Prepare Bank Reconciliation Statement as of 31st January 2017, if Cash Book of Mr. Sanjay showed a credit balance of 20,100.
(i) The bank had paid a fire insurance premium of 550 which does not appear in the Cash Book.
(ii) Cheques for 25,000 issued during January, but cheques for only 18,500 were presented for payment.
(iii) Interest collected by bank 740.
(iv) Cheques of 8,700 were deposited into the bank, but cheques for 7,000 were cleared till 31st January 2017.
(v) A customer deposited 620 directly into the bank without informing Mr. Sanjay.

The solution of Question No 06 Chapter No 11: –

Bank Reconciliation Statement
ParticularPlus Items
Minus Items
Overdraft as per the Cash Book (Cr.) 20,100
(i) Fire insurance not debited 550
(ii) Cheques not presented for payment6,500 
(iii) Interest collected by bank not recorded740 
(iv) Cheques not cleared by bank 1,700
(v) Deposited directly into bank620 
Credit Balance as per Pass Book14,490 

Bank Reconciliation Statement | Process | Illustration |

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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

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