Question No 06 Chapter No 12 - USHA Publication 11 Class

Question No 06 Chapter No 12

Table of Contents

The solution of Question No 06 Chapter No 12:-

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

When the starting point is a favourable balance of passbook

6. From the following particular, prepare a bank reconciliation statement as on 31st December 2018
On 31st December 2018, Veena Malik’s passbook showed a credit balance of Rs 5,400. A comparison of the entries with cashbook revealed that she had paid in cheque amounting to Rs 60 on30th December 2018 out of which cheque of the value of Rs 240 were credited in the passbook on 3rd January 2019. She had issued amounting to Rs 1,500 before 31st December, of which she found that cheque for Rs 466 was debited in her account after 1st January 2019. There was a debit in the passbook of Rs 15 in respect of bank charges had the credit of Rs 35 for interest on the current account

The solution of Question No 06 Chapter No 12:-

Bank Reconciliation Statement
Particular	(Rs)	(Rs)
Balance as per Pass Book (Cr)		5,400
Add: Cheque paid into the bank not yet collected	240
Bank charged debited by the bank	15	255
		5,655
Less: cheque issued but not yet presented for payment	466
Interest on current account credited by the bank	35	501
Balance as per Cash Book (Dr.)		5,154