Question No 07 Chapter No 11 – D.K Goal 11 Class

Question No 07 Chapter No 11

Question No 07 Chapter No 11

07. Tiwari and Sons find that the bank balance shown by their Cash Book on December 31, 2016, is 40,500 (Credit) but the Pass Book shows a difference due to the following reasons:
(i) A cheque for 5,000 drawn in favour of Manohar has not yet been presented for payment.
(ii) A post-dated cheque for 900 has been debited in the bank column of the Cash Book but it could not have been presented in any case.
(iii) Cheques totalling 10,200 deposited with the bank have not yet been collected and another cheque for 4,000 deposited in the account has been dishonoured.
(iv) A Bill Payable for 10,000 was retired by the Bank under a rebate of 150 but the full amount of the bill was credited in the bank column of the cash book.
Prepare a Bank Reconciliation Statement and find out the balance as per Pass Book

The solution of Question No 07 Chapter No 11: –

Bank Reconciliation Statement
Particular Plus Items
(Rs)
Minus Items
(Rs)
Overdraft as per the Cash Book (Cr.)   40,500
Add: (i) Cheque issued but not presented for payment 5,000  
(iv) Rebate received not recorded in Cash Book 150  
Less: (ii) Post-dated cheque recorded as deposit in Cash Book   900
(iii) Cheques deposited but not credited   10,200
(iii) Cheque dishonoured and not recorded in Cash Book 620 4,000
Credit Balance as per Pass Book 50,450  
  55,600 55,600

Bank Reconciliation Statement | Process | Illustration |

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