Question No 07 Chapter No 12 - USHA Publication 11 Class

Question No 07 Chapter No 12

Table of Contents

The solution of Question No 07 Chapter No 12:-

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

When the starting point is a favourable balance of passbook

7. On 31st December,2017 the bank pass book of Imran abbas showed a credit balance of Rs 10,000.This balance differed from what was revealed by the cash book as on that date., On enquiry, the following facts were ascertained : three cheque amounting to Rs 2,000, Rs1,500, and Rs 750 paid into bank on 28th Dec.,2017 were not yet collected by the bank and therefore, not creditor into the account. Further, two cheque of the value of Rs 1,000 and Rs 500 respectively issued to the traders creditors were not yet presented for payment. Besides, the bank collected Rs 150 directs Creditor were not yet presented for account before December 31. You are required to screw up a bank reconciliation statement showing the correct balance in cash book.

The solution of Question No 07 Chapter No 12:-

Bank Reconciliation Statement
Particular	(Rs)	(Rs)
Balance as per Pass Book(Cr)		10,000
Add: Cheque paid into the bank not yet collected	4,250	4,250
		14,250
Less: cheque issued but not presented for payment	1,500
commission collected and creditor by bank	150	1,650
Balance as per Cash Book (Dr.)		12,600