Question No 07 Chapter No 12 – USHA Publication 11 Class

Question No 07 Chapter No 12

Question No 07 Chapter No 12

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 Plus Items
(Rs)
Minus Items
(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  
Less: commission collected and creditor by bank 150 1,650
Balance as per Cash Book   12,600

 

 

Bank Reconciliation Statement | Process | Illustration |

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

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