Question No 08 Chapter No 12 - USHA Publication 11 Class

Question No 08 Chapter No 12

Table of Contents

When the starting point is a favourable balance of passbook

8.On 31st December 2018, the passbook of merchant showed a credit balance of Rs 33,570

The cheque and draft sent to the sent but not collected and credited amounting to Rs 7,900 and three cheques for Rs 3,000, Rs 1,500 and Rs 2,000 respectively were not presented for the payment till 31st January next
Bank has paid a bill amounting to Rs 10,000 but it has not been entered in the cash book and a bill receivable for Rs 500 which was discounted with the bank was dishonoured on the due date
The bank has credited Rs 130 as its commission for collection of outstation cheques and his allowed interest Rs 100 on trader’s balance
Prepare a bank reconciliation statement and show the balance as it would appear in the cash book

The solution of Question No 08 Chapter No 12:-

Bank Reconciliation Statement
Particular	(Rs)	(Rs)
Balance as per Pass Book(Cr)		33,570
Add: cheque and draft paid into bank but not yet collected and credited in passbook	7,900
bills payable paid by bank	10,000
bills receivable discounted with bank dishonoured on the due date	5,000
commission debited by the bank	130	23,030
		56,600
Less: cheque issued but not yet presented for payment	6,500
interest credited by the bank	100	6,600
Balance as per Cash Book		50,000