Question No 08 Chapter No 12 – USHA Publication 11 Class

Question No 08 Chapter No 12

Question No 08 Chapter No 12

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

  1. 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
  2. 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
  3. 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 Plus Items
Minus Items
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  
Add: bills payable paid by bank 10,000  
Add: bills receivable discounted with bank dishonoured on the due date 5,000  
Add: commission debited by the bank 130 23,030
Less: cheque issued but not yet presented for payment 6,500  
Less: interest credited by the bank 100 6,600
Balance as per Cash Book   50,000



Bank Reconciliation Statement | Process | Illustration |

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

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

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

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