Question No 10 Chapter No 12
When the starting point is a favourable balance of passbook
10. From the following particular, ascertain the balance by means f the statement that would appear in the passbook of Swaminathan as on 31st December 2018.
- Overdraft as per cash book (31st December 2018) Rs 7,190
- Interest on overdraft for six months ending 31st December 2018 Rs 160
- Bank charges for the above period Rs 70
- The cheque is drawn but not cashed by the customers prior to 31st December 2018 Rs 1,270
- Cheque paid into bank Rs 2,210 but not cleared before 31st December 2018
- A bill receivable Rs 600 (discounted with bank in November) dishonoured on 31st December 2018
The solution of Question No 10 Chapter No 12:-
| Bank Reconciliation Statement | ||
| Particular | (Rs) |
(Rs) |
| Overdraft as per Cash Book | 7,190 | |
| Add: interest on overdraft debited by the bank | 160 | |
| Add: bank charges debited by the bank | 70 | |
| Add: cheque paid into bank but not yet cleared | 2,210 | |
| Add: bill receivable discount with the bank but dishonoured | 600 | 3,040 |
| 10,203 | ||
| Less: cheque issued but not yet presented for payment | 1,270 | 1,270 |
| Overdraft as per PassBook | 8,960 | |
Bank Reconciliation Statement | Process | Illustration |
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
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Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
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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)