Question No 10 Chapter No 12 – T.S. Grewal 11 Class

Question No 10 Chapter No 12

Question No 10 Chapter No 12

10. On examining the Bank statement of Green Ltd., it is found that the balance shown on 31st March 2018, differ from bank balance of Rs 23,650 show by the Cashbook on that date. From a detailed comparison of the entries, it is found that:

  1. Rs 2,860 is entered in the Cashbook as paid into the bank on 31st March 2018 but not credited by a bank until the following day
  2. Bank charges of Rs 70 on 31st March 2018 are not entered in the cash book
  3. A bill for Rs 5,500 discounted with the bank is entered in cash book without recording the discount charges of Rs 270
  4. Cheque totalling Rs 16,720 were issued by the company and duly recorded in the cash book before 31st march,2018 but had not been presented at the bank for payment entail after that date.
  5. On 25th March 2018, a debtor paid Rs 1,000 into company’s Bank in settlement of his account but not entry was made in the cash book of the company in respect of this.
  6. No entry has been in the cash book to record the dishonour on 15th March 2018 of a cheque for Rs 550 received form Ram Babu


Prepare Bank Reconciliation Statement as on 31st March 2018.

 

The solution of Question No 10 Chapter No 12: – 

 

Bank Reconciliation Statement
Particular Plus Items
(Rs)
Minus Items
(Rs)
Balance as per Cash Book(Dr) 23,650  
Cheque deposited into the bank but yet credit by the bank till date.   2,860
Bank charges not entered in the cash book.   70
Discount charges on discounting a bill not entered in the cash book   270
Cheque issued but not yet credited by the bank 16,720  
Cash paid into bank but not entered in the cash book 1,000  
Dishonour was not entered in the cash book   550
Balance as per Pass Book   37,620
  41,370 41,370

To understand more about cash book please check out following links: –

Bank Reconciliation Statement | Process | Illustration |

 

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T.S. Grewals Double Entry Book Keeping - Question No 10 Chapter No 12 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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