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

Question No 11 Chapter No 12

Question No 11 Chapter No 12

Credit (Favorable) balance as per the passbook

11. Prepare Bank Reconciliation Statement from the following particulars on 31st July 2017

  1. Balance as per pass book Rs 50,000
  2. Three cheques for Rs 6,000, Rs 3,937 and Rs 1,525 issued in last week of July 2017 were presented for payment to the bank in August 2017
  3. Two cheques of Rs 500 and Rs 650 sent to the bank for the collection were not entered in the Passbook by 31st July 2017
  4. The bank charged Rs 460 for its commission and allowed interest of Rs 100 which were not mentioned in the Bank column of the cash book.



 

The solution of Question No 11 Chapter No 12: – 

 

Bank Reconciliation Statement
Particular Plus Items
(Rs)
Minus Items
(Rs)
Balance as per Pass Book(Cr)   50,000
Cheque issued but not credit by the bank. 11,462  
Cheque deposited into the bank but not entered in passbook   1,150
Bank charged commission and allowed interest by the bank 100 460
Balance as per Pass Book 40,048  
  51,610 51,610

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 11 Chapter No 12 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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