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
- Balance as per pass book Rs 50,000
- 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
- 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
- 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 |
Thanks, Please Like and share with your friends
Comment if you have any question.
Advertisement-X
Also, Check out the solved question of previous Chapters: –
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication
T.S. Grewal’s Double Entry Book Keeping