Question No 12 Chapter No 12 - USHA Publication 11 Class

Question No 12 Chapter No 12

Table of Contents

12. On checking Ram’s Cashbook with the bank statement of his overdraft current account for the month of November 2018, you find the following:

Cashbook showed an overdraft of Rs 4,500
The payment side of the cash book had been undercast by Rs 150
A cheque for Rs 750 drawn on his saving deposit account has been shown as drawn on the current account
A cheque amounting to Rs 7,000 drawn and entered in the cash for collection trough entered in the cash book, had not been credited by the bank
A cheque amounting to Rs 6,000 sent to the bank for collection through entered in the cash book, had not been credited by the bank
Bank charges of Rs 75 as per bank statement of account had not been taken in the cash book
The dividend of the amount of Rs 2,500 had been paid directly to the bank and not entered in the cash book
You are requested to arrive at the balance as it would appear in the bank statement as on 30th November 2018

The solution of Question No 12 Chapter No 12:-

Bank Reconciliation Statement
Particular	(Rs)	(Rs)
Overdraft as per Cash Book		4,500
Add: payment side of cash book undercast	150
cheques paid into bank but not yet collected	6,000
bank charges debited by the bank but not entered in cash book	75	6,225
		10,725
Less: cheque drawn on the saving deposit account wrongly shown as drawn on the current account	750
cheques issued but not yet presented for payment	7,000
dividend credited in passbook but not entered in the cash book	2,500	10,250
Overdraft as per Pass Book		475