Question No 12 Chapter No 12 – USHA Publication 11 Class

Question No 12 Chapter No 12

Question No 12 Chapter No 12

When the starting point is a favourable balance of passbook

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:

  1. Cashbook showed an overdraft of Rs 4,500
  2. The payment side of the cash book had been undercast by Rs 150
  3. A cheque for Rs 750 drawn on his saving deposit account has been shown as drawn on the current account
  4. 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
  5. 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
  6. Bank charges of Rs 75 as per bank statement of account had not been taken in the cash book
  7. 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  
Add: cheques paid into bank but not yet collected 6,000  
Add: 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  
Less: cheques issued but not yet presented for payment 7,000  
Less: dividend credited in passbook but not entered in the cash book 2,500 10,250
Overdraft as per Pass Book   475

 

 

Bank Reconciliation Statement | Process | Illustration |

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

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