Question No 13 Chapter No 12
When the starting point is a favourable balance of passbook
13. The following facts relate to the business of Suresh Kumar who requires you to reconcile his cash book with passbook balance on 31st March 2019
| Rs | |
| Balance as per cash book (Cr) | 14,000 |
| Unpresented cheque | 17,200 |
| Uncredited cheque | 11,300 |
You have been given the following figures as additional information
- The debit side of the cash book (bank Column) has been undercast by RS 2,500
- A cheque for Rs 1,000 paid to a creditor has been wrongly entered in cash column.
- Bank commission and other charges for the services Rs 400 have been recorded in the cash book
The solution of Question No 13 Chapter No 12:-
| Bank Reconciliation Statement | ||
| Particular | (Rs) |
(Rs) |
| Overdraft as per Cash Book | 14,000 | |
| Add: cheques paid into bank but not yet collected | 11,300 | |
| Add: cheque paid to creditor wrongly entered in cash column | 1,000 | |
| Add: charges debited by the bank not entered in the cash book | 400 | 12,700 |
| 26,700 | ||
| Less: cheque issued but not yet presented for payment | 17,200 | |
| Less: debit side of cash book bank column undercast | 2,500 | 19,700 |
| Overdraft as per Pass Book | 7,000 | |
Bank Reconciliation Statement | Process | Illustration |
Thanks, Please Like and share with your friends
Advertisement-X
Comment if you have any question.
Also, Check out the solved question of all Chapters: –
Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Advertisement-X
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)
Chapter No. 18 – Financial Statements – (With Adjustments)
Advertisement-X