Question No 14 Chapter No 12 - USHA Publication 11 Class

Question No 14 Chapter No 12

Table of Contents

14. On 13th January 2017 my passbook showed an overdraft of Rs 12,500. On scrutiny, the following were noticed:

Cheques amounting to Rs 2,100 were paid into the bank on 29th march of which only SR 175 was credited by the bank in passbook
Cheques for Rs 4,000 were issued by me, of which only one cheque for Rs 600 was presented for payment
Bank has paid a bill amounting to RS 10,000 but it has not been entered in the cash book, and a bill receivable for Rs 500 which was discounted with the bank was dishonoured on the due date.
The bank has charged Rs 130 as its commission for collection of outstation cheques and had allowed interest Rs 100 on the trader’s balance.
Prepare a bank reconciliation statement and show the balance as it would appear in the cash book on 31st December 2018.

The solution of Question No 14 Chapter No 12:-

Bank Reconciliation Statement
Particular	(Rs)	(Rs)
Overdraft as per PassBook		12,500
Add: cheques issued but not yet presented for payment	3,400	3,400
		15,900
Less: Interest on overdraft debited by the bank	1,925
Less: interest (Rs 150) and bank charges (Rs 50) debited in the passbook	200
Less: cheque debited in cash book omitted to be banked	250	2,375
Overdraft as per Pass Book		13,525