Question No 14 Chapter No 12 – USHA Publication 11 Class

Question No 14 Chapter No 12

Question No 14 Chapter No 12

When the starting point is a favourable balance of passbook

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

  1. 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
  2. Cheques for Rs 4,000 were issued by me, of which only one cheque for Rs 600 was presented for payment
  3. 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.
  4. 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)
Overdraft as per PassBook   12,500
Add: cheques issued but not yet presented for payment 3,400 3,400
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



Bank Reconciliation Statement | Process | Illustration |

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

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

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)

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