Question No 15 Chapter No 12
15. Bank statement of a customer shows a bank balance of Rs 62,000 on 31st March 2018. On comparing it with the cash book the following discrepancies were noted:
- The cheque was paid into the bank in March but was credited in April:
P-Rs 3,500;Q-Rs 2,500;R-Rs 2,000 - Cheque issued in March were presented in April:
X-Rs 4,000; Q-Rs 4,500 - The cheque for Rs 1,000 received from a customer entered in the cash book but not banked
- Passbook shows a debit of Rs 1,000 for bank charges and credit of Rs 2,000 as interest
- Interest on investment Rs 2,500 collected by the bank appeared in passbook
The solution of Question No 15 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Balance as per Pass Book(Cr) | 62,000 | |
| Cheque deposited into the bank but yet credit by a bank . | 8,000 | |
| Cheque issued but not yet presented for payment | 8,500 | |
| Cheque received but not been banked | 1,000 | |
| Passbook show the bank charges and interest not entered in the cash book | 2,000 | 1,000 |
| Interest on investment was not entered in the cash book | 2,500 | |
| Balance as per Pass Book | 59,000 | |
| 72,000 | 72,000 | |
To understand more about cash book please check out following links: –
Bank Reconciliation Statement | Process | Illustration |
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Also, Check out the solved question of previous Chapters: –
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
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