Question No 15 Chapter No 12 – T.S. Grewal 11 Class

Question No 15 Chapter No 12

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:

  1. 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
  2.  Cheque issued in March were presented in April:
    X-Rs 4,000; Q-Rs 4,500
  3. The cheque for Rs 1,000 received from a customer entered in the cash book but not banked
  4.  Passbook shows a debit of Rs 1,000 for bank charges and credit of Rs 2,000 as interest
  5.  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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T.S. Grewals Double Entry Book Keeping - Question No 15 Chapter No 12 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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