Question No 16 Chapter No 12
Credit,i.e., Overdraft(unfavourable balance as cash book)
16. On 1st January 2018, Naresh had an overdraft of Rs 40,000 as shown by his cash book in the bank column. A cheque amounting to Rs 10,000 has been deposited by him but were not collected by the bank by 1st January 2018. He issued a cheque of Rs 7,000 which were not presented to the bank for payment up to that day. There was also a debit in his passbook of Rs 600 for interest and Rs 500 for bank charges
Prepare a Bank Reconciliation statement
The solution of Question No 16 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Overdraft as per Cash Book(Cr) | 40,000 | |
| Cheque deposited into the bank but yet credit by a bank. | 10,000 | |
| Cheque issued but not yet presented for payment | 7,000 | |
| Passbook show the bank charges and interest on the debit side entered in the cash book | 1,100 | |
| Balance as per Cash Book | 44,100 | |
| 51,100 | 51,100 | |
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: –
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- 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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T.S. Grewal’s Double Entry Book Keeping