Question No 16 Chapter No 12
16. Rom the following particulars, ascertain the balance that would appear in the cash book of Santosh Kumari as at December 31, 2018.
| Rs | ||
| (i) | Overdraft as per pass book (31st December 2018) | 13,880 |
| (ii) | Interest on overdraft for six months ending 31st December 2014(not yet entered in the cash book ) | 240 |
| (iii) | Bank charges for the above period (not yet entered in the cash book ) | 60 |
| (iv) | The cheque is drawn but not cashed by the customers prior to 31st December 2018 | 2,300 |
| (v) | Cheque paid into bank but not cashed by the customers prior to 31st December 2018 | 4,340 |
| (vi) | A bill receivable (discounted with the bank in November) dishonoured on 31st December 2018 | 1,000 |
The solution of Question No 16 Chapter No 12:-
| Bank Reconciliation Statement | ||
| Particular | (Rs) |
(Rs) |
| Overdraft as per Pass Book | 13,880 | |
| Add: cheques issued but not yet presented for payment | 2,300 | 2,300 |
| 16,180 | ||
| Less: Interest on overdraft debited by the bank | 240 | |
| Less: bank charges debited by the bank | 60 | |
| Less: cheque paid into bank but not yet collected | 4,340 | |
| Less: bills received discounted dishonoured by a bank | 1,000 | 5,640 |
| Overdraft as per Cash Book | 10,540 | |
Bank Reconciliation Statement | Process | Illustration |
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
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Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
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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)