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Question No 16 Chapter No 12
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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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Also, Check out the solved question of all Chapters: –
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
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Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
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Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)
Chapter No. 18 – Financial Statements – (With Adjustments)
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