Question No 16 Chapter No 12 – T.S. Grewal 11 Class

Question No 16 Chapter No 12

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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T.S. Grewals Double Entry Book Keeping - Question No 16 Chapter No 12 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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