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Question No 16 Chapter No 12
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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: –
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Bank Reconciliation Statement | Process | Illustration |
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Also, Check out the solved question of previous Chapters: –
- 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
Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication
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T.S. Grewal’s Double Entry Book Keeping