Question No 17 Chapter No 12 - USHA Publication 11 Class

Question No 17 Chapter No 12

Table of Contents

17. From the following particular, prepare a bank reconciliation statement of Alpha Motor Ltd. As on 30th September 2017:

Overdraft on 30th September 2017 as per pass book Rs 10,000
Cheque deposited in the bank but not recorded in cash book Rs 100
Cheque received and recorded in the bank column but sent to the bank for collection Rs 1,000
Several cheques were drawn in last week of September, Totaling Rs 15,000; of these cheques totalling only Rs 9,000 were cash before 30th September
Similarly, several cheques, totalling Rs 9,000 were sent for collection; of these cheques of the value of Rs 1,500 were credited on 5th October and Rs 2,000 on 7th October, the balance being credited before 30th September
On 11th September 2017, the credit side of the column of the cash book was cast Rs 1,000 short and the credit balance of Rs 2,600 on 15th September 2017 was brought forward on 16th September 2017 as the debit balance of Rs 2,600
Fees of Rs 250 were paid directly by the bank but was recorded in the cash book
In cash book, a bank charge of Rs 30 was recorded twice while another bank charge of Rs 50 was nit recorded at all
The interest of Rs 1,400 was charged by the bank but was not recorded in the cash book

The solution of Question No 17 Chapter No 12:-

Bank Reconciliation Statement
Particular	(Rs)	(Rs)
Overdraft as per PassBook		10,000
Add: cheque deposited in the bank but not yet recorded in the cash book	100
Add: cheques issued but not yet presented for payment	6,000
Add: bank charges recorded twice in the cash book	30	6,130
		16,130
Less: cheque received and recorded in the bank column of the book but not sent to the bank for collection	1,000
Less: cheque deposited in the bank but not yet collected	3,500
Less: credit side of the bank column cast short	1,000
Less: credit balance of cash book brought forward as a debit balance	5,200
Less: fee paid by bank bot recorded in the cash book	250
Less: bank charges debited by the bank not recorded in the cash book	50
Less: the interest charged by the bank	1,400	12,400
Overdraft as per Cash Book		3,730