Question No 17 Chapter No 12 – USHA Publication 11 Class

Question No 17 Chapter No 12

Question No 17 Chapter No 12

When the starting point is a favourable balance of passbook

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

  1. Overdraft on 30th September 2017 as per pass book Rs 10,000
  2. Cheque deposited in the bank but not recorded in cash book Rs 100
  3. Cheque received and recorded in the bank column but sent to the bank for collection Rs 1,000
  4. 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
  5. 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
  6. 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
  7. Fees of Rs 250 were paid directly by the bank but was recorded in the cash book
  8. In cash book, a bank charge of Rs 30 was recorded twice while another bank charge of Rs 50 was nit recorded at all
  9. 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 Pass Book   3,730

 

 

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. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

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)

Chapter No. 18 – Financial Statements – (With Adjustments)

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