Question No 17 Chapter No 12 – T.S. Grewal 11 Class

Question No 17 Chapter No 12

Question No 17 Chapter No 12

17. On 31st March 2018, Cashbook of B. Babu showed an overdraft of Rs 18,000 with a bank of Indian. This balance did not agree with the balance as shown by the Bank passbook. You find that Babu had paid into the bank on 26th March, four cheques for Rs 10,000, Rs 12,000, Rs 6,000 and Rs 8,000.out of these the cheque for Rs 6,000 was credited by the bank in April 2018. Babu had issued on 24th March three cheque for Rs 15,000, Rs 12,000 and Rs 7,000 .the first cheque was presented to the bank for payment in March 2018 and the third cheque in April 2018

You also find that on 31st March,2018 the bank had debit Babu’s Account with Rs 500 for interest and Rs 20 as charges, but babu had not recorded these amounts in his book.

Prepare Bank Reconciliation Statement as on 31st March 2018 and ascertain the balance as per Bank passbook

The solution of Question No 17 Chapter No 12: –  

Bank Reconciliation Statement
Particular Plus Items
(Rs)
Minus Items
(Rs)
Overdraft as per Cash Book(Cr)   18,000
Cheque deposited into the bank but yet credit by a bank.   6,000
Cheque issued but not yet presented for payment 7,000  
Interest and Bank charges are not recorded in the cash book   520
Balance as per Cash Book 17,520  
  24,520 24,520

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 17 Chapter No 12 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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