Question No 18 Chapter No 12 – T.S. Grewal 11 Class

Question No 18 Chapter No 12

Question No 18 Chapter No 12

18. On 31st March 2018, Cashbook of a Marchant showed bank overdraft of Rs 1,72,985.on comparing the Cashbook with a bank statement, the following discrepancies were noted:

  1. Cheque issued for Rs 60,000 was not presented in the Bank till 7th April 2018
  2. A cheque amounting to Rs 75,000 were deposited in the bank but were not collected.
  3. A cheque of Rs 15,000 received from Mahesh Chand and deposited in the Bank till 1st April 2018
  4. Rs 1,50,000 being the proceeds of a bill receivable collected appeared in the passbook but not in the cash book
  5. Bank charges Rs 1,500 and interest on overdraft Rs 8,500 appeared in passbook but not in the cash book

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

The solution of Question No 18 Chapter No 12: –  

Bank Reconciliation Statement
Particular Plus Items
(Rs)
Minus Items
(Rs)
Overdraft as per Cash Book(Cr)   1,72,985
Cheque issued but not yet presented for payment 60,000  
Cheque deposited into the bank but not yet credited by the bank 7,000 75,000
Cheque deposited into the bank but not yet credited by the bank   15,000
Bill receivable appeared but bank but not yet entered in the cash book 1,50,000  
Bank charges and interest on overdraft not entered in the cash book   10,000
Cashbook as wrongly carried to debit balance in the cash book   1,000
Balance as per Cash Book 63,985  
  2,73,985 2,73,985

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

T.S. Grewal’s Double Entry Book Keeping

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