Question No 19 Chapter No 12
19. Tiwari and Sons find that the bank balance shown by their cash book on 31st March 2018 is Rs 40,500(credit) but the passbook shows a difference due to the following reasons:
- A cheque for Rs 5,000 drawn in favour of Manohar has not yet been presented for payment
- A post-dated cheque for Rs 900 has been debited in the bank column of the cash book but it could not have been presented in any case
- Cheque totalling RS 10,200 deposited with the bank have not yet been collected and a cheque for RS 4,000 has been dishonored
- A bill for Rs 10,000 was retired by the bank under a rebate of Rs 150 but the full amount of the bill was credited in the bank column of the cash book
Prepare Bank Reconciliation Statement and find out the balance as per passbook
The solution of Question No 19 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Overdraft as per Cash Book(Cr) | 40,500 | |
| Cheque issued but not yet presented for payment | 5,000 | |
| Cheque deposited into the bank but not yet credited by the bank | 900 | |
| Cheque deposited into the bank but not yet credited by the bank | 14,200 | |
| Bill retired by bank rebate and entered in the cash book | 150 | |
| Balance as per Cash Book | 50,450 | |
| 55,600 | 55,600 | |
To understand more about cash book please check out following links: –
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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