Question No 19 Chapter No 12 – T.S. Grewal 11 Class

Question No 19 Chapter No 12

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:

  1. A cheque for Rs 5,000 drawn in favour of Manohar has not yet been presented for payment
  2. 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
  3. Cheque totalling RS 10,200 deposited with the bank have not yet been collected and a cheque for RS 4,000 has been dishonored
  4. 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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T.S. Grewals Double Entry Book Keeping - Question No 19 Chapter No 12 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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