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

Question No 19 Chapter No 12
Question No.19 - Chapter No.12 - T.S. Grewal +1 Book 2019-Solution-min-min

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Question No 19 Chapter No 12

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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
ParticularPlus Items
(Rs)
Minus Items
(Rs)
Overdraft as per Cash Book(Cr) 40,500
Cheque issued but not yet presented for payment5,000 
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 book150 
Balance as per Cash Book 50,450 
 55,60055,600

To understand more about cash book please check out following links: –

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Bank Reconciliation Statement | Process | Illustration |

 

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T.S. Grewal's Double Entry Book Keeping

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T.S. Grewal’s Double Entry Book Keeping

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