Question No 21 Chapter No 11 – D.K Goal 11 Class

Question No 21 Chapter No 11

Question No 21 Chapter No 11

21. On 31st March 2018, Pass Book showed a balance of 25,000. Prepare a Bank Reconciliation Statement from the following particulars:
(i) Cheques of 20,000 were deposited in Bank on 27th March 2017, out of which cheques of 5,000 were cleared on 1st April 2018. Rest are not cleared.
(ii) On 28th March 2017, cheques were issued amounting to 15,000, out of which cheques of 3,000 were presented in March, 4,000 on 2nd April, and the rest were not presented.
(iii) Cheques of 10,000 were deposited in Bank on 28th March 2018, out of which cheques of 4,000 were cleared on 2nd April 2018, and the rest are dishonored.
(iv) Interest on investment collected by the bank does not appear in the Cash Book 800.
(v) A B/R of 9,000 previously discounted from the bank was dishonoured on 30th March 2017 but no intimation was received from the bank till 31st March.
(vi) Bank has debited 1,500 and credited 1,200 in our account

The solution of Question No 21 Chapter No 11: –

Bank Reconciliation Statement
Particular Plus Items
(Rs)
Minus Items
(Rs)
Credit Balance as per Pass Book 22,000  
Add: (i) Cheque deposited into Bank but not credited 20,000  
(iii) Cheque deposited but not collected by Bank 10,000  
(v) Bills Receivable discounted with bank dishonoured 9,000  
(vi) Bank debited our account 1,500  
Less: (ii) Cheque issued but not presented for payment (15,000 – 3,000)   12,000
(iv) Interest on Investment collected by Bank   800
(vi) Bank credited our account   1,200
Debit Balance (Overdraft) as per Cash Book   51,500
  65,500 65,500

Bank Reconciliation Statement | Process | Illustration |

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