Question No 21 Chapter No 12
21. From the following particular of Soraya Sikandar, prepare a Bank Reconciliation Statement as on March 31, 2019:
- Balance as per cash book Rs 15,500
- Cheque totalling Rs 7,000 were issued and entered in cash column of the cash book
- Discount allowed to customer Rs 400 entered in the bank column of the cash book
- A cheque of Rs 470 issued to a manager entered by error Rs407 in the cash book
- Cheque totalling Rs 3,200 paid into the bank and entered in cash book with Rs 320.teh cheque were duly collected and creditor by bank
- A cheque of Rs 1,220 issued to Supplier wrongly debit in the cash book
- Receipt side of cash book overcast by Rs 100
The solution of Question No 21 Chapter No 12:-
| Bank Reconciliation Statement | ||
| Particular | (Rs) |
(Rs) |
| Balance as per Cash Book (Dr.) | 15,500 | |
| Add: Cheque issued Rs 3,200 wrongly recorded in cash book 320 | 2,880 | |
| 2,880 | ||
| 18,380 | ||
| Less: cheque issued wrongly credit in cash column | 7,000 | |
| Less: discount allowed entered in cash column | 400 | |
| Less: cheque of Rs 470 issued but recorded as Rs 407 in cash book | 63 | |
| Less: cheque issued wrongly debited in cash book | 2,440 | |
| Less: receipt side of cash book overcast | 100 | 10,003 |
| Balance as per Pass Book (Cr.) | 8,377 | |
Bank Reconciliation Statement | Process | Illustration |
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
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Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
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Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)