Question No 21 Chapter No 12
21. From the following particulars of trades, prepare a Bank Reconciliation Statement as on 31st March 2018:
- Bank overdraft as per cash book Rs 52,100
- During the month, the total amount of cheque for Rs 94,400 was deposited into the bank but of these, one cheque for Rs 11,160 has been entered into the passbook on 5th April.
- During the month, a cheque for Rs 89,580 was in favour of creditors. Of them, one creditor for Rs 38,580 uncashed his cheque on 7th April whereas another for Rs 4,320 have not yet been uncashed.
- As per instructions, the bank on 28th March paid out Rs 10,500 to creditors but by mistake, the same has been entered in the c ash book.
- According to the agreement, on 25t March a debtor deposited directly into the bank Rs 9,000 but the same has not been recorded in the cash book
- In the month of, the bank withdraw any intimation, debited hid account for Rs 120 as bank charges and credited the same for Rs 180 as interest
- A cash deposit of Rs 5,780 in the bank was recorded as Rs 7,580 the error was rectified by the bank before 31st March 2018
The solution of Question No 21 Chapter No 12: –
|Bank Reconciliation Statement|
|Overdraft as per Cash Book(Cr)||52,100|
|Cheque deposited into the bank but not yet presented for payment||11,160|
|Cheque issued but not yet presented for payment||42,900|
|Bank paid to the creditor but not entered in the cash book||10,500|
|The debtor paid directly into the bank but not been recorded in the cash book||9,000|
|Interest and bank charges charged by the bank||180||120|
|Balance as per Cash Book||21,800|
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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