Question No 24 Chapter No 11

Question No 24 Chapter No 11

24. On 31st March 2019 the Cash Book of Gopal disclosed a balance of 12,580. On checking entries in the Cash Book with the bank statement, it was ascertained that:
(i) Cheques amounting to 18,000 were drawn on 25th March, of which cheques of 4,800 were cashed before 31st March.
(ii) Cheques for 18,000 were sent for collection out of which cheques for 8,200 were credit by the bank after 31st March.
(iii) An amount of 5,000 paid directly into the merchant’s account by a customer was not entered in the Cash Book.
(iv) On 31st March, cash was deposited into the bank 12,720 but the cashier debited the bank account with 12,270 by mistake.
(v) Dividend collected by bank on our behalf 570 does not appear in the Cash Book.
(vi) 300 is entered in the bank statement as bank charges. This was recorded as 200 in the cash book.
You are required:
(i) to prepare the Amended Cash Book,
and (ii) then prepare a Bank Reconciliation Statement.

The solution of Question No 24 Chapter No 11: –

Dr.Adjusted Cash Book (Bank Column only) as of March 31, 2019
 To Balance c/d 12,580(vii)By Bank Charges A/c 100
(v)To Cheques deposited undercast (12,720 – 12,270) 450    
(iii)To Customer’s A/c
(Direct deposit by customer)A/c
(vi)To Dividend A/c 570 By Balance c/d 18,500
   18,600   18,600
Bank Reconciliation Statement
ParticularPlus Items (Rs)
Minus Items(Rs)
Debit Balance as per Amended Cash Book18,500 
Add: (i) Cheque issued but not presented (18,000 – 4,800)13,200 
Less: (ii) Cheque deposited but not credited 8,200
Credit Balance as per Pass Book 23,500

Bank Reconciliation Statement | Process | Illustration |

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