Question No 24 Chapter No 12
24. On 31st March 2018 Bank passbook of Naresh & co., showed an overdraft of Rs 10,700. From the following particulars prepare Bank Reconciliation Statement:
- Cheque issued into the bank but presented for payment after that date amounting to Rs900
- Cheque paid into bank but not collected and credited until 31st March 2018 amounting to Rs 2,200
- Interest on overdraft amounting to Rs 1,200 did not appear in the cash book .
- Rs 5,000 being interest on investments collected by bank and credited in passbook were not shown in the cash book
- Bank charges of RS 50 were not entered in the cash book
- Rs800 in respect of dishonoured cheque was entered in the passbook but not entered in the cash book
The solution of Question No 24 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Overdraft as per Pass Book(Cr) | 10,700 | |
| Cheque issued but not yet presented for payment | 900 | |
| Cheque deposited into the bank but not yet credited by the bank | 2,200 | |
| Interest on overdraft did not appear in the cash book | 1,200 | |
| Interest on investment did not appear in the cash book | 5,000 | |
| Bank charges did not appear in the cash book | 50 | |
| Cheque dishonoured but not entered in the cash book | 800 | |
| Balance as per Cash Book | 12,350 | |
| 16,600 | 16,600 | |
To understand more about cash book please check out following links: –
Bank Reconciliation Statement | Process | Illustration |
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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
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