Question No 24 Chapter No 12 - USHA Publication 11 Class

Question No 24 Chapter No 12

Table of Contents

The solution of Question No 24 Chapter No 12:-

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

When cash book and Passbook of Same period is given

24. From the following entries in the bank column of the cash book of M/s Tall and Short and the corresponding bank book, you passbook you are required to prepare a bank reconciliation statement as on 31st January 2018

Pass Book
Date	Particular	Withdrawals	Deposits	Dr/Cr	Balance
2018		Rs	Rs		Rs
Jan.2	By cash	–	4,000	Cr.	4,000
Jan.4	To Furniture dealers Ltd	600	–	Cr	3,400
Jan.4	To Das and Co.	1,250	–	Cr	2,150
Jan.10	By J.Johan & Co’s Cheque	–	350	Cr	2,500
Jan.12	To Ray and James	1,000	–	Cr	1,500
Jan.15	By B.Bhu & Co.’s Cheque	–	760	Cr	2,260
Jan.16	By cash	–	300	Cr	2,560
Jan.20	To cash	500	–	Cr	2,060
Jan.26	By J Rai & cros cheque	–	430	Cr	2,490
Jan.31	To Premium paid as per standing instructions	250	–	Cr	2,240
Jan.31	To bank charges	10	–	Cr	2,230
Jan.31	By interest collected on Government Securities	–	200	Cr	2,430

Cash Book(Bank Column only)
Date	Particular	Amount	Date	Particular	Amount
2018		Rs	2018		Rs
Jan.2	To cash	4,000	Jan.2	By Furniture dealers Ltd	600
Jan.8	To Johnson & Co.	350	Jan.2	By Ray & James	1,000
Jan.10	To B.Babu & Co.	760	Jan.4	By das & Co.	1,250
Jan.16	To cash	300	Jan.17	By K. Nagpal & Co.	730
Jan.20	To J. Rai & Bros	430	Jan.20	Bu cash	500
Jan.22	To M. Mohan & Co.	1,050	Jan.25	Bu B Babu & Co.	780
Jan.31	To N.Namdy & Sons	340	Jan.31	By balance c/d	2,370
		7,320			7,320

The solution of Question No 24 Chapter No 12:-

Bank Reconciliation Statement
Particular	(Rs)	(Rs)
Balance as per Cash Book		2,370
Add: cheque issued but not presented for payment
K. Nagpal and Co.	730
B. Babu and Co.	780
Add: interest on Government securities collected by the bank not entered in the cash book	200
		1,710
		4,080
Less: cheque paid into bank but not collected
M. Mohan and Co.	1,050
N. Nandy and Sons	340
Less: premium paid by the bank as per standing instruction not entered in the cash book	250
Less: Bank charges	10
		1,650
Balance as per Pass Book		2,430