Question No 25 Chapter No 11 – D.K Goal 11 Class

Question No 25 Chapter No 11

Question No 25 Chapter No 11

25. The Cash Book of a merchant showed an overdraft balance of 15,700 on 31st December 2018. On comparing it with the Pass Book, the following differences were noted:
(i) Cheques amounting to 12,250 were deposited into the bank, out of which cheques for 8,200 have been credited in the Pass Book on 2nd January, 2019.
(ii) Cheques were issued amounting to 8,300 of which cheques for 2,000 have been cashed upto 31st Dec.
(iii) A cheque of 4,250 issued to a creditor, has been entered in the Cash Book as 4,520.
(iv) Bank charges of 180 on 30th November 2018 and 240 on 30th December 2018 have not been entered in the Cash Book.
(v) A B/R for 6,000 discounted with the bank is entered in the Cash Book without recording the discount charges of 300.
(vi) A cheque for 2,000 deposited into the bank appear in the Pass Book, but not recorded in the Cash Book.
(vii) A cheque for 3,700 deposited into the bank appear in the Pass Book, was recorded in the cash column of the Cash book.
You are required:
(i) to make appropriate adjustments in the cash book, bringing down the correct balance, and
(ii) to prepare a bank reconciliation statement with the adjusted balance.

The solution of Question No 25 Chapter No 11: –

Dr. Adjusted Cash Book (Bank Column only) as of March 31, 2019
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
(iii) To Cheque issued overcasted
(4,520 – 4,250)
  12,580   By Balance b/d   15,700
(v) To Cheques deposited undercasted (12,720 – 12,270)   450 (vii) By Bank Charges A/c
(180 + 240)
(iii) Customer’s A/c (cheque not recorded in bank column)   5,000 (vii) By Discounting charges A/c (not recorded)   300
  To Balance c/d   10,450        
      16,420       16,420
Bank Reconciliation Statement
Particular Plus Items (Rs)
Minus Items(Rs)
Credit Balance (Overdraft) as per Amended Cash Book   10,450
Add: (ii) Cheques issued but not presented (8,300 – 2,000) 6,300  
Less: (ii) Cheque deposited but not credited   8,200
Debit Balance(overdraft) as per Pass Book 12,350  
  18,650 18,650

Bank Reconciliation Statement | Process | Illustration |

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