Question No 26 Chapter No 12
26. On checking the bank passbook it was found that it showed an overdraft of Rs5,220 as on 31st March 2018, while as per ledger it was different. The following differences were noted:
- Cheque deposited but not yet credited by the bank Rs 6,000
- Cheque dishonoured and debited by the bank but not given effect to it the ledger Rs 800.
- Bank charges debited by the bank buy Debit Memo not received from the bank Rs 50
- Interest on overdraft excess credited in the Ledger Rs 200
- Wrongly credited by the bank to account, deposited of same other party Rs 900
- Cheque issued but not presented for payment Rs 400
The solution of Question No 26 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Overdraft as per Pass Book(Cr) | 5,220 | |
| Cheque deposited into the bank but not yet credited by the bank | 6,000 | |
| Cheque deposited into the bank but not yet credited by the bank | 800 | |
| Bank charges did not appear in the cash book | 50 | |
| Interest on overdraft did not enter in the cash book | 200 | |
| Wrongly credited bank account for some other party | 900 | |
| Cheque issued but not yet credited by the bank | 400 | |
| Balance as per Cash Book | 130 | |
| 6,850 | 6,850 | |
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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