Question No 27 Chapter No 12
27. Prepare Bank Reconciliation Statement from the following particular as on 31st March 2018 when passbook shows debit balance of Rs 2,500
- Cheque issued for Rs 5,000 but up to 31st March 2018 only Rs 3,000 could be cleared.
- Cheque deposited for Rs 5,500 but cheque of Rs500 was collected on 10 April 2018.
- A discounted Bill of Exchange dishonoured Rs 2,000.
- A cheque of Rs 300 debited in the cash book but omitted to e banked
- Interest allowed by bank Rs 400 but no enter was passed in the cash book
The solution of Question No 27 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Overdraft as per Pass Book(Cr) | 2,500 | |
| Cheque issued but not yet pretested for payment | 2,000 | |
| Cheque deposited into the bank but not yet credited by the bank | 500 | |
| Bill discounted was dishonoured but entered in the cash book | 2,000 | |
| Cheque entered in the cash book but omitted by bank | 300 | |
| Interest allowed by the bank not entered in the cash book | 400 | |
| Balance as per Cash Book | 2,100 | |
| 4,900 | 4,900 | |
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
Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication
T.S. Grewal’s Double Entry Book Keeping
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