Question No 28 Chapter No 12
28. From the following particular, you are required to ascertain the bank balance as would appear in the cash book of Ramesh as on31st October 2017
- Bank passbook showed an overdraft of Rs 16,500 on 31st October.
- Interest of Rs 1,250 on overdraft up t 31st October 2017 has been debited in the bank passbook but it has been entered in the cash book
- Bank charges debited in the bank passbook amounting to Rs 35
- Cheque issued prior to 31 October 2017 but not presented till that date, amounting to Rs 11,500
- Cheque paid into the bank before 31 October, but not collected and credited up to that date were for Rs 2,500
- Interest on investment collected by the bankers and collected in the bank passbook amounting to Rs 1,800
The solution of Question No 28 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Overdraft as per Pass Book(Cr) | 16,500 | |
| Interest on overdraft did not enter in the cash book | 1,250 | |
| Bank charges did not enter in cash book | 35 | |
| Cheque issued but not yet presented for payment | 11,500 | |
| Cheque deposited into a bank but not yet credited by the bank | 2,500 | |
| Interest on investment did not enter in the cash book | 1,800 | |
| Balance as per Cash Book | 26,015 | |
| 29,800 | 29,800 | |
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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