Question No 31 Chapter No 11

Question No 31 Chapter No 11

31. On Checking Ram’s Cash Book with the bank statement of his overdraft current account for the month of November 2019, you find the following:
(a) Cash Book showed an overdraft of 16,200.
(b) The payment side of the Cash Book had been undercast by 500.
(c) A cheque for 13,600 drawn on his saving deposit account has been wrongly recorded as drawn on current account in the Cash Book.
(d) Cheques amounting to 18,800 drawn and entered in the Cash Book had not been presented.
(e) Cheques amounting to 7,500 sent to the bank for collection though entered in the Cash Book, had not been credited by the bank.
(f) Bank charge of 150 as per bank statement of account had not been taken in the Cash Book.
(g) Dividend of the amount of 420 had been paid direct to the bank and not entered in the Cash Book.
You are requested to arrive at the balance as it would appear in the bank statement as on 30th November 2019.

The solution of Question No 31 Chapter No 11: –

Bank Reconciliation Statement
ParticularPlus Items (Rs)
Minus Items(Rs)
Credit Balance (Overdraft) as per Cash Book 16,200
Add: (b) Cheque drawn on Saving A/c recorded as drawn on Current A/c13,600 
(c) Cheque issued but not presented18,800 
(f) Dividend collected by Bank420 
Less: (a) Payment side of Cash Book undercast 500
(d) Cheque deposited but not credited 7,500
(e) Bank charges 150
Debit Balance as per Pass Book 8,470
 32,82032,820

Bank Reconciliation Statement | Process | Illustration |

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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

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