Question No 31 Chapter No 12
31. Prepare bank reconciliation statement from the following particulars and show balance as per cash book:
- Balance as per cash book on 31st March 2018 overdrawn Rs 10,000
- The cheque is drawn in the last week of March 2018 but not cleared till 3rd April 2018 Rs 20,000
- Interest on bank overdraft not entered in cash book Rs 1,500
- Cheque of Rs 20,000 deposited in the bank in March 2018 but not collected and credited till 3rd April 2018
- Rs 100 Insurance premium paid by the bank under a standing order has been entered in the cash book
- A draft of Rs 10,000 favouring Atul & co., was issued by the bank charging commission of Rs 200. however, in cash book enter was passed by Rs 10,000
The solution of Question No 31 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Overdraft as per Pass Book(Cr) | 10,000 | |
| Cheque issued but not yet presented for payment | 20,000 | |
| Interest on overdraft not entered in the cash book | 1,500 | |
| Cheque deposited in the bank but not collected by bank | 20,000 | |
| The insurance premium paid by the bank under standing order | 100 | |
| Commission on drafting a note did not enter in the cash book | 200 | |
| Balance as per Cash Book | 8,200 | |
| 30,000 | 30,000 | |
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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