Question No 31 Chapter No 12 – T.S. Grewal 11 Class

Question No 31 Chapter No 12

Question No 31 Chapter No 12

31. Prepare bank reconciliation statement from the following particulars and show balance as per cash book:

  1. Balance as per cash book on 31st March 2018 overdrawn Rs 10,000
  2. The cheque is drawn in the last week of March 2018 but not cleared till 3rd April 2018 Rs 20,000
  3. Interest on bank overdraft not entered in cash book Rs 1,500
  4. Cheque of Rs 20,000 deposited in the bank in March 2018 but not collected and credited till 3rd April 2018
  5. Rs 100 Insurance premium paid by the bank under a standing order has been entered in the cash book
  6. 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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T.S. Grewals Double Entry Book Keeping - Question No 31 Chapter No 12 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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