Question No 34 Chapter No 12
34. From the following information supplied by Sanjay, prepare his bank Reconciliation Statement as on 31St March,2018.\
- Debit balance is shown by passbook Rs 17,800
- Cheque of Rs 21,600 was issued in the last week of March but cheque of Rs 14,800 was presented for payment
- Cheque of Rs 10,750 was presented to the bank. Out of them, a cheque of Rs 4,200 was credited in the first week of April 2018
- A cheque of Rs 1,200 was debited in the cash book but was not presented in the bank.
- An insurance premium paid by the bank Rs 1,450
- A bill of exchange of Rs 6,200 which discounted with the same was dishonoured but no entry was made in the cash book
- Bank charges, charges by the bank Rs 350
The solution of Question No 34 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Overdraft as per Pass Book(Cr) | 17,800 | |
| Cheque issued but not presented for payment | 6,800 | |
| Cheque deposited into the bank but not yet credited by the bank | 4,200 | |
| Cheque recorded in the cash book but not sent for collection | 1,200 | |
| The insurance premium paid by bank | 1,450 | |
| Dishonoured of the bill and noting charges paid by the bank | 6,200 | |
| Bank charges charged by the bank | 350 | |
| Balance as per Cash Book | 11,200 | |
| 24,600 | 24,600 | |
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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