Question No 34 Chapter No 12 – T.S. Grewal 11 Class

Question No 34 Chapter No 12

Question No 34 Chapter No 12

34. From the following information supplied by Sanjay, prepare his bank Reconciliation Statement as on 31St March,2018.\

  1. Debit balance is shown by passbook Rs 17,800
  2. Cheque of Rs 21,600 was issued in the last week of March but cheque of Rs 14,800 was presented for payment
  3. 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
  4. A cheque of Rs 1,200 was debited in the cash book but was not presented in the bank.
  5. An insurance premium paid by the bank Rs 1,450
  6. A bill of exchange of Rs 6,200 which discounted with the same was dishonoured but no entry was made in the cash book
  7. 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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T.S. Grewals Double Entry Book Keeping - Question No 34 Chapter No 12 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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