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Question No 37 Chapter No 12
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37. From the following particular, find out corrected bank balance as per cash book and thereafter prepare a Bank Reconciliation Statement as on 31st March 2018 of sole proprietor
- Bank overdraft as per cash book Rs 80,000
- Cheque deposited as per the bank statement but not entered in cash book Rs 3,000
- Cheque recorded for collection but not sent to the bank Rs 10,000
- Credit side of bank column cast short Rs 1,000
- Bank charges recorded twice in cash book Rs 100
- Customer’s cheque returned as per bank statement Rs 4,000
- Cheque issued but dishonoured on technical grounds Rs 3,000
- Bills collected by the bank directly Rs 20,0000
- Cheque received entered twice in cash book Rs 5,000
The solution of Question No 37 Chapter No 12: –
| Dr. | Cashbook adjustment | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2018 | 2018 | ||||||
| Cheque omitted to enter | 3,000 | By balance b/f(overdraft) | 80,000 | ||||
| Bill collection | 20,000 | By adjustment of undercast | 1,000 | ||||
| Bank charges | 100 | Cheque returned | 4,000 | ||||
| Cheque recorded twice | 5,000 | ||||||
| To Balance C/d | 66,900 | ||||||
| 90,000 | 90,000 | ||||||
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) | Minus Items (Rs) |
| Overdraft balance(adjusted) as per Cash Book(Dr) | 66,900 | |
| Cheque recorded for collection but not sent to the bank | 10,000 | |
| Cheque issued but not cleared due to technical grounds | 3,000 | |
| Balance as per pass Book | 73,900 | |
| 76,900 | 76,900 | |
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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: –
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- 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
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T.S. Grewal’s Double Entry Book Keeping