Question No 37 Chapter No 12 – T.S. Grewal 11 Class

Question No 37 Chapter No 12

Question No 37 Chapter No 12

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

  1. Bank overdraft as per cash book Rs 80,000
  2. Cheque deposited as per the bank statement but not entered in cash book Rs 3,000
  3. Cheque recorded for collection but not sent to the bank Rs 10,000
  4. Credit side of bank column cast short Rs 1,000
  5. Bank charges recorded twice in cash book Rs 100
  6. Customer’s cheque returned as per bank statement Rs 4,000
  7. Cheque issued but dishonoured on technical grounds Rs 3,000
  8. Bills collected by the bank directly Rs 20,0000
  9. 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

 

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 37 Chapter No 12 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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