Question No 38 Chapter No 12
38. From the following extracts from the cash book and passbook for the month of January 2018, prepare Bank Reconciliation Statement:
| Dr. | Cashbook adjustment | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | 2018 | ||||||
| Jan. 2 | To balance b/d | 4,510 | Jan. 2 | By S. Gidwani & Co A/c | 1,230 | ||
| Jan. 3 | To cash A/c | 300 | Jan. 6 | By wages A/c | 3,000 | ||
| Jan. 10 | To G. Basu & co., A/c | 1,000 | Jan. 14 | By Bsau & Co., A/c (Cheque dishonoured) |
1,000 |
||
| Jan. 15 | To Mohan & Co., A/c | 2,300 | Jan. 15 | By V. Kumar & Sons A/c | 300 | ||
| Jan. 17 | To Cash A/c | 600 | Jan. 18 | By S. Sharda & Sons A/c | 470 | ||
| Jan. 20 | To M. Mohan & Bros. A/c | 1,550 | Jan. 24 | By Cash A/c | 400 | ||
| Jan. 24 | To T.P. Bhalla & Co., A/c | 740 | Jan. 28 |
By R. Ramadas & Co., A/c | 780 | ||
| Jan. 31 | To S. Leader & sons A/c | 2,310 | Jan. 28 |
By B. Bansal & bros. A/c | 340 | ||
| Jan. 31 | By Balance C/d | 5,610 | |||||
| 19040 | 19040 | ||||||
| Dr. | PASSBOOK | Cr. | |||
| Date | Particulars |
Withdrawals Rs | Deposits Rs |
Dr. Or Cr. | Balance |
| Jan. 1 | By Balance | Cr. | 4,510 | ||
| Jan. 3 | By cash | 300 | Cr. | 4,810 | |
| Jan. 6 | To Selves- cash | 3,000 | Cr. | 1,810 | |
| Jan. 10 | To S. Gidwani & co | 1,230 | Cr. | 580 | |
| Jan. 16 | To Mohan & Co., | 2,300 | Cr. | 2,880 | |
| Jan. 17 | To Cash | 600 | Cr. | 3,480 | |
| Jan. 20 | To S. Sharda & Sons | 470 | Cr | 3,010 | |
| Jan. 24 | To Cash | 400 | Cr | 2,610 | |
| Jan. 31 | To Bank Charges | 10 | Cr | 2,600 | |
| Jan. 31 | To Life insurance premium as per instruction s | 250 | Cr | 2,350 | |
| Jan. 31 | By interest on Government securities | 300 | Cr | 2,650 | |
The solution of Question No 38 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Balance as per Cash Book(Dr) | 5,610 | |
| Cheque of T.P Bhalla & C., and S leader & sons of Rs 1,550, Rs 740 and Rs 2,130 dis not Benn cleared | 4,420 | |
| Cheque issued to V. Kumar, R. Ramdas Co., and B. Bansal did receive for payment of Rs 300, Rs 780 and Rs 340 | 1,420 | |
| Bank charges did not enter in the cash book | 10 | |
| A life insurance premium paid by bank did not enter in the cash book | 250 | |
| Interest on government securities did not enter in the cash book | 300 | |
| Balance as per pass Book | 2,650 | |
| 7,330 | 7,330 | |
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
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