Question No 40 Chapter No 11 – D.K Goal 11 Class

Question No 40 Chapter No 11

Question No 40 Chapter No 11

Free Accounting book Solution - Class 11 and Class 12

40.The following information relate to the business of Mohit Raina, who requests you to prepare his amended Cash Book and reconcile his Cash Book balance with his Pass Book balance:

Balance as per Cash Book (Cr.)  40,000
Unpresented cheques 72,000
Uncredited cheques 13,000

You have been given the following additional information: (a) The debit side of the Cash Book (Bank Column) has been undercast by 25,000. (b) A cheque for 10,000 paid to a creditor has been wrongly entered in the Cash Column.
(c) Bank commission and other charges 4,000 have not been recorded in the Cash Book.

The solution of Question No 40 Chapter No 11: –

Dr. Adjusted Cash Book (Bank Column only) as on March 31, 2019
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
  Debit side undercasted   25,000   Balance b/d   40,000
        (b) Supplier A/c (Cheque issued not recorded)   10,000
        (c) Commission   40,000
  To Balance c/d   29,000        
      54,000       54,000
Bank Reconciliation Statement
Particular Plus Items (Rs)
Minus Items(Rs)
Credit Balance (Overdraft) as per Amended Cash Book   29,000
Add: Unpresented Cheques 72,000  
Less: Uncredited Cheques   13,000
Credit Balance as per Pass Book   30,000
  72,000 72,000

Bank Reconciliation Statement | Process | Illustration |

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