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Question No 43 Chapter No 11
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43. From the following particular, prepare a Bank Reconciliation Statement as of 31st March 2020:
(i)Bank balance as per cash book 40,000
(ii)A cheque for 8,000 received from a customer on 28th March 2020 was recorded in the cash book but deposited with the bank after 31st March 2020
(iii) A cheque for 2,500 issued to the supplier was recorded twice in the cash book
(iv) A cheque for 1,050 issued to a supplier was recorded as for 1,500 in the cash book
(v) A cheque for 2,050 issued to a supplier was recorded as for 1,500 in the cash book
(vi) The debit balance of 16,000 on a day was brought forward on the next day as accredit balance
(vii) The payment side of the bank column of the cash book was undercast by 10,000
The solution of Question No 43 Chapter No 11: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) | Minus Items(Rs) |
| Debit Balance as per Cash Book | 40,000 | |
| Add: (iv)cheque for 1,050 recorded as 1,500 | 450 | |
| (iii)Cheque entered twice in the book | 2,500 | |
| (vi) Balance of debit balance entered as the credit balance | 32,000 | |
| Less: (ii)withdrew from the bank of (7,000 – 9,000) | 8,000 | |
| (iv) Cheque but presented for payment | 50 | |
| (v) Amount carried forward was wrong | 10,000 | |
| Credit Balance as per Pass Book | 24,000 | |
| 77,600 | 77,600 | |
Bank Reconciliation Statement | Process | Illustration |
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Also, Check out the solved question of all Chapters: –
D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution
- Chapter 1 Evolution of Accounting & Basic Accounting Terms
- Chapter 2 Accounting Equations
- Chapter 3 Meaning and Objectives of Accounting
- Chapter 4 Double Entry System
- Chapter 5 Books of Original Entry – Journal
- Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
- Chapter 7 Books of Original Entry – Cash Book (Coming soon)
- Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
- Chapter 9 Ledger (Coming soon)
- Chapter 10 Trial Balance and Errors (Coming soon)
- Chapter 11 Bank Reconciliation Statement (Coming soon)
- Chapter 12 Depreciation (Coming soon)
- Chapter 13 Bills of Exchange (Coming soon)
- Chapter 14 Generally Accepted Accounting Principles(GAAP)
- Chapter 15 Bases of Accounting
- Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
- Chapter 17 Capital and Revenue
- Chapter 18 Provisions and Reserves
- Chapter 19 Final Accounts (Coming soon)
- Chapter 20 Final Accounts – With Adjustments (Coming soon)
- Chapter 21 Errors and their Rectification (Coming soon)
- Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
- Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
- Chapter 24 Computerised Accounting System (Coming soon)
- Chapter 25 Introduction to Accounting Information System (Coming soon)
Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.
