Question No 48 Chapter No 11

Question No 48 Chapter No 11 – D K Goal

48. While comparing the cash book of Mayank with bank passbook on 30th September 2018 you find the following
The bank passbook showed a debit balance of 15,000

  1. Bank p[aid insurance premium 2,000 but it was recorded as 200 only cash book
  2. Cheque issued in favour of Suppliers in September 2018 amounted to 55,000 but cheque for 50,000 only was presented for payment upto30th September 2018
  3. Direct deposited in Mayank’s Bank account by a customer on 25th September 2018 had not been recorded in the cash book
  4. Divided collected by the bank, but not recorded in cash book 1,000
  5. Bank charged 300 for its services, but they yet to be recorded in the cash book
  6. A cheque amounting to 78,000 were deposited with the bank in the last week of September 2018 but the cheque for 51,000 only had been cleared before 1st October 2018.

Prepare the bank reconciliation statement ascertaining bank balance/overdraft as per cash book

The solution of Question No 48 Chapter No 11 – D K Goal: –

Bank Reconciliation Statement
ParticularPlus Items (Rs)
Minus Items(Rs)
Balance as per Pass Book (Overdraft)15,000 
Add: (iii)Cheque issued but not presented for payment5,000 
(iv) Directly deposited by a customer in a bank account10,000 
(v) Dividend Collected by the bank not entered in the cash book1,000 
Less: (i) Bank paid an insurance premium of 2,000 entered as 200 1,800
(vi)Bank Charges did not enter in the cash book 300
(vii) Cheque deposited into a bank but did not clear 27,000
Overdraft Balance as per Cash Book 1,900
 31,00031,000

Bank Reconciliation Statement | Process | Illustration |

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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

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ISC Accounts 11 20 Image min 197x300 - Question No 48 Chapter No 11 - DK Goal 11 Class
D K Goel accountancy +1 – ISC_Accounts_11_20_ImageQuestion No 42 Chapter No 11 – D.K Goal 11 Class

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