Question No 5 Chapter No 12
5. On 31st March 2018 Cash Book of Mahesh Showed debit bank balance of Rs 75,000. When two compared with the Bank Statement, following facts Were Discovered. On 31st March, two cheques of Rs 5,000 and Rs 7,000 were deposited in the Bank but were not realized till date. On 28th March, three cheque of Rs 6,000 Rs 8,000 and Rs 12,000 were issued but none of these was presented to the Bank for payment .on 31st March, bank credit Rs 1,250 as interest but this was not recorded in Cash Book Bank paid an insurance premium of Rs 5,000 but it was recorded as Rs 500 in Cash Book :
Prepare Bank Reconciliation Statement on 31St March 2018.
The solution of Question No 5 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Balance as per Cash Book(Dr) | 75,000 | |
| Cheque Deposited but not collected by Bank. | 12,000 | |
| Cheque issued but not yet Credited by the bank. | 26,000 | |
| Interest not entered in Cash Book. | 1,250 | |
| Bank charges not entered in Cash Book. | 150 | |
| Insurance premium not entered in Cash Book. | 4,500 | |
| Balance as per Pass Book | 85,600 | |
| 1,02,250 | 1,02,250 | |
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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