Question No 5 Chapter No 12 – T.S. Grewal 11 Class

Question No 5 Chapter No 12

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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T.S. Grewals Double Entry Book Keeping - Question No 5 Chapter No 12 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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