Question No 6 Chapter No 12
6. Cash Book of merchant showed a bank balance of Rs 23,000 on 31st March 2018. Ongoing through the Cash Book, It was found that two cheques for a cheque for Rs 5,000 and Rs 7,000 deposited in the Month of March were not credited in the Pass Book till 2nd April 2018 and three cheques for Rs 6,000 Rs 8,000 and Rs 12,000 issued on 28th March, were not presented for payment till 3rd April 2018. In addition to this, the bank had credited merchant for Rs 125 as interest and had debited him for Rs 100 as Bank charged merchant for Rs 125 as interest and had debited him for Rs 100 and bank for which entries in cash book were not recorded. Bank charges of Rs 500 were reversed by the bank :
Prepare Bank Reconciliation Statement on 31St March 2018.
The solution of Question No 6 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Balance as per Cash Book(Dr) | 23,000 | |
| 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. | 125 | |
| Bank charges not entered in Cash Book. | 100 | |
| Bank charged reversed by Bank. | 500 | |
| Balance as per Pass Book | 37,525 | |
| 49,625 | 49,625 | |
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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