Question No 6 Chapter No 12 – T.S. Grewal 11 Class

Question No 6 Chapter No 12

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 |

 

Thanks, Please Like and share with your friends  

Comment if you have any question.

Also, Check out the solved question of previous Chapters: –

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewals Double Entry Book Keeping - Question No 6 Chapter No 12 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.