Question No 8 Chapter No 12
8. Cash Book shows a balance of Rs 12,500. on comparing the cash book with the Pass Book, following discrepancies were noted:
- Cheque issued but not yet presented for payment Rs 6,000
- Cheque deposited in the bank but not collected Rs 9,000
- Bank paid insurance premium Rs 5,000
- Bank charges Rs 300
- Directly deposited by a customer Rs 8,000
- Interest on investment collected by Bank Rs 2,000
- Cash discount allowed of Rs 200 was recorded on the debit side of the Bank column.
Prepare Bank Reconciliation Statement.
The solution of Question No 8 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Balance as per Cash Book(Dr) | 12,500 | |
| Cheque issued but yet presented for payment. | 6,000 | |
| Cheque deposited but yet credit by Bank. | 9,000 | |
| Insurance premium | 5,000 | |
| Bank Charges | 300 | |
| Directly deposited into Bank | 8,000 | |
| Interest on investment | 2,000 | |
| Cash discount | 200 | |
| Balance as per Pass Book | 14,000 | |
| 28,500 | 28,500 | |
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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