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Question No 8 Chapter No 12 – T.S. Grewal 11 Class

Question No 8 Chapter No 12
Question No.8 - Chapter No.12 - T.S. Grewal +1 Book 2019-Solution-min-min

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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:

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  1. Cheque issued but not yet presented for payment Rs 6,000
  2. Cheque deposited in the bank but not collected Rs 9,000
  3. Bank paid insurance premium Rs 5,000
  4. Bank charges Rs 300
  5. Directly deposited by a customer Rs 8,000
  6. Interest on investment collected by Bank Rs 2,000
  7. 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
ParticularPlus 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 Bank8,000 
Interest on investment2,000 
Cash discount 200
Balance as per Pass Book  14,000
 28,50028,500

To understand more about cash book please check out following links: –

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Bank Reconciliation Statement | Process | Illustration |

 

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T.S. Grewal's Double Entry Book Keeping

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T.S. Grewal’s Double Entry Book Keeping

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