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

Question No 8 Chapter No 12

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:

  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
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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T.S. Grewals Double Entry Book Keeping - Question No 8 Chapter No 12 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping