Question No 9 Chapter No 12
9. From the following particular, prepare Bank Reconciliation Statement as on 31st December:
- Debit Balance as per Cash Book
- A cheque for Rs 500 issued in favour of Karan has not been presented for payment.
- A bill for Rs 700 retired by the bank under a rebate of Rs 20 the full amount of bill was credited in cash Book
- A cheque for Rs 295 deposited in the bank has been dishonoured
- A sum of Rs 800 deposited in the bank has been credited as Rs 80 in the passbook
- The payment side of the passbook has been undercast by Rs 200
- A bill receivable for Rs 1,000(discounted with the bank November 2008) dishonoured on 31st December
Prepare Bank Reconciliation Statement.
The solution of Question No 9 Chapter No 12: –
| Bank Reconciliation Statement | ||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Balance as per Cash Book(Dr) | 10,000 | |
| Cheque issued but yet presented for payment. | 500 | |
| Bill rebated by the Bank. | 20 | |
| Cheque dishonoured by the bank | 295 | |
| Cheque deposited into the bank of Rs800 but the bank only credit Rs 80 | 720 | |
| Cashbook undercast | 200 | |
| Bill reconcile dishonoured on the 31st December | 1,000 | |
| Balance as per Pass Book | 8,305 | |
| 10,520 | 10,520 | |
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: –
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- 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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T.S. Grewal’s Double Entry Book Keeping