Page 85 - DEBK-XI(2020)

12.6 Double Entry Book Keeping — CBSE XI

Solution: BANK RECONCILIATION STATEMENT as on 31st March, 2017

Particulars Amount Amount
Details (`) `
Balance as per Cash Book (Dr.) 8,500
Add: (i) Cheques issued but not yet presented for payment 6,000
(iii) Bill Receivable collected by Bank but not recorded in Cash Book 20,000
(ix) Amount directly deposited by a Customer 2,000
(x) Interest on debentures directly received by bank 2,500
(xi) Cheque deposited into bank not recorded in Cash Book 1,500
(xiii) Interest on bank balance 100 32,100
40,600
Less: (ii) Cheques deposited in bank but not collected 8,000
(iv) Cheque deposited in bank dishonoured but not recorded in Cash Book 1,000
(v) Payment of bill payable by bank but not recorded in Cash Book 4,500
(vi) Discounted Bill Receivable dishonoured and not entered in Cash Book 8,000
(vii) Cheque deposited credited with lower amount (` 5,100 – ` 5,010) 90
(viii) Cheque deposited but credited to wrong account 500
(xii) Insurance premium paid by bank 1,250
(xiii) Bank charges 90
(xiv) Cheque recorded in Cash Book but not deposited in Bank 250 23,680
Balance as per Pass Book (Cr.) 16,920

Unsolved Questions

1. Prepare a Bank Reconciliation Statement from the following on 31st March, 2014:
(i) Balance as per Cash Book ` 12,500.
(ii) Cheques deposited ` 4,500 but not yet credited.
(iii) Bank charges ` 50 entered twice in Cash Book.
(iv) Direct deposit by a customer into bank ` 1,500 not entered in Cash Book.
(v) Discount allowed to customers ` 120 entered in bank column of Cash Book.
(MSE Chandigarh 2015)
[Balance as per Pass Book—` 9,430.]
2. From the following particulars, prepare Bank Reconciliation Statement as on
31st December 2014:
(i) Debit balance as per Cash Book ` 10,000.
(ii) A cheque for ` 500 issued in favour of Karan has not been presented for payment.
(iii) A bill for ` 700 retired by bank on our behalf under a rebate of ` 20, the full amount of
the bill was credited in the bank column of Cash Book.
(iv) A cheque for ` 295 deposited in bank has been dishonoured.
(v) A sum of ` 800 deposited in the bank has been credited as ` 80 in the Pass Book.
(vi) Payments side of Cash Book has been undercast by ` 200. (KVS 2015)
[Balance as per Pass Book—` 9,305.]
3. From the following particulars, prepare Bank Reconciliation Statement as on 31st March, 2019:
(i) Bank balance as per Cash Book ` 25,450.
(ii) A number of cheques were deposited in the Bank but on 31st March, 2019, a cheque
for ` 500 was not credited in the Pass Book.
(iii) Several cheques aggregating ` 5,000 were issued but only cheques for ` 4,500 were
presented to Bank for payment.