Page 87 - DEBK-XI(2020)

12.8 Double Entry Book Keeping — CBSE XI

7. From the following information supplied by Deep, prepare his Bank Reconciliation
Statement as on 31st March, 2019: `
(i) Bank overdraft as per Pass Book. 3,30,000
(ii) Cheques issued but not presented for payment. 1,75,000
(iii) Cheques deposited but not collected. 2,10,000
(iv) Cheques recorded in the Cash Book but not sent to the bank for collection. 40,000
(v) Payments received from customers directly by the bank. 70,000
(vi) Bank charges debited in Pass Book. 400
(vii) Premium of Life Insurance policy of Deep paid by bank on standing instructions. 3,600
(viii) A bill for ` 60,000 dishonoured on 30th March, 2019 and bank paid Noting Charges 200
This bill was discounted on 30th January, 2019.
[Overdraft as per Cash Book—` 2,60,800.]
8. What is Bank Reconciliation Statement? Prepare such a statement on 31st March, 2019
from the following particulars:
(i) Abhay’s overdraft as per Pass Book ` 12,000 as on 31st March.
(ii) On 30th March, cheques had been issued for ` 70,000 of which cheques worth ` 3,000
only had been encashed up to 31st March.
(iii) Cheques amounting to ` 3,500 had been paid into the bank for collection but of these
only ` 500 had been credited in the Pass Book.
(iv) The bank has charged ` 500 as interest on overdraft and the intimation of which has
been received on 2nd April, 2019.
(v) The Bank Pass Book shows credit for ` 1,000 representing ` 400 paid by debtor of
Abhay directly into the bank and ` 600 collected direct by bank in respect of interest
on Abhay’s investment. Abhay had no knowledge of these items.
(vi) A cheque for ` 200 has been debited in bank column of Cash Book by Abhay, but it was
not sent to bank at all.
[Overdraft as per Cash Book—` 76,300.]