Homework Help is Here – Start Your Trial Now!
Business
Accounting
comparison, the following items of differences were found with pass book. On 30th June 2018 the cash book of a trader shows a deposit balance of 4,800. Howev Prepare a statement to ascertain the balance as per pass book. (a) Direct payment by a customer to bank 420 (b) Interest on deposit credited by bank (c) Insurance premium paid by bank (d) Bank charges in pass book 180 80 80 Dalonce as er pasn L

comparison, the following items of differences were found with pass book. On 30th June 2018 the cash book of a trader shows a deposit balance of 4,800. Howev Prepare a statement to ascertain the balance as per pass book. (a) Direct payment by a customer to bank 420 (b) Interest on deposit credited by bank (c) Insurance premium paid by bank (d) Bank charges in pass book 180 80 80 Dalonce as er pasn L

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 18E
See similar textbooks
icon
Related questions
Question
100%
comparison, the following items of differences were found with pass book. On 30th June 2018 the cash book of a trader shows a deposit balance of ? 4,800. Howeve Prepare a statement to ascertain the balance as per pass book. From the following particulars you are required to ascertain the bank balance as would a Interest of 1,425 on overdraft upto 31st July 2019 has been debited in the bank 4. Cheques issued prior to July 31st 2019 but not presented till that date amounte 3lntiest etscovedited in the entried but not 152 3. Accountancy -I (et) Direct payment by a customer to bank 420 ehoplon (b) Interest on deposit credited by bank (c) Insurance premium paid by bank (d) Bank charges in pass book 180 80 80 (Ans: Balance as per pass book . 4. the cash book of K. Bharathan as on July 31st 2019. appe In th 1. ne bank pass book showed an overddraft of E 18.700 on July 31st 2019. 2. ing and accoun book, but it has not been entered in the cash book. one ace follows If we ta balanc of veri by pr dik charges for the said period debited in the bank pass book amount to ? 75. 10,700. S. Cheques paid into the bank before 31st July but not collected and credited uptos date were for 2,700. 0. Interest on investments collected by the bank and credited in the pass book amou to 2,050. Mea (Ans: Overdraft balance as per cash book ?27 of al of th 5. From the following particulars ascertain the balance that would appear in the bank pass book of Krishna on 31st December, 2016. 1. The Bank overdraft as per cash book on 31st December 2016, 7 6,340. 2. Interest on overdraft for 6 months ending 31st December 2016, 7 160 is entered in the pass bo Bank charges of 30 are debited in the pass book. it is is a 3. 4. Cheques issued but not cashed prior to 31st December amounted to ? 1,168. by 5. Cheques paid into bank but not cleared before 31st December, were for ? 2,170. S 6. Interest on investments collected by the bank and credited in the pass book, 7 1,200. (Ans: Overdraft as per pass book ? 6,3 My bank pass book for account A shows an overdraft of 7 6,500 on 31st March 2019. This does agree with the cash book balance. Prepare a bank reconciliation statement and show the ca book balance. 6. 1. Cheques amounting to 7 15,000 were paid into bank in March out of which it appears, only cheques amounting to ? 4,500 were credited by bank. 2. Cheques issued during March totalling ? 11,000, out of these cheques ? 3,000 were unpaid on 31st March 2019. 3. The bank has wrongly debited account A with ? 500 in respect of a cheque drawn on account B The account stands debited with { 150 for interest and with ? 30 for bank charges, but not 4. recorded in the cash book. 5. The bank has paid the annual subscription of ? 100 to the club as per standing instructions (Ans: Balance as per cash book (debit) ? 1.
Transcribed Image Text:comparison, the following items of differences were found with pass book. On 30th June 2018 the cash book of a trader shows a deposit balance of ? 4,800. Howeve Prepare a statement to ascertain the balance as per pass book. From the following particulars you are required to ascertain the bank balance as would a Interest of 1,425 on overdraft upto 31st July 2019 has been debited in the bank 4. Cheques issued prior to July 31st 2019 but not presented till that date amounte 3lntiest etscovedited in the entried but not 152 3. Accountancy -I (et) Direct payment by a customer to bank 420 ehoplon (b) Interest on deposit credited by bank (c) Insurance premium paid by bank (d) Bank charges in pass book 180 80 80 (Ans: Balance as per pass book . 4. the cash book of K. Bharathan as on July 31st 2019. appe In th 1. ne bank pass book showed an overddraft of E 18.700 on July 31st 2019. 2. ing and accoun book, but it has not been entered in the cash book. one ace follows If we ta balanc of veri by pr dik charges for the said period debited in the bank pass book amount to ? 75. 10,700. S. Cheques paid into the bank before 31st July but not collected and credited uptos date were for 2,700. 0. Interest on investments collected by the bank and credited in the pass book amou to 2,050. Mea (Ans: Overdraft balance as per cash book ?27 of al of th 5. From the following particulars ascertain the balance that would appear in the bank pass book of Krishna on 31st December, 2016. 1. The Bank overdraft as per cash book on 31st December 2016, 7 6,340. 2. Interest on overdraft for 6 months ending 31st December 2016, 7 160 is entered in the pass bo Bank charges of 30 are debited in the pass book. it is is a 3. 4. Cheques issued but not cashed prior to 31st December amounted to ? 1,168. by 5. Cheques paid into bank but not cleared before 31st December, were for ? 2,170. S 6. Interest on investments collected by the bank and credited in the pass book, 7 1,200. (Ans: Overdraft as per pass book ? 6,3 My bank pass book for account A shows an overdraft of 7 6,500 on 31st March 2019. This does agree with the cash book balance. Prepare a bank reconciliation statement and show the ca book balance. 6. 1. Cheques amounting to 7 15,000 were paid into bank in March out of which it appears, only cheques amounting to ? 4,500 were credited by bank. 2. Cheques issued during March totalling ? 11,000, out of these cheques ? 3,000 were unpaid on 31st March 2019. 3. The bank has wrongly debited account A with ? 500 in respect of a cheque drawn on account B The account stands debited with { 150 for interest and with ? 30 for bank charges, but not 4. recorded in the cash book. 5. The bank has paid the annual subscription of ? 100 to the club as per standing instructions (Ans: Balance as per cash book (debit) ? 1.
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS