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Q.1. The bank statement account no.16 of Mr. Saleem showed an overdraft of Rs. 67,150 on 31st December, 2008. Ongoing through the pass book and cash book the accountant found the following. 1. A cheque for Rs. 2,160 wrongly credited in the bank statement on 29th December, 2008 and being dishonored again debited in the bank statement on 1st January, 2009. There was no entry in cash book about the dishonor of the cheque until 15t January, 2009. 2. Interest collect and credited by the bank in the bank statement on Mr. Saleem's behalf but the same has not been recorded in his cash book Rs. 5,600. 3. Cheques of Rs. 41,000 paid into the bank for collection on 30th December, 2008. But cheques amounted Rs. 15,000 were collected on 7th January, 2009. 4. Out of cheques amounting to Rs. 15,600 drawn by him, on 27th December 2008, a cheque for Rs. 5000 was enchased on 3rd January, 2009. 5. The banker has given him wrong credit for Rs. 1000 paid in by him in another account (A/C No.17) and a wrong debit in respect of a cheque for Rs. 600 drawn on Account No.17. Prepare a bank reconciliation statement as on 31st December, 2008

Q.1. The bank statement account no.16 of Mr. Saleem showed an overdraft of Rs. 67,150 on 31st December, 2008. Ongoing through the pass book and cash book the accountant found the following. 1. A cheque for Rs. 2,160 wrongly credited in the bank statement on 29th December, 2008 and being dishonored again debited in the bank statement on 1st January, 2009. There was no entry in cash book about the dishonor of the cheque until 15t January, 2009. 2. Interest collect and credited by the bank in the bank statement on Mr. Saleem's behalf but the same has not been recorded in his cash book Rs. 5,600. 3. Cheques of Rs. 41,000 paid into the bank for collection on 30th December, 2008. But cheques amounted Rs. 15,000 were collected on 7th January, 2009. 4. Out of cheques amounting to Rs. 15,600 drawn by him, on 27th December 2008, a cheque for Rs. 5000 was enchased on 3rd January, 2009. 5. The banker has given him wrong credit for Rs. 1000 paid in by him in another account (A/C No.17) and a wrong debit in respect of a cheque for Rs. 600 drawn on Account No.17. Prepare a bank reconciliation statement as on 31st December, 2008

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
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Q.1. The bank statement account no.16 of Mr. Saleem showed an overdraft of Rs. 67,150 on 31st December, 2008. Ongoing through the pass book and cash book the accountant found the following. 1. A cheque for Rs. 2,160 wrongly credited in the bank statement on 29th December, 2008 and being dishonored again debited in the bank statement on 1st January, 2009. There was no entry in cash book about the dishonor of the cheque until 15th January, 2009. 2. Interest collect and credited by the bank in the bank statement on Mr. Saleem's behalf but the same has not been recorded in his cash book Rs. 5,600. 3. Cheques of Rs. 41,000 paid into the bank for collection on 30th December, 2008. But cheques amounted Rs. 15,000 were collected on 7th January, 2009. 4. Out of cheques amounting to Rs. 15,600 drawn by him, on 27th December 2008, a cheque for Rs. 5000 was enchased on 3rd January, 2009. 5. The banker has given him wrong credit for Rs. 1000 paid in by him in another account (A/C No.17) and a wrong debit in respect of a cheque for Rs. 600 drawn on Account No.17. Prepare a bank reconciliation statement as on 31st December, 2008
Transcribed Image Text:Q.1. The bank statement account no.16 of Mr. Saleem showed an overdraft of Rs. 67,150 on 31st December, 2008. Ongoing through the pass book and cash book the accountant found the following. 1. A cheque for Rs. 2,160 wrongly credited in the bank statement on 29th December, 2008 and being dishonored again debited in the bank statement on 1st January, 2009. There was no entry in cash book about the dishonor of the cheque until 15th January, 2009. 2. Interest collect and credited by the bank in the bank statement on Mr. Saleem's behalf but the same has not been recorded in his cash book Rs. 5,600. 3. Cheques of Rs. 41,000 paid into the bank for collection on 30th December, 2008. But cheques amounted Rs. 15,000 were collected on 7th January, 2009. 4. Out of cheques amounting to Rs. 15,600 drawn by him, on 27th December 2008, a cheque for Rs. 5000 was enchased on 3rd January, 2009. 5. The banker has given him wrong credit for Rs. 1000 paid in by him in another account (A/C No.17) and a wrong debit in respect of a cheque for Rs. 600 drawn on Account No.17. Prepare a bank reconciliation statement as on 31st December, 2008
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