The Bank Statement Account No. 16 of Mr. Saleem showed an overdraft of Rs. 134,300 on 31st December, 2016. On going through the Pass Book and the Cash Book, the accountant found the following: 1. 13. A cheque for Rs. 4,320 wrongly eredited in the Bank Statement on 28th December, 2016, and being dishonored again debited in the Bank Statement on 1st January, 2017. There was no entry in the Cash Book about the dishonor of the cheque until 15 Jan. 2017. Interest collected and credited by the bank in the Bank Statement on Mr. Saleem's behalf but the same had not been recorded in his Cash Book Rs. 11,200. 2. Cheques of Rs. 82,000 paid into the bank for collection on 30th Dec. but cheques amounted to Rs. 30,000 were collected on 7th January, 2017. 3. Out of cheques amounting to Rs. 31,200 drawn by him on 27th December, a cheque for Rs. 10,000 was encashed on 3rd January, 2017. The banker has given him a wrong credit for Rs. 2,000 paid in by him in another account (A/e No. 17) and a wrong debit in respect of a cheque for Rs. 1,200 drawn on Account No. 17., 4. Req : Prepare a Bank Reconciliation Statement as on 31st December, 2016. NOTE: The cheque for Rs. 4,320 debited in the Cash Book and eredited in the Pass Book before 31st December itself. Therefore, no difference will arise in the balances on 31.12.2016. This cheque was dishonored on 1st January, so this should not be considered in the statement. (Balance as per the Cash Book (Cr.) Rr. 126,300] Ans:
The Bank Statement Account No. 16 of Mr. Saleem showed an overdraft of Rs. 134,300 on 31st December, 2016. On going through the Pass Book and the Cash Book, the accountant found the following: 1. 13. A cheque for Rs. 4,320 wrongly eredited in the Bank Statement on 28th December, 2016, and being dishonored again debited in the Bank Statement on 1st January, 2017. There was no entry in the Cash Book about the dishonor of the cheque until 15 Jan. 2017. Interest collected and credited by the bank in the Bank Statement on Mr. Saleem's behalf but the same had not been recorded in his Cash Book Rs. 11,200. 2. Cheques of Rs. 82,000 paid into the bank for collection on 30th Dec. but cheques amounted to Rs. 30,000 were collected on 7th January, 2017. 3. Out of cheques amounting to Rs. 31,200 drawn by him on 27th December, a cheque for Rs. 10,000 was encashed on 3rd January, 2017. The banker has given him a wrong credit for Rs. 2,000 paid in by him in another account (A/e No. 17) and a wrong debit in respect of a cheque for Rs. 1,200 drawn on Account No. 17., 4. Req : Prepare a Bank Reconciliation Statement as on 31st December, 2016. NOTE: The cheque for Rs. 4,320 debited in the Cash Book and eredited in the Pass Book before 31st December itself. Therefore, no difference will arise in the balances on 31.12.2016. This cheque was dishonored on 1st January, so this should not be considered in the statement. (Balance as per the Cash Book (Cr.) Rr. 126,300] Ans:
Chapter8: Budgets And Bank Reconciliations
Section: Chapter Questions
Problem 4.4C
Related questions
Question
100%
![11:33 e
7 ll B/s
32
An amount of Rs. 1,200 for interest on overdrat was uevneu Ha ruUR vut was
intimated to Mr. Zubair on 2nd July, 2017.
4.
3.
Collection charges of Rs. 28 were entered in the Pass Book but not in the Cash Book.
5.
Mr. Zubair paid into his bank account in cash an amount of Rs. 4,000 but It wae
wrongly eredited to Mr. Yousaf's account.
6.
On 30th June, 2017, the bank recelved interest of Rs. 3,000 from a company on Mr.
Zubair's deposits with that company : (You are required to find out the balance as per
the Pass Book.)
[Bank overdraft as per the Pass Book Rs. 36,228]
The Bank Statement Account No, 16 of Mr. Saleem showed an overdraft of Rs. 134,300 on
31st December, 2016. On going through the Pass Book and the Cash Book, the accountant
found the following:
A cheque for Rs. 4,320 wrongly credited in the Bank Statement on 28th December,
Ans:
13.
1.
2016, and being dishonored again debited in the Bank Statement on 1st January, 2017.
There was no entry in the Cash Book about the dishonor of the cheque until 15 Jan.
2017.
2.
Interest collected and credited by the bank in the Bank Statement on Mr. Saleem's
behalf but the same had not been recorded in his Cash Book Rs. 11,200.
Cheques of Rs. 82,000 paid into the bank for collection on 30th Dec. but cheques
amounted to Rs. 30,000 were collected on 7th January, 2017.
3.
4.
Out of cheques amounting to Rs. 31,200 drawn by him on 27th December, a cheque
for Rs. 10,000 was encashed on 3rd January, 2017.
The banker has given him a wrong credit for Rs. 2,000 paid in by him in another
account (A/e No. 17) and a wrong debit in respecet of a cheque for Rs. 1,200 drawn on
Account No. 17.
Reg: Prepare a Bank Reconciliation Statement as on 31st December, 2016.
NOTE: The cheque for Rs. 4,320 debited in the Cash Book and eredited in the Pass Book before 31st
December itself. Therefore, no difference will arise in the balances on 31.12.2016. This
cheque was dishonored on 1st January, so this should not be considered in the statement.
(Balance as per the Cash Book (Cr.) Rs. 126,300]
Prepare a Bank Reconciliation Statement from the following particulars :
Overdraft balance as per the Pass Book (Dr.) on 31.12.2017, Rs. 10,000.
Bank charges for collecting an out station cheque Rs. 15 appeared only in the Pas
Ans:
14.
1.
2.
Вook.
Interest on overdraft charged by the bank for half year, Rs. 550, debited in the Fa
Book only.
Two cheques for Rs. 15,000 and Rs. 10,000 paid in on 30th December, 2017, were hor
credited by the bank.
Two cheques for Rs. 2,100 and Rs. 8,000 issued in December 2017 had not been
presented at the bank during the month.
[Balance as per the Cash Book (Dr.) Rs. 5,465]
3..
4.
5.
Ans:
Scanned with Caicaner
ASH BOOK AND BANK RECONCILITATION STATEMENT
247
On 31st March, 2017, the Bank Balance of Mr. Safdar Khan appeared at
Rs. 6,800 in his Cash Book. On reconciling with the Pass Book the following information was
ascertained. You are required to show the balance as per the Pass Book on 31.03.2017.
1.
15.
Debit in réspect of the bank charges Rs. 64, credit in respect of the bank interest Rs.
280 and dividend received by the bank as Rs.1,800 were not passed in the Cash Book.
A Bill Receivable for Rs. 1,400 was realized by the bank, but no entry was passed in
the Cash Book.
Cheques for Rs. 1,400 were issued but not yet presented for payment.
Cheques for Rs. 1,600 were paid into the bank, but not collected and credited by the
bank.
A cheque for Rs. 20 was not shown in the Cash Book as dishonored.
2.
3.
4.
5.
(Balance as per the Pass Book (Cr.) Rs. 9,996]
Prepare a Bank Reconciliation Statement with the help of revised cash book from under
mentioned items as on 31.12.2016.
1.
Ans:
16.
Cash and cheques totaling Rs. 147,800 were sent to the bank in the month of
December, but out of them one cheque for Rs. 18,000 was credited in the Pass Book on
2nd January, 2017.
On 26th December cheques were issued in favor of Creditors for Rs. 38,000, but out of
them two cheques for Rs. 28,000 were encashed on 3rd January, 2017.
2.
One customer had deposited directly into the bank Rs. 5,000 but it was not mentioned
in the Cash Book.
The trader had withdrawn from the bank Rs. 14,000 but the same had not been
entered in the Cash Book.
On 29th December, a cheque for Rs. 12,000 was received and entered in the Cash
Book but had been omitted to be sent to the bank.
On 27th December, 2016 Rs. 700 were credited in the Pass Book as interest on deposits
but the same had been recorded in the Cash Book on 31st December, 2016.
Bank balance as per the Cash Book Rs. 80,000.
[Balance as per revised Cash Book Rs. 71,000; Balance as per the Pass Book (Cr.) Rs. 69,000)
From the following particulars of Mr. Nasir Ali, prepare a Bank Reconciliation Statement
with the heln of revised cash book as on 31st December, 2017.
3.
4.
5.
6.
7.
Ans:
17.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F707834ac-599d-4773-a0c2-f6229a73b555%2Fbfa8adfe-2d4e-4afd-b407-a79ac6f18b31%2Fqiol2zr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:11:33 e
7 ll B/s
32
An amount of Rs. 1,200 for interest on overdrat was uevneu Ha ruUR vut was
intimated to Mr. Zubair on 2nd July, 2017.
4.
3.
Collection charges of Rs. 28 were entered in the Pass Book but not in the Cash Book.
5.
Mr. Zubair paid into his bank account in cash an amount of Rs. 4,000 but It wae
wrongly eredited to Mr. Yousaf's account.
6.
On 30th June, 2017, the bank recelved interest of Rs. 3,000 from a company on Mr.
Zubair's deposits with that company : (You are required to find out the balance as per
the Pass Book.)
[Bank overdraft as per the Pass Book Rs. 36,228]
The Bank Statement Account No, 16 of Mr. Saleem showed an overdraft of Rs. 134,300 on
31st December, 2016. On going through the Pass Book and the Cash Book, the accountant
found the following:
A cheque for Rs. 4,320 wrongly credited in the Bank Statement on 28th December,
Ans:
13.
1.
2016, and being dishonored again debited in the Bank Statement on 1st January, 2017.
There was no entry in the Cash Book about the dishonor of the cheque until 15 Jan.
2017.
2.
Interest collected and credited by the bank in the Bank Statement on Mr. Saleem's
behalf but the same had not been recorded in his Cash Book Rs. 11,200.
Cheques of Rs. 82,000 paid into the bank for collection on 30th Dec. but cheques
amounted to Rs. 30,000 were collected on 7th January, 2017.
3.
4.
Out of cheques amounting to Rs. 31,200 drawn by him on 27th December, a cheque
for Rs. 10,000 was encashed on 3rd January, 2017.
The banker has given him a wrong credit for Rs. 2,000 paid in by him in another
account (A/e No. 17) and a wrong debit in respecet of a cheque for Rs. 1,200 drawn on
Account No. 17.
Reg: Prepare a Bank Reconciliation Statement as on 31st December, 2016.
NOTE: The cheque for Rs. 4,320 debited in the Cash Book and eredited in the Pass Book before 31st
December itself. Therefore, no difference will arise in the balances on 31.12.2016. This
cheque was dishonored on 1st January, so this should not be considered in the statement.
(Balance as per the Cash Book (Cr.) Rs. 126,300]
Prepare a Bank Reconciliation Statement from the following particulars :
Overdraft balance as per the Pass Book (Dr.) on 31.12.2017, Rs. 10,000.
Bank charges for collecting an out station cheque Rs. 15 appeared only in the Pas
Ans:
14.
1.
2.
Вook.
Interest on overdraft charged by the bank for half year, Rs. 550, debited in the Fa
Book only.
Two cheques for Rs. 15,000 and Rs. 10,000 paid in on 30th December, 2017, were hor
credited by the bank.
Two cheques for Rs. 2,100 and Rs. 8,000 issued in December 2017 had not been
presented at the bank during the month.
[Balance as per the Cash Book (Dr.) Rs. 5,465]
3..
4.
5.
Ans:
Scanned with Caicaner
ASH BOOK AND BANK RECONCILITATION STATEMENT
247
On 31st March, 2017, the Bank Balance of Mr. Safdar Khan appeared at
Rs. 6,800 in his Cash Book. On reconciling with the Pass Book the following information was
ascertained. You are required to show the balance as per the Pass Book on 31.03.2017.
1.
15.
Debit in réspect of the bank charges Rs. 64, credit in respect of the bank interest Rs.
280 and dividend received by the bank as Rs.1,800 were not passed in the Cash Book.
A Bill Receivable for Rs. 1,400 was realized by the bank, but no entry was passed in
the Cash Book.
Cheques for Rs. 1,400 were issued but not yet presented for payment.
Cheques for Rs. 1,600 were paid into the bank, but not collected and credited by the
bank.
A cheque for Rs. 20 was not shown in the Cash Book as dishonored.
2.
3.
4.
5.
(Balance as per the Pass Book (Cr.) Rs. 9,996]
Prepare a Bank Reconciliation Statement with the help of revised cash book from under
mentioned items as on 31.12.2016.
1.
Ans:
16.
Cash and cheques totaling Rs. 147,800 were sent to the bank in the month of
December, but out of them one cheque for Rs. 18,000 was credited in the Pass Book on
2nd January, 2017.
On 26th December cheques were issued in favor of Creditors for Rs. 38,000, but out of
them two cheques for Rs. 28,000 were encashed on 3rd January, 2017.
2.
One customer had deposited directly into the bank Rs. 5,000 but it was not mentioned
in the Cash Book.
The trader had withdrawn from the bank Rs. 14,000 but the same had not been
entered in the Cash Book.
On 29th December, a cheque for Rs. 12,000 was received and entered in the Cash
Book but had been omitted to be sent to the bank.
On 27th December, 2016 Rs. 700 were credited in the Pass Book as interest on deposits
but the same had been recorded in the Cash Book on 31st December, 2016.
Bank balance as per the Cash Book Rs. 80,000.
[Balance as per revised Cash Book Rs. 71,000; Balance as per the Pass Book (Cr.) Rs. 69,000)
From the following particulars of Mr. Nasir Ali, prepare a Bank Reconciliation Statement
with the heln of revised cash book as on 31st December, 2017.
3.
4.
5.
6.
7.
Ans:
17.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
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.Recommended textbooks for you