Q1.
From the
following particulars prepare a bank reconciliation statement as on 31st
December 2017:
(i) On 31st
December, 2017 the cash-book of a firm showed a bank balance of 60,000 (debit
balance)
(ii) Cheques
had been issued for Rs.15,00,000, out of
which cheques worth 4,00,000 only were presented for payment.
(iii)
Cheques worth Rs.11,40,000 were deposited in the bank on 28th December,2017 but
had not been credited by the bank. In addition to this, one cheque for
Rs.5,00,000 was entered in the cash book on 30th December, 2017 but was banked
on 3rd January, 2018.
(iv) A
cheque from Susan for Rs.4,00,000 was
deposited in the bank on 26th December 2017 but was dishonoured and the advice
was received on 2nd January, 2018.
(v)
Pass-book showed bank charges of Rs. 2,000 debited by the bank.
(vi) One of
the debtors deposited a sum of
Rs.5,00,000 in the bank account of the fi rm on 20th December, 2017 but
the intimation in this respect was received from the bank on 2nd January, 2018.
(vii) Bank
pass-book showed a credit balance of Rs.3,82,000 on 31st December, 2017.
see in detail
Q2.
According to the
cash-book of Gopi, there was a balance of Rs.44,50,000 in his bank on 30th
June, 2017.
On investigation you
find that :
(i) Cheques amounting
to Rs.6,00,000 issued to creditors have not been presented for payment till the
date.
(ii) Cheques paid into
bank amounting to Rs.11,05,000 out of which cheques amounting to Rs.5,50,000 only
collected by the bank up to 30th June 2017.
(iii) A dividend of Rs.40,000 and rent amounting to Rs.6,00,000 received by the bank and entered in
the pass-book but not recorded in the cash book.
(iv) Insurance
premium (up to 31st December, 2017) paid by the bank Rs.27,000 not entered in
the cash book.
(v) The payment side
of the cash book had been under casted by Rs.5,000.
(vi) Bank charges Rs.1,500
shown in the pass book had not been entered in the cash book.
(vii) A bill payable
of Rs.2,00,000 had been paid by the bank but was not entered in the cash book
and bill receivable for Rs.60,000 had been discounted with the bank at a cost
of Rs.1,000 which had also not been recorded in cash book.
Required:
(a) to make the
appropriate adjustments in the cash book, and
(b) to prepare a
statement reconciling it with the bank pass book.
see in detail
Q3.
Prepare a bank
reconciliation statement as on 30th September, 2017 from the following
|
Particulars
|
Rs.
|
|
Bank balance as per pass-book
|
10,00,000
|
|
Cheque deposited into the bank, but no entry was
passed in the cash-book
|
5,00,000
|
|
Cheque received, but not sent to bank
|
11,20,000
|
|
Credit side of the bank column cast short
|
2,000
|
|
Insurance premium paid directly by the bank under
the standing advice
|
60,000
|
|
Bank charges entered twice in the cash book
|
2,000
|
|
Cheque issued, but not presented to the bank for
payment
|
5,00,000
|
|
Cheque received entered twice in the cash book
|
10,000
|
|
Bills discounted dishonoured not recorded in the
cash book.
|
5,00,000
|
see in detail
Q4.
Prepare a
bank reconciliation statement from the following particulars on 31st
March,2017:
|
Particulars
|
Rs.
|
|
Debit balance as per bank column of the cash book
|
37,20,000
|
|
Cheque issued to creditors but not yet presented to
the bank for payment
|
7,20,000
|
|
Dividend received by the bank but not yet entered in
the cash book
|
5,00,000
|
|
Interest allowed by the bank
|
12,500
|
|
Cheques deposited into bank for collection but not
collected by bank up to this date.
|
15,40,000
|
|
Bank charges
|
2,000
|
|
A cheque deposited into bank was dishonoured, but no
intimation received
|
3,20,000
|
|
Bank paid house tax on our behalf, but no
information received from bank in this connection.
|
3,50,000
|
see in detail
Q5.
The following are the extracts of
Cash Book and Pass Book for the month of July 2011.
Dr. Cash Book (Bank Column only) Cr.
|
Date
|
Receipts
|
Rs.
|
Date
|
Payments
|
Rs.
|
|
2011
|
|
|
2011
|
|
|
|
July1
|
To Balanceb/d
|
5,000
|
July5
|
By Dinesh’s A/c
|
3,000
|
|
2
|
Cash A/c
|
2,000
|
14
|
By Cash A/c
|
1,000
|
|
6
|
ToRadhika’sA/c
|
4,000
|
22
|
By Gopal’s
|
1,500
|
|
20
|
To Suhas’s A/c
|
3,000
|
29
|
By Sagar’s A/c
|
3,500
|
|
27
|
To Krishna;s A/c
|
1,500
|
31
|
By Balance c/d
|
6,000
|
|
|
|
15,500
|
|
|
15,500
|
Dr. Pass Book Cr.
|
Date
|
Payments
|
Rs.
|
Date
|
Receipts
|
Rs.
|
|
2011
|
|
|
2011
|
|
|
|
July 9
|
To Dinesh’s A/c
|
3,000
|
July 1
|
By Balance b/d
|
5,000
|
|
14
|
To Cash A/c
|
1,000
|
2
|
By Cash A/c
|
2,000
|
|
29
|
To Bank charges A/c
|
100
|
8
|
By Radhika’s A/c
|
4,000
|
|
29
|
To Gopal’s A/c
|
1,500
|
22
|
By Suhas’s A/c
|
3,000
|
|
31
|
To Balance c/d
|
8,900
|
29
|
By Interest A/c
|
500
|
|
|
|
14,500
|
|
|
14,500
|
see in detail
