DK Goel Accountancy Class 11 Solutions Chapter 15 Bank Reconciliation Statement which is outlined by expert Accountancy teachers from the latest version of DK Goel Class 11 Accountancy books. We at BYJU’S provide DK Goel Solutions to assist students to comprehend all the theories in particular. There are numerous concepts in Accountancy, but the concept of Trial Balance, Depreciation and Bank Reconciliation Statement (BRS) is required.
DK Goel Accountancy Class 11 Solutions – Chapter 15
Prepare a Bank Reconciliation Statement from the following particulars on 31st March 2017:
Bank Reconciliation Statement
As on 31st March 2017
|Particulars||Plus Items ₹||Minus Items ₹|
|Dr. balance as per cash book||3,72,000|
|Add: (i) Cheques issued but not yet presented for payment||72,000|
|(ii) Dividend received by the bank, not entered in the cash book||5,000|
|(iii) Interest allowed by the bank, not entered in the cash book||1,250|
|Less: (i) Cheques deposited into the bank but not collected by the bank up to this date||15,400|
|(ii) Bank charges, not entered in the cash book||200|
|(iii) Cheque deposited into the bank but dishonoured||320|
|(iv) payment of house tax by the bank on our behalf, not entered in the cash book||350|
|Cr. balance as per pass book||4,33,980|
From the following particulars, prepare bank reconciliation statement as on Dec 31, 2014
- Debit balance as per cash book ₹10,000
- A cheque for ₹500 issued in favour of Karan has not been presented for payment
- A bill for ₹700 retired by a bank on our behalf under a rebate of ₹20, the full amount of the bill was credited in cash book
- A cheque for ₹295 deposited in a bank has been dishonoured
- A sum of ₹800 deposited in the bank has been credited as ₹80 in the passbook payment side of cash book has been undercast by ₹200
- A bill receivable for ₹1,000 (discounted with the bank in Nov 2014) dishonoured on 31st Dec 2014, but the dishonoured was not recorded in the cash book.
|Bank Reconciliation Statement as on 31st Dec. 2014|
|3. Rebate on payment of a bill by the bank not recorded in cash book||
| 4. Cheque deposited but dishonoured
5. Deposit credited by the bank with a lesser amount (₹800- ₹80)
6. The payment side of cash book undercast
7. Bill receivable dishonoured
|Cr. Balance as per pass book||
Note: Bank has received a rebate of Rs 20 while making payment of the bill payable on our behalf. Hence, the bank has paid only ₹680 whereas the amount recorded on the payment side of the cash book was 4700. Hence, will be recorded in the plus column.
Also Check: DK Goel Solution for Chapter 16 Depreciation
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