DK Goel Solutions Chapter 15 Bank Reconciliation Statement

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

Question 1

Prepare a Bank Reconciliation Statement from the following particulars on 31st March 2017:

₹.
  • Debit column as per bank column of the cash book
3,72,000
  • Cheques issued to creditors, but not presented yet to the bank for payment
72,000
  • Dividend received by the bank, but not entered in the cash book
5,000
  • Interest allowed by the bank
1,250
  • Cheques deposited into the bank for collection, but not collected by the bank to this date
15,400
  • Bank charges
200
  • A cheque deposited into the bank was dishonoured, but no intimation received
320
  • Bank paid house tax on our behalf, but no information received from the bank in this connection
350

Solution:

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
4,50,250 16,270
Cr. balance as per pass book 4,33,980

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