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

Question 2

From the following particulars, prepare bank reconciliation statement as on Dec 31, 2014

  1. Debit balance as per cash book ₹10,000
  2. A cheque for ₹500 issued in favour of Karan has not been presented for payment
  3. 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
  4. A cheque for ₹295 deposited in a bank has been dishonoured
  5. 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
  6. 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. 

Solution:

Bank Reconciliation Statement as on 31st Dec. 2014
Particulars Plus Item

Minus Item

  1. Debit balance as per cash book
  2. Cheque issued but not presented for payment

10,000

500

      3. Rebate on payment of a bill by the bank not recorded in cash book      

20

      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

295

720

200

1,000

10,520

2,215

Cr. Balance as per pass book

8,305

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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