Class 11 Accountancy Chapter 9 - Bank Reconciliation Statement

TS Grewal Solutions for Class 11 Accountancy Chapter 9:

TS Grewal Solutions for Class 11 Accountancy Chapter 9 – Bank Reconciliation Statement is a concept that students should consider while preparing for their Accountancy exam. Here, are few solutions rendered in a simple and stepwise method.

Class 11 TS Grewal Solutions Accountancy Chapter 9:-Download PDF Here

Board CBSE
Class Class 11
Subject Accountancy
Chapter Chapter 9
Chapter Name Bank Reconciliation Statement
Number of questions solved 7
Category TS Grewal

Chapter 9 – Bank Reconciliation Statement defines the below-mentioned concepts:

  • Bank Reconciliation Statement
  • Adjusting the Balance per Bank
  • Preparing Journal Entries
  • Bank Reconciliation Procedure
  • Bank reconciliation and Debitoor

TS Grewal Solutions for Class 11 Accountancy Chapter 9 – Bank Reconciliation Statement

QUESTION 1

Record Bank Reconciliation Statement for the following transaction.

(i) As per the cash book debit the balance ₹5,000

(ii) Deposited cheque but not credited ₹1,000

(iii) Issued cheque but not presented ₹1,500

(iv) Bank Interest ₹200

Solution.

Bank Reconciliation Statement

Sr. No. Particulars (+) ₹ (-)₹
i.

ii.

iii.

iv.

As per the cash book balance (Dr.)

Deposited cheque but not credited

Issued cheque but not presented

Bank Interest

As per the bank passbook (cr.) (16,700-1,000

15,000

1,500

200

1,000

15,700

16,700 16,700

QUESTION 2

Arrange Bank Reconciliation Statement for the mentioned transaction.

Cash available in the bank as shown in the cash book ₹75,000. Drawn cheque but not yet presented.

Salini Saha ₹2,000

Manohar ₹ 3,000

Deposited cheque in the bank but not yet credited ₹1,900. Bank charges not entered in the cash book yet ₹ 100

Solution.

Bank Reconciliation Statement
Sr. No. Particulars (+) ₹ (-)₹
i.

ii.

iii.

iv.

v.

Cash available in the bank as per cash book

Cheque ₹2,000 and ₹3,000 drawn to Shalini and Manohar respectively but not yet presented

Deposited cheque in the bank but not yet credited

Bank charges not entered in the cash book yet

As per the pass book balance (80,000-20,000)

75,000

5,000

1,900

100

78,000

80,000 80,000

QUESTION 3

Cash book recorded a balance of ₹15,000 as cash on March 31st, 2018. However, the passbook of the same date shows that cheque of ₹1,850, ₹1,000, ₹1,750 was not presented for payment. Also cheque, ₹4,100 was paid to the account but not yet cleared. Arrange Bank Reconciliation Statement as shown in the passbook.

Solution.

Bank Reconciliation Statement as on March 31 st, 2018
Sr. No. Particulars (+) ₹ (-)₹
i.

ii.

iii.

iv.

Recorded cash book balance

Issued cheque but not presented for payment (₹1,850, ₹1,000, ₹1,750)

Deposited cheque but not yet cleared

As per cash book balance (19,600- 4,100)

15,000

4,600

4,100

15,500

19,600 19,600

QUESTION 4

At Union Bank of India, Mr. Lakshman opened his account. As per his cash book, his bank balance on 31st March 2018 was ₹72, 950. For the collection of ₹ 90,075, he sent a cheque to his bank, however, cheque amounting ₹43,769 was not collected by date. Out of the cheque issued by him in payment of his debts, a cheque for ₹ 29,344 was not presented for payment. Arrange Bank Reconciliation Statement as shown in the passbook.

Solution.

Bank Reconciliation Statement as on March 31 st, 2018
Sr. No. Particulars (+) ₹ (-)₹
i. As per the cash book balance

Sent a cheque to the bank but not cleared

72,950 43,769
ii. Issued cheque but not yet presented for payment

As per the passbook balance (1,02,294 – 43,769)

29,344 58,525
1,02,294 1,02,294

QUESTION 5

Balance ₹12,500 is recorded on Cash Book. When compared passbook with cash book, the following transactions were noted.

(i) Issued cheque but not granted for payment ₹6,000

(ii) Deposited cheque but not collected ₹9,000

(iii) Paid bank insurance premium ₹5,000

(iv) Bank charges ₹ 300

(v) Deposited directly by the customer ₹8,000

(vi) investment Interest collected by the bank ₹2,000

(vii) Allowed cash discount ₹200 was recorded

In the debit on bank column.

Prepare Bank Reconciliation Statement from the above-mentioned transaction.

Solution.

Bank Reconciliation Statement

Sr. No. Particulars (+) ₹ (-)₹
i.

ii.

iii.

iv.

v.

vi.

vii.

As per the cash book balance

Issued cheque but not yet presented for payment

Deposited a cheque to the bank but not cleared

Paid bank insurance premium

Bank charges

Deposited directly by the customer

investment Interest collected by the bank

Discount cash debited to bank column

As per the passbook balance (1,02,294 – 43,769)

12,500

6,000

8,000

2,000

9,000

5,000

300

200

14,000

28,500 28,500

QUESTION 6

Prepare Bank Reconciliation Statement from the following transaction as on 31st December 2008.

(i) As per cash book debit balance ₹10,000

(ii) Issued ₹500 cheque in favor of Kiran but not presented for payment

(iii) ₹700 bill retired by the bank under a rebate of ₹20, the full amount credited to the cash book

(iv) Deposited a cheque of ₹295 deposited in the bank has been dishonored

(v) Deposited ₹800 in the bank was credited as ₹80 in the passbook

(vi) Payment side of the cash book was undercast by ₹200

(vii) On 31st December 2008, a bill of ₹1,000 (discounted with the bank in November 2008) was dishonored.

Solution.

Bank Reconciliation Statement as on 31st December 2008
Sr. No. Particulars (+) ₹ (-)₹
i.

ii.

iii.

Iv.

v.

vi.

vii.

As per the cash book balance

₹500 cheque issued to Kiran but not presented for payment

Retiring bill rebate was not recorded

Deposited a cheque was dishonored

Deposited ₹800 in the bank was credited as ₹80 in the passbook

Payment side of the cash book was undercast

Bill dishonor not been recorded in the cash book

As per passbook balance (10,520 – 2,215)

10,000

500

20

295

720

200

1,000

8,305

10,500 10,500

QUESTION 7

Prepare Bank Reconciliation Statement from the following transaction as on 31st July 2017.

(i) As per cash book debit balance ₹50,000

(ii) Total three cheques of ₹3,937, ₹6,000, ₹1,525 issued in the last week of July were presented for the payment to the bank in August 2017

(iii) Two cheques ₹500 and ₹650 sent for collection were not entered in the passbook by 31st July 2017

(iv) Bank charged ₹460 as commission allowed interest ₹100 but not mentioned in the cash book, bank column

Solution.

Bank Reconciliation Statement as on 31st July 2008
Sr. No. Particulars (+) ₹ (-)₹
i.

ii.

iii.

Iv.

v.

As per the cash book balance

Three cheques of ₹3,937, ₹6,000, ₹1,525 issued but not present on the July 2007

Retiring bill rebate was not recorded

Cheque sent to the bank but not entered in the passbook

Chargers of the bank not entered in the cashbook

Bank allowed interest

As per cashbook balance (51,610 – 11,562)

50,000

1,150

460

11,462

100

40,048

51,610 51,610

 

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