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Standard XI
Accountancy
Errors Committed in Recording Transactions
A cheque of R...
Question

A cheque of Rs 5,000 was issued to the supplier but it was recorded as Rs 500 in the bank column of the cash book. Due to this error the cash book will ___.


A

Overstate the balance of bank by Rs 4,500

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B

Understate the balance of bank by Rs 4,500

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C

Not be affected

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D

None of the above

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Solution

The correct option is A

Overstate the balance of bank by Rs 4,500


Due to this error the balance as per cash book will be more by Rs 4,500.


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Q. A cheque of Rs.5,000 was issued to the supplier was recorded as Rs.500 in the cash book. Due to this error, the balance as per cash book will be by .
Q. Bank balance as per cash book (Dr.) of NZ & Co. was Rs.1,050
-Bank charges not recorded in cash book was Rs.180.
-Rs.750 was directly paid by customer into bank was not recorded in cash book.
-Debit side of cash book was undercast by Rs.100
-Cheque deposited for Rs.700 was not credited in pass book.
-Out of cheques of Rs.900 issued but not presented for payments.
If BRS is prepared after adjusting cash book, balance as per Adjusted Cash book should be Rs.________ and balance as pass book should be Rs.__________
Q.

Prepare bank reconciliation statement of Shri Bhandari as on December 31, 2010

(i) The Payment of a cheque for Rs. 550 was recorded twice in the passbook.

(ii) Withdrawal column of the passbook undercast by Rs. 200.

(iii) A cheque of Rs. 200 has been debited in the bank column of the cash book but it was not sent to the bank at all.

(iv) A cheque of Rs. 300 debited to bank column of the cash book was not sent to the bank.

(v) Rs. 500 in respect of dishonoured cheque were entered in the pass book but not in the cash book.

Overdraft as per pass book is Rs. 20,000.

Q. On 31st December bank balance as per cash book (Dr.) Rs. 25,450. A comparison of pass book and cash book revealed the following:
- Cheque deposited for Rs. 500 was not credited in pass book.
- Out of cheques of Rs. 5,000 issued only cheques amounting to Rs. 3,750 were presented for payments.
Balance as per pass book will be___________ .
Q. Prepare bank reconciliation statement of Shri Bhandari as on March 31, 2017
(i)
The Payment of a cheque for Rs 550 was recorded twice in the passbook.
(ii)
Withdrawal column of the passbook under cast by Rs 200
(iii)
A Cheque of Rs 200 has been debited in the bank column of the Cash Book but it was not sent to bank at all.
(iv)
A Cheque of Rs 300 debited to Bank column of the cash book was not sent to the bank.
(v)
Rs 500 in respect of dishonoured cheque were entered in the passbook but not in the cash book. Overdraft as per passbook is Rs 20,000.
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