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Standard XI
Accountancy
Cheques Deposited but Not Collected
Farkhanda Jab...
Question

Farkhanda Jabeen Ltd. receives a cheque for Rs. 100, records it in cash book and deposits it on the same day. A statement sent by the bank that day does not show Rs. 100. How is this shown on the bank reconciliation statement if starting point is pass book?


A

As an uncredited deposits added to the bank statement balance

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B

As an uncredited deposits deducted from the bank statement balance

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C

As an Unpresented cheque added to the bank statement balance

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D

As an Unpresented cheque deducted from the bank statement balance

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Solution

The correct option is A

As an uncredited deposits added to the bank statement balance


It is added to bank balance as it has already been added to the cash book.


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Q.

Overdraft shown by the pass book of Mr Murli is Rs. 20,000. Prepare bank reconciliation statement on dated December 31, 2010.

(i) Bank charges debited as per pass book, Rs. 500,

(ii) Cheques recorded in the cash book but not sent to the bank for collection, Rs. 2,500.

(iii) Received a payment directly from a customer, Rs. 4,600.

(iv) Cheque issued but not presented for payment, Rs. 6,980.

(v) Interest credited by the bank, Rs. 100.

(vi) LIC paid by the bank, Rs. 2,500.

(vii) Cheques deposited with the bank but not collected, Rs. 3,500.

Q. Overdraft shown by the pass book of Mr. Murli is Rs. 20,000. Prepare bank reconciliation statement on dated December 31, 2010.
i) Bank charges debited as per pass book, Rs. 500
ii) Cheques recorded in the cash book but not sent to the bank for collection, Rs.2,500.
iii) Received a payment directly from customer, Rs. 4,600.
iv) Cheque issued but not presented for payment. Rs. 6,980.
v) Interest credited by the bank, Rs.100.
vi) LIC paid by bank, Rs.2,500.
vii) Cheques deposited with the bank but not collected, Rs. 3,500.
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 pass book.
ii) Withdrawal column of the pass book 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 pass book was not sent to the bank.
v) Rs. 500 in respect of dishonored cheque were entered in the pass book but not in the cash book.
Overdraft as per pass book is Rs. 20,000.
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 March 31,2010, the cash showed a balance of Rs.3,700 as cash at bank, but the bank pass book made up to same date showed that cheques for Rs. 700, Rs. 300, and Rs. 180 respectively had not presented for payment.Also, cheque amounting to Rs. 1,200 deposited into the account had not been credited.Prepare a bank reconciliation statement.
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