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Standard XI
Accountancy
Rectification of Error of Principles
From the foll...
Question

From the following entries in the Bank column of the cash Book of Mr. Kunal and the corresponding Bank Statement, prepare Bank Reconciliation Statement as on 30th April 2011.

Cash Book (Bank Column)
Dr. Cr.
Date
Receipts
Rs
Date
Payments
Rs
2011
April 1
To Balance b/d
12,500
2011
Apr. 1
By Salaries A/c
4,000
4
To Sales A/c
8,000
7
By Purchases A/c
3,200
8
To Paritosh A/c
1,500
9
By Machinery A/c
6,000
13
To Mahima’s A/c
3,400
11
By Omkar’s A/c
1,000
18
To Karina’s A/c
4,600
15
By Drawings A/c
800
21
To Furniture A/c
1,200
18
By Vijay’s A/c
2,000
25
To Sales A/c
3,800
20
By Shobha’s A/c
1,000
30
Too Firoz’s A/c
3,000
28
By Printing A/c
500
30
By Balance c/d
19,500
38,000
38,000

Bank Statement
Date
Particulars
Deposits
Rs
Withdrawals
Rs
Balance
Rs
2011 April 1
Balance
12,500
2
Cheque
4,000
8,500
6
Cash
8,000
16,500
6
Cheque
3,200
13,300
10
Paritosh
1,500
14,800
16
Mahima
3,400
18,200
17
Cheque
800
17,400
20
Karin
4,600
22,000
24
Cash
3,800
25,800
28
Cheque
6,000
19,800
28
Shobha
1,000
18,800
30
Interest
100
18,900
30
Firoz
3,000
21,900
30
Bank Charges
10
21,890

You are required to prepare Bank Reconciliation Statement as on 30th April 2011

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Solution

Bank Reconciliation Statement

as on April 30,2011

S. No.

Particulars

Amount
(Rs)

Amount
(Rs)

Bank Balance as per Cash Book (Dr.)

19,500

Add:

Cheque issued to Omkar not presented for payment

1,000

Cheque issued to Vijay not presented for payment

2,000

Cheque issued for Printing, not yet presented for payment.

500

Bank Credit interest but not recorded in the Cash Book

100

3,600

23,100

Less:

Cheque deposited into bank not credited by the bank i.e. for sale of furniture

1,200

Bank charges debited by the bank but not recorded in the Cash Book

10

1,210

Balance as per Pass Book (Cr.)

21,890


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Q.

The following are the Cash Book and Pass Book extracts of Mr. Anil for the month of May 2011. From this information you are required to prepare a Bank Reconciliation Statement as on 31st May 2011.

Cash Book (Bank Column Only)
Dr.
Cr.
Date
Particulars
Rs
Date
Particulars
Rs
2011 May 4
Ankita’s A/c
2,300
2011 May 1
By Balance b/d
7,500
11
To Kavita;s A/c
3,700
4
By Roky’s A/c
2,000
14
To Sales A/c
14,500
6
By Mamata’s A/c
2,500
15
To Furniture A/c
2,000
9
By Sonali’s A/c
4,000
22
To Anita’s A/c
1,500
15
By Manjiri’s A/c
1,500
26
To Ganesh’s A/c
4,000
17
By Purchases A/c
7,000
28
To Kamal’s A/c
3,000
20
By Drawings A/c
2,400
30
To Prakash’s A/c
1,000
24
By Machinery A/c
10,000
30
Too Balance’s c/d
8,500
27
By Archan’s A/c
3,600
40,500
40,500

Pass Book
Dr.
Cr.
Date
Particulars
Rs
Date
Particulars
Rs
2011 May 1
To Sonali’s A/c
4,000
2011 May 1
By Balance b/d
13,400
2
To Manjiri’s A/c
1,500
4
By Anita’s A/c
1,500
14
To Cash A/c
10,000
6
By Ganesh’s A/c
4,000
17
To Archana’s A/c
3,600
17
By Cash A/c
14,500
18
By Kamal’s
3,000
19
By Prakash’s A/c
1,000
Q.

State whether the following Statements are True or False.

1) Bank Reconciliation Statement is prepared by Bank.
2) Bank Reconciliation Statement is prepared at the end of stipulated period.
3) Overdraft facility is allowed to proprietors personal account
4) Debit balance of Pass Book represents overdraft
5) Credit balance of Bank column of Cash Book represents the balance as per Cash book.
6) Bank charges debited by Bank increases bank balance in the Pass Book.
7) Interest credited in Pass Book is an income to the Customer.
8) Bank Reconciliation Statement is prepared to detect the errors the takes place in accounting

Q.

Prepare a bank reconciliation statement as on 30th September 2016 from the following particulars.

Amt (Rs.)(i)Bank balance as per passbook10,000(ii)Cheque deposited into the bank but no entry was passed in the cash book 500(iii)Cheque received and entered in the cash book but not sent to bank 1,200(iv)Credit side of the cash book bank column cast short 200(v)Insurance premium paid directly by the bank under the standing advice 600(vi)Bank charges entered twice in the cash book 20(vii)Cheque issued but not presented to the bank for payment 500(viii)Cheque received entered twice in the cash book 1,000(ix)Bill discounted dishonoured, not recorded in the cash book 5,000

Q. Prepare Bank Reconciliation Statement as on 30th September, 2016 from the following particulars:
₹
(i) Bank Balance as per Pass Book. 10,000
(ii) Cheque deposited into bank but no entry was passed in Cash Book. 500
(iii) Cheque received and entered in Cash Book but not sent to bank. 1,200
(iv) Insurance premium paid directly by the bank. 800
(v) Bank charges entered twice in the Cash Book. 20
(vi) Cheque received entered twice in Cash Book. 1,000
(vii) Bill discounted dishonoured not recorded in the cash book. 5,000
Q. While preparing bank reconciliation statement, balance of bank account shall be taken from for matching the same with cash book.
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