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Standard XI
Accountancy
Cheques Issued but Not Presented
The cheque wh...
Question

The cheque which is issued by us, but payment has not been deducted from our bank account at the end of a particular year is called?


A

Uncredited Cheques

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B

Unpresented Cheques

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C

Omitted Cheques

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D

Dishonoured Cheques

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Solution

The correct option is B

Unpresented Cheques


Cheque which is issued by us, but payment has not been deducted from our bank account at the end of a particular year is called unpresented cheques.


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Q. The cheques which is issued by us, but payment has not been deducted from our bank account at the end of a particular period are called .
Q. On 31st March, 2015 the Pass Book shows a credit balance of ₹ 9,000. Prepare a Bank Reconciliation Statement from the following particulars:-
₹
1. Cheques issued but not yet presented for payment 7,000
2. Cheques issued but omitted to be recorded in the Cash Book 3,800
3. Cheques paid into bank but not yet collected by the bank 2,600
4. Premium on Life Policy paid by the bank on standing advice 360
5. Payments received from customers direct by the bank 2,000
Q.

Prepare a Bank Reconciliation Statement on 31 March 2004 for the following when debit balance of pass book is Rs.2,500:

(1) Cheques issued, but not presented for payment Rs.2,000.

(2) Cheques issued, but omitted to be record in Cash Book Rs.1,000.

(3) Cheque deposited but not collected Rs.500.

(4) A discounted bill of exchange dishonoured Rs.1,000.

(5) Interest on overdraft Rs.100.

Q. Prepare a Bank Reconciliation Statement as on 31st March 2015 from the following informations:
₹
(a) Cash Book Balance (Overdraft) 12,500
(b) Cheques deposited but not recorded in Cash Book 2,000
(c) Cheque received but not sent to Bank 1,500
(d) Credit side of the Bank Column has been overcast 60
(e) Bank charges entered in Pass Book twice 75
(f) Bills Receivable directly collected by the Bank 4,000
(g) Deposited cheques returned dishonoured by Bank 1,700
(h) Electricity Bill paid by Bank as per instruction 800
(i) Cheques issued but not presented for payment 5,400
(j) Cheques deposited but not cleared 3,200
Q. Prepare Bank Reconciliation Statement from the following particulars as on 31st March, 2019, when Pass Book shows a debit balance of ₹ 2,500:
(i) Cheque issued for ₹ 5,000 but up to 31st March, 2019 only ₹ 3,000 could be cleared.
(ii) Cheques issued for ₹ 1,000 but omitted to be recorded in the Cash Book.
(iii) Cheques deposited for ₹ 5,500 but cheques for ₹ 500 were collected on 4th April 2019.
(iv) A discounted Bill of Exchange dishonoured ₹ 1,000.
(v) A cheque of ₹ 500 debited in Cash Book but omitted to be banked.
(vi) Interest allowed by bank ₹ 200 but no entry was passed in the Cash Book.
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