Question No 01 Chapter No 11
01. Rim Zim Ltd. maintains a current account with the State Bank of India. On 31st March 2017, the bank column of its cash book showed a debit balance of 1,54,300. However, the bank statement showed a different balance as on that date. The following were the reasons for the difference :
| (i) | Cheques deposited, but not yet credited by the bank | 75,450 |
| (ii) | Cheques issued, but not yet presented for payment | 80,750 |
| (iii) | Bank charges not yet recorded in the cash book | 1,135 |
| (iv) | Cheques received by the bank directly from trade debtors | 1,35,000 |
| (v) | An insurance premium paid by the bank as per standing instructions, but not yet recorded in the cash book | 14,400 |
| (vi) | Dividend collected by the bank, but not yet recorded in the cash book | 1,000 |
Find out the balance as per the bank statement as of 31st March 2017.
The solution of Question No 01 Chapter No 11: –
| Bank Reconciliation Statement |
||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Debit Balance as per Cash Book | 1,54,300 | |
| Add: (ii) Cheques issued but not presented | 80,760 | |
| (iv) Cheques received by bank directly from Trade Debtors | 1,35,200 | |
| (vi) Dividend collected not recorded in Cash Book | 1,000 | |
| Less: (i) Cheques deposited but not credited by the bank | 75,450 | |
| (iii) Bank charges not recorded in the Cash Book | 1,135 | |
| (v) Insurance premium paid as per standing instructions | 15,400 | |
| Credit Balance as per Pass Book | 2,79,275 | |
| 3,71,260 | 3,71,260 | |
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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution
- Chapter 1 Evolution of Accounting & Basic Accounting Terms
- Chapter 2 Accounting Equations
- Chapter 3 Meaning and Objectives of Accounting
- Chapter 4 Double Entry System
- Chapter 5 Books of Original Entry – Journal
- Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
- Chapter 7 Books of Original Entry – Cash Book (Coming soon)
- Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
- Chapter 9 Ledger (Coming soon)
- Chapter 10 Trial Balance and Errors (Coming soon)
- Chapter 11 Bank Reconciliation Statement (Coming soon)
- Chapter 12 Depreciation (Coming soon)
- Chapter 13 Bills of Exchange (Coming soon)
- Chapter 14 Generally Accepted Accounting Principles(GAAP)
- Chapter 15 Bases of Accounting
- Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
- Chapter 17 Capital and Revenue
- Chapter 18 Provisions and Reserves
- Chapter 19 Final Accounts (Coming soon)
- Chapter 20 Final Accounts – With Adjustments (Coming soon)
- Chapter 21 Errors and their Rectification (Coming soon)
- Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
- Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
- Chapter 24 Computerised Accounting System (Coming soon)
- Chapter 25 Introduction to Accounting Information System (Coming soon)
Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.
