Question No 02 Chapter No 11 – D.K Goal 11 Class

Question No 02 Chapter No 11

02.The balance of cash at the bank as shown by the Cash Book of Pan & Co. on 31st December 2016, was 7,500. On checking the entries in the Cash Book with the Pass Book, it was ascertained that cheques of 500 and 700 respectively paid in on 30th December, were not credited until the 2nd January following and three cheques of 600, 800 and 1,200 issued on the 28th December were not presented until the 3rd of January. There was a credit of 125 in the Pass Book in respect of interest under date 31st December, which was not entered in the Cash Book.
There were also Bank Charges debited in the Pass Book amounting in all to 10 which were not entered in the Cash Book.
Prepare a Bank Reconciliation Statement as of 31st December 2016

The solution of Question No 02 Chapter No 11: –

Bank Reconciliation Statement
Particular	Plus Items (Rs)	Minus Items (Rs)
Debit Balance as per Cash Book	7,500
Add: Cheques issued but not presented for payment (600 + 800 + 1,200)	2,600
Interest credited by the bank	125
Less: Cheques deposited but not credited by the bank (500 + 700)		1,200
Bank Charges		10
Credit Balance as per Pass Book		9,015
	10,225	10,225

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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.