Question No 05 Chapter No 11 – D.K Goal 11 Class

Question No 05 Chapter No 11

05.On comparing the Cash Book with Pass Book of Naman it is found that on March 31, 2017, the bank balance of 40,960 showed by the Cash Book differs from the bank balance with regard to the following:
(a) Bank charges 100 on March 31 2017, are not entered in the Cash Book.
(b) On March 21, 2017, a debtor paid 2,000 into the company’s bank in settlement of his account, but no entry was made in the Cash Book of the company in respect of this.
(c) Cheques totaling 12,980 were issued by the company and duly recorded in the Cash Book before March 31, 2017, but had not been presented at the bank for payment until after that date.
(d) A bill for 6,900 discounted with the bank is entered in the Cash Book without recording the discount charge of 800.
(e) 3,520 is entered in the Cash Book as paid into a bank on March 31st, 2017, but not credited by the bank until the following day.
(f) No entry has been made in the Cash Book to record the dishonor on March 15, 2017, of a cheque for 650 received from Bhanu.
Prepare a reconciliation Statement as of March 31, 2017.

The solution of Question No 05 Chapter No 11: –

Bank Reconciliation Statement
Particular	Plus Items (Rs)	Minus Items (Rs)
Debit Balance as per Cash Book	40,960
Add: (b) Amount directly paid by debtors	2,000
(c) Cheques issued but not presented for payment	12,980
Less: (a) Bank charges not recorded in Cash Book		100
(d) Discounting charges not recorded in Cash Book		800
(e) Amount deposited but not credited		3,250
(f) Cheque dishonored but not recorded in Cash Book		650
Credit Balance as per Pass Book		50,870
	55,940	55,940

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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.