Question No 09 Chapter No 11
09. On 31st December 2019 the Cash Book of Basu showed an overdraft of 18,000 with the Bank of India. The balance did not agree with the balance as shown by the Bank Pass Book and you find that Basu had paid into the Bank on 26th December four cheques for 10,000; 12,000; 6,000 and 8,000. Of these, the cheque for 6,000 was
credited by the bank in January 2015. Basu had issued on 24th December three cheques for 15,000, 12,000,
and 7,000. The first two cheques were presented to the bank for payment in December and the third in January, 2020.
You also find that on 31st December 2014, the bank had debited Basu’s Account for 500 for interest and 20 for charges but Basu has not recorded these amounts in his books.
You are required to prepare a Bank Reconciliation Statement as of 31st December 2019 and ascertain the balance as per Bank Pass Book.
The solution of Question No 09 Chapter No 11: –
| Bank Reconciliation Statement |
||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Credit Balance (Overdraft) as per Cash Book | 18,000 | |
| Add: Cheque issued but not presented for payment | 7,000 | |
| Less: Cheque deposited but not credited by Bank | 6,000 | |
| Bank charged interest | 500 | |
| Bank charges | 200 | |
| Credit Balance as per Pass Book | 17,520 | |
| 24,520 | 24,520 | |
https://tutorstips.com/bank-reconciliation-statement/
Thanks, Please Like and share with your friends
Comment if you have any question.
Also, Check out the solved question of all Chapters: –
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.
