Question No 11 Chapter No 11
11. My bank Pass Book showed an overdraft of 6,500 on 31st March, 2017. This does not agree with the Cash Book balance. From the following particulars ascertain the Cash Book balance:-
Cheques amounting to 15,000 were paid into bank in March, out of which, it appears, only cheques amounting to 4,500 were credited by bank. Cheques issued during March amounted in all to 11,000. Out of these cheques for 3,000 were unpaid on 31st March, 2017. The Pass Book stands debited with 150 for interest and with 30 for bank charges. The bank had paid the annual subscription of 100 to my club according to my instructions. The entries for interest, bank charges and subscription have not yet been made in Cash Book.
The solution of Question No 11 Chapter No 11: –
| Bank Reconciliation Statement |
||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Credit Balance (Overdraft) as per Cash Book | 6,500 | |
| Add: Cheques deposited but not credited (15,000 – 4,500) | 10,500 | |
| Bank charged interest | 150 | |
| Bank Charges | 30 | |
| Subscription paid by Bank as per standing instructions | 100 | |
| Less: Cheque deposited but not credited by Bank | 3,000 | |
| Credit Balance as per Pass Book | 1,280 | |
| 10,780 | 10,780 | |
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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.
