Question No 13 Chapter No 11 – D.K Goal 11 Class

Question No 13 Chapter No 11

13. Prepare a Bank Reconciliation Statement from the following particulars:-
On 31st December 2019, I had an overdraft of 750 as shown by my Pass Book. I had issued cheques amounting to 250 of which 200 worth only seem to have been presented for payment. Cheques amounting to 100 had been paid in by me on 30th December, but of these only 75 were credited in the Pass Book. I also find that a cheque for 10 which I had debited to the bank account in my books has been omitted to be banked. There is a debit of 25 in my Pass Book for interest.
An entry of 30 of payment by a customer directly into the bank appears in the Pass Book. My Pass Book also shows a credit of 60 to my account for interest on investments directly collected by my bankers.

The solution of Question No 13 Chapter No 11: –

Bank Reconciliation Statement
Particular	Plus Items (Rs)	Minus Items (Rs)
Credit Balance (Overdraft) as per Cash Book		750
Add: Cheque deposited but not credited	25
Cheque recorded in the cash book but not sent to the bank	10
Interest charged by Bank	25
Less: Cheque issued but not presented for payment		50
The amount deposited by the customer		30
Interest on investments		60
Credit Balance (Overdraft) as per Cash Book	830
	890	890

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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.