Question No 14 Chapter No 11 – D.K Goal 11 Class

Question No 14 Chapter No 11

14. On 31st January, 2018 the Pass Book of Shri M.L. Gupta shows a debit balance of 41,000. Prepare a bank reconciliation statement from the following particulars:-
1. Cheques amounting to 15,600 were drawn on 27th January, 2017. Out of which cheques for 11,000 were encashed up to 31-1-2018.
2. A wrong debit of 800 has been given by the bank in the Pass Book.
3. A cheque for 200 was credited in the Pass Book but was not recorded in the Cash Book.
4. Cheques amounting to 21,000 were deposited for collection. But out of these, cheques for 7,400 have been credited in the Pass Book on 5th February, 2018.
5. A cheque for 1,000 was returned dishonoured by the bank and was debited in the Pass Book only.
6. Interest on overdraft and bank charges amounting to 100 were not entered in the Cash Book.
7. A cheque of 500 debited in the Cash Book omitted to be banked.

The solution of Question No 14 Chapter No 11: –

Bank Reconciliation Statement
Particular	Plus Items (Rs)	Minus Items (Rs)
Debit Balance (Overdraft) as per Pass Book		41,000
Add 2. Wrong debit in Pass Book	800
4. Cheques deposited but not credited	7,400
5. Cheque dishonored by Bank	1,000
6. Interest on Overdraft charged by Bank	100
7. Cheque recorded in the cash book but not sent to the bank	500
Less: 1. Cheque issued but not presented (15,600 – 11,000)		4,600
3. Cheque credited in Pass Book but not recorded in Cash Book		200
Credit Balance (Overdraft) as per Cash Book	36,000
	45,800	45,800

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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.