Question No 16 Chapter No 11
When credit Balance(Favorable Balance ) as per Pass Book is given
16. On 31st March 2015 the Pass Book shows a credit balance of 9,000. Prepare a Bank Reconciliation Statement from the following particulars:-
| 1. Cheques issued but not yet presented for payment | 7,000 |
| 2. Cheques issued but omitted to be recorded in the Cash Book | 3,800 |
| 3. Cheques paid into bank but not yet collected by the bank | 2,600 |
| 4. Premium on Life Policy paid by the bank on standing advice | 360 |
| 5. Payments received from customers directly by the bank | 2,000 |
The solution of Question No 16 Chapter No 11: –
| Bank Reconciliation Statement |
||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Credit Balance as per Pass Book | 9,000 | |
| Add 2. Cheque issued but omitted to be recorded in Cash Book | 3,800 | |
| 3. Cheque deposited but not credited | 2,600 | |
| 4. Life insurance premium paid as per standing instructions | 360 | |
| Less: 1. Cheque issued but not presented for payment | 7,000 | |
| 5. Direct deposit by Customer | 2,000 | |
| Debit Balance (Overdraft) as per Cash Book | 6,760 | |
| 15,760 | 15,760 | |
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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.
