Question No 18 Chapter No 11
18. Prepare Bank Reconciliation Statement from the following particulars on June 30, 2017:
Bank Statement showed a favorable balance of 9,214.
(a) On 29th June, the bank credited the sum of 1,650 in error.
(b) Certain cheques, valued at 4,500 issued before June 30, were not cleared.
(c) A hire purchase payment of 950, made by a standing order was not entered in the cash book.
(d) A cheque of 600 received, deposited and credited by bank, was accounted as a receipt in the cash column of the cash book.
(e) Other cheques for 8,500 were deposited in June but cheques for 6,000 only were cleared by the bankers.
The solution of Question No 18 Chapter No 11: –
| Bank Reconciliation Statement |
||
| Particular | Plus Items (Rs) |
Minus Items (Rs) |
| Credit Balance as per Pass Book | 9,214 | |
| Add: (c) Hire purchase payment made by Bank | 950 | |
| (e) Cheque deposited but not credited (8,500 – 6,000) | 2,500 | |
| Less: (a) Amount wrongly credited by Bank | 1,650 | |
| (b) Cheque issued but not presented for payment | 4,500 | |
| (d) Cheque credited by Bank | 600 | |
| Debit Balance (Overdraft) as per Cash Book | 5,914 | |
| 12,664 | 12,664 | |
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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.
