Question No 41 Chapter No 11
41.The following facts were extracted as of 31st December 2014 from the books of Rajesh Dogra who keeps a double-column Cash Book:
| Bank balance as per Cash Book (overdrawn) | 32,000 |
| Balance as per bank statement (in favor) | 24,000 |
200 commission charged by the bank on outstation cheques yet to be taken into account. A cheque for 11,000 paid to Shashi Bhushan wrongly entered in the cash column. Debit side of Cash Book (bank column) undercast by 1,000. Cheques received from customers 10,400 deposited on 31-12-2019 but credited by the bank on 2-1-2020.
Cheques issued to suppliers 76,600 during 2014 not yet presented for encashment. Prepare a Bank Reconciliation Statement as at 31-12-2019
The solution of Question No 41 Chapter No 11: –
| Bank Reconciliation Statement |
||
| Particular | Plus Items (Rs) |
Minus Items(Rs) |
| Credit Balance (Overdraft) as per Amended Cash Book | 32,000 | |
| Add: Debit side of Cash Book undercasted | 1,000 | |
| Cheque issued but not presented for payment | 76,600 | |
| Less: Commission charged | 200 | |
| Cheque issued wrongly recorded in Cash Column | 11,000 | |
| Cheque deposited but not collected by Bank | 10,400 | |
| Credit Balance as per Pass Book | 24,000 | |
| 77,600 | 77,600 | |
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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.
