Question No 42 Chapter No 11
42. On 31st March 2018 the bank passbook of a trader Showed an overdraft of 9,000. A comparison of entries in the book with those in the cash book revealed the following: (i) cheque for 15,000 deposited with the bank on 29th March 2018 were not credited by the bank before 1st April 2018.
(ii) 7,000 withdrawn from bank for office use were entered in the cash book as 9,000
(iii) Bank charged 300 as service charges but the transaction was not recorded in the cash book
(iv) Cheque was issued for 17,700 on 28th March 2018 out of which cheque for 7,700 were presented to the bank for payment after 31st March 2018
(v) Debit side total of the bank column of the cash book was carried forward as 1,13,900 instead of 1,31,900
The solution of Question No 42 Chapter No 11: –
| Bank Reconciliation Statement |
||
| Particular | Plus Items (Rs) |
Minus Items(Rs) |
| Credit Balance (Overdraft) as per Amended Cash Book | 9,000 | |
| Add: (i) 15,000 not credited by bank | 15,000 | |
| (iii) Bank charges not entered in the cash book | 300 | |
| Less: (ii)withdrew from the bank of (7,000 – 9,000) | 2,000 | |
| (iv) Cheque but presented for payment | 7,700 | |
| (v) Amount carried forward was wrong | 18,000 | |
| Credit Balance as per Pass Book | 21,400 | |
| 36,700 | 36,700 | |
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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.
