Question No 47 Chapter No 11 – D.K Goal 11 Class

Question No 47 Chapter No 11

47.On 30th June 2019 the passbook of Nataraj showed a bank overdraft of 46,000. the following additional information is available. You are required to prepare a bank reconciliation statement as on the above-mentioned date:

1. Out of the total cheques issued 22,000 have been presented for payment so far.
2. Cheque paid into the bank for collection, but not yet cleared total 31,000
3. Bank has charged 2,300 as interest on overdraft; it does not appear in the cash book
4. A customer has directly deposited 8,300 with a bank in Nataraj’s account for which there is no entry in the cash book
5. Dividend on share collected by bank and credited in the passbook amounts to 2,000 of which no intimation has been given to Natatraj so far
6. A bill for 10,000discounted with the bank was dishonored on maturity. Bank has debited Nataraj with 10,100 including 100 for noting charges, the transaction has not yet recorded in the cash book

The solution of Question No 47 Chapter No 11: –

Bank Reconciliation Statement
Particular	Plus Items (Rs)	Minus Items(Rs)
Debit Balance as per Cash Book (overdraft)		46,000
(i)Cheque issued but presented for payment		22,000
(ii) Cheque sent to the bank for collection but not collected yet	31,000
(iii)Interest on Overdraft did not enter in the cash book	2,300
(iv) Cheque deposited directly into a bank		8,300
(v)Dividend on share collected by the bank not entered in the cash book		2,000
(vi) Bill Discounted dishonored and paid noting charges	10,100
Debit Balance as per Cash Book	34,900
	87,300	87,300

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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.