Question No 48 Chapter No 11 – D K Goal Class +1

Question No 48 Chapter No 11 – D K Goal

48. While comparing the cash book of Mayank with bank passbook on 30th September 2018 you find the following
The bank passbook showed a debit balance of 15,000

1. Bank paid insurance premium 2,000 but it was recorded as 200 only cash book
2. Cheque issued in favour of Suppliers in September 2018 amounted to 55,000 but cheque for 50,000 only was presented for payment upto30th September 2018
3. Direct deposited in Mayank’s Bank account by a customer on 25th September 2018 had not been recorded in the cash book
4. Divided collected by the bank, but not recorded in cash book 1,000
5. Bank charged 300 for its services, but they yet to be recorded in the cash book
6. A cheque amounting to 78,000 were deposited with the bank in the last week of September 2018 but the cheque for 51,000 only had been cleared before 1st October 2018.

Prepare the bank reconciliation statement ascertaining bank balance/overdraft as per cash book.

The Solution of Question No 48 Chapter No 11 – D K Goal: –

Bank Reconciliation Statement
Particular	Plus Items (Rs)	Minus Items(Rs)
Balance as per Pass Book (Overdraft)	15,000
Add: (iii)Cheque issued but not presented for payment	5,000
(iv) Directly deposited by a customer in a bank account	10,000
(v) Dividend Collected by the bank not entered in the cash book	1,000
Less: (i) Bank paid an insurance premium of 2,000 entered as 200		1,800
(vi)Bank Charges did not enter in the cash book		300
(vii) Cheque deposited into a bank but did not clear		27,000
Overdraft Balance as per Cash Book		1,900
	31,000	31,000

This is all about the Question No 48 Chapter No 11 – D K Goal. You can check out the related article to get a better understand of the concept.

https://tutorstips.com/bank-reconciliation-statement/

You Can also read all above articles in Hindi on our Hindi Website

Bank Reconciliation Statement – Process – Examples – In Hindi

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Also, Check out the solved question of all Chapters: –

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) 
• Chapter 7 Books of Original Entry – Cash Book 
• Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books
• Chapter 9 Ledger
• Chapter 10 Trial Balance and Errors
• Chapter 11 Bank Reconciliation Statement
• Chapter 12 Depreciation
• Chapter 13 Bills of Exchange
• 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.