Related InterviewSolutions

• Tiwari & Sons find that the bank balance shown by their Cash Book on 31st March, 2019 is Rs. 40,500 (credit) but the Pass Book shows a differennce due to the following reasons: (i) A cheque for Rs. 5,000 drawn in favour of Manohar has not yet been presente4d for payment. (ii) A post-dated cheque for Rs. 900 has been debited in the bank column of the Cash Book but it could not have been presented in any case. (iii) Cheques totalling Rs. 10,200 deposited with the bank not yet been collected and a cheque for Rs. 4,000 has been disshonoued. (iv) A bill for Rs. 10,000 was retired by the Bank under a rebate of Rs. 150 but the full amount of the bill was credited in the bank column as per Pass Book.
• Ramessh has his account at Punjab National Bank, Delhi. According to his Cash Book, his bank balance ofn 31st March, 2019 was Rs. 72,950. He sent cheques for Rs. 90,075 to his bank for collection but cheques amounted to Rs. 43,769 were not collected by that date. Out of the cheques issued by him in payment of his date, cheques for Rs. 29,344 were not presented for payment. Prepare Bank Reconciliation Statement
• Kumar find that the bank balance shown by his cash book on December 31, 2017 is 90,600 (Credit) but the passbook shows a difference due to the following reason: A cheque (post dated) for 1,000 has been debited in the bank column of the cash book but not presented for payment. Also, a cheque for 8,000 drawn in favour of Manohar has not yet been presented for payment. Cheques totaling 1,500 deposited in the bank have not yet been collected and cheque for 5,000 has been dishonoured.
• On 31st March, 2019 Cash Book of Mahesh showed debit bank balance of Rs. 75,000. When compared with the Bank Statement, following facts wre discovered. On 30th March, two cheques of Rs. 5,000 and Rs. 7,000 were deposited uin the bank but werr not realised till date. On 28th March, three cheques of Rs. 6,000 ,Rs. 8,000 and Rs. 12,000 were issued but none of these were presented to the bank fro payment. On 31st March, bank credited Rs. 1,250 as interest charges but this was not recorded in the Cash Book . Similarly, the bank had charged Rs. 150 as bank charges but his was not recorded in the Cash Book. Bank paid insurance premium of Rs. 5,000 but it was recorded as Rs. 500 in Cash Book Prepare Bank Reconciliation Statement on 31t March 2019
• On 30th June, 2019 bank clumn of the Cash Book Showed balance of Rs. 12,000 but the Pass Book showed a different balance dut to the following reasons: (i) cheques paid into the bank Rs. 8,000 but out of these only cheques of Rs. 6,500 credited by bankers. (ii) The receipts column of the Cash Book undercast by Rs. 200 (iii) On 29th June, a custmoer deposited Rs. 3,000 directly in the Bank Account but it was entered in the Pass Book only. (iv) Cheques of Rs. 9,200 were issued of which Rs. 2,200 were presented for payment on 15th July, (v) Pass Book shows a credit of Rs. 330 as intrested and a debit or Rs. 60 bank charges. Prepare Bank Reconciliation Statement as on 30th June, 2019
• Cash Book shows a balance of Rs. 12,500. On comparing the Cash Book with the Pass Book, following discrepanices were noted: `{:(,,Rs.),((i), "Cheques issued but not yet presented for payment.","6,000"),((ii),"Cheques depostied in the bank but not collected.", "9,000"),((iii),"Bank paid insurance premium." , "5,000"),((iv),"Bank charges.","300"),((v),"Directly deposited by customer.","8,000"),((vi),"Cash discount allowed of Rs. 200 was recorded on the debit side of the Bank column.", ""):}`
• Bank balance of 40,000 showed by the cash book of Atul on December 31, 2016. It was found that three cheques of 2,000, 5,000 and 8,000 deposited during the month of December were not credited in the passbook till January 02, 2017. Two cheques of 7,000 and 8,000 issued on December 28, were not presented for payment till January 03, 2017. In addition to it bank had credited Atul for 325 as interest and had debited him with 50 as bank charges for which there were no corresponding entries in the cash book. Prepare a bank reconciliation statement as on December 31, 2016.
• On comparing the cash book with passbook of Naman it is found that on March 31, 2014, bank balance of 40,960 showed by the cash book differs from the bank balance with regard to the following: (a) Bank charges 100 on March 31, 2017, are not entered in the cash book. (b) On March 21, 2017, a debtor paid 2,000 into the company’s bank in settlement of his account, but no entry was made in the cash book of the company in respect of this. (c) Cheques totaling 12,980 were issued by the company and duly recorded in the cash book before March 31, 2017, but had not been presented at the bank for payment until after that date. (d) A bill for 6,900 discounted with the bank is entered in the cash book without recording the discount charge of 800. (e)3,520 is entered in the cash book as paid into bank on March 31st, 2017, but not credited by the bank until the following day. (f) No entry has been made in the cash book to record the dishon or on March 15, 2017 of a cheque for 650 received from Bhanu. Prepare a reconciliation statement as on March 31, 201.
• The cash book shows a bank balance of 7,800. On comparing the cash book with passbook the following discrepancies were noted: (a) Cheque deposited in bank but not credited 3,000 (b) Cheque issued but not yet present for payment 1,500 ( c) Insurance premium paid by the bank 2,000 (d) Bank interest credit by the bank 400 (e) Bank charges 100 (d) Directly deposited by a customer 4,000
• Prepare bank reconciliation statement as on December 31, 2017. This day the passbook of Mr. Himanshu showed a balance of 7000 B (a) Cheques of 1,000 directly deposited by a customer. (b) The bank has credited Mr. Himanshu for 700 as interest. (c) Cheques for 3000 were issued during the month of December but of these cheques for 1,000 were not presented during the month of December.