T S GREWAL Solutions for Class 11-commerce Accountancy Chapter 12 - Bank Reconciliation Statement

Chapter 12 - Bank Reconciliation Statement Exercise 12.43

Question PQ 1

Q 1

 

Solution PQ 1

 

Bank Reconciliation Statement 

Sr. No.

Particulars

(+)

Rs. 

(-)

Rs. 

i.

Balance as per the Cash Book (Dr.)

15,000

 

ii.

Cheques deposited but not cleared

 

1,000

iii.

Cheques issued but not presented.

1,500

 

iv.

Bank interest

200

 

 

Balance as per the Pass book (cr.) (16,700-1,000)

 

15,700

 

 

16,700

16,700

 

Question PQ 2

Q 2

Solution PQ 2

Bank Reconciliation Statement

as on March 31, 2019

Sr. No.

Particulars

(+)

Rs. 

(-)

Rs. 

 

Balance as per the Cash Book

72,950

 

i.

Cheques sent to bank but not yet cleared

 

43,769

ii.

Cheques issued but not yet presented for payment

29,344

 

 

Balance as per the Pass Book

(1,02,294 - 43,769)

 

58,525

 

 

1,02,294

1,02,294

 

Chapter 12 - Bank Reconciliation Statement Exercise 12.44

Question PQ 3

Q 3

Solution PQ 3

Bank Reconciliation Statement

as on March 31, 2019

Sr. No.

Particulars

(+)

Rs. 

(-)

Rs. 

 

Balance as per the Cash Book

75,000

 

i.

Two cheques Rs.5,000 and Rs.7,000 were deposited but were not cleared

 

12,000

ii.

Three cheques Rs.6,000, Rs.8,000 and Rs.12,000 were issued but were not presented for payment

26,000

 

iii.

Bank allowed Interest

1,250

 

iv.

Bank Charges

 

150

v.

Insurance premium less charged

 

4,500

 

Bank as per the Pass Book (1,02,250-16,650)

 

85,600

 

 

1,02,250

1,02,250

 

Question PQ 4

Q 4

Solution PQ 4

 

Bank Reconciliation Statement

as on June 30, 2019

Sr. No.

Particulars

(+)

Rs. 

(-)

Rs. 

 

Balance as per the Cash Book

12,000

 

i.

Cheque paid in to bank but not cleared

 

1,500

ii.

Receipt side of Cash Book undercast

200

 

iii.

Amount directly deposited by customer

3,000

 

iv.

Cheque issued in june but presented in July.

2,200

 

v.

Bank allowed Interest

330

 

vi.

Bank Charges

 

60

 

Balance as per the Pass Book (17,730-1,560)

 

16,170

 

 

17,730

17,730

 

Question PQ 5

Q 5

 

Solution PQ 5

 

Bank Reconciliation Statement

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

 

Balance as per the Cash Book

12,500

 

i.

Cheques issued but not yet presented for payment 

6,000

 

ii.

Cheques deposited into bank but not collected

 

9,000

iii.

Bank paid Insurance Premium

 

5,000

iv.

Bank Charges

 

300

v.

Amount directly deposited by a customer

8,000

 

vi.

Interest on Investment Collected by bank

2,000

 

vii.

Cash discount debited to bank column

 

200

 

Balance as per the Pass Book (28,500-14,500)

 

14,000

 

 

28,500

28,500

 

Question PQ 6

Q 6

Solution PQ 6

 

Bank Reconciliation Statement

as on December 31, 2008

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

i.

Balance as per the Cash Book

10,000

 

ii.

A cheque for Rs.500 issued to Karan was not presented for payment

500

 

iii.

Rebate of retiring bill was not recorded

20

 

iv.

Cheque deposited dishonored 

 

295

v.

A sum of Rs.800 deposited in bank recorded wrongly as Rs.80 in the pass book

 

720

vi.

Payment side of the Cash book under cast

 

200

vii.

Dishonour of bill has not been recorded in the cash book

 

1,000

 

Balance as per Pass Book (10,520-2,215)

 

8,305

 

 

10,520

10,520

 

Chapter 12 - Bank Reconciliation Statement Exercise 12.45

Question PQ 7

Q 7

Solution PQ 7

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

 

Balance as per the Cash Book

23,650

 

i.

Cash deposited into bank but not entered in the Pass book

 

2,860

ii.

Bank Charges not entered the cash Book

 

70

iii.

Bank Charges for discounting bill not recorded in the Cash Book

 

270

iv.

Cheque issued but not presented for payment

16,720

 

v.

Amount directly deposited by the debtor

1,000

 

vi.

Cheque received from Ram Babu was dishounoured and not recorded in cash book

 

550

 

Balance as per the Pass Book (41,370-3,750)

 

37,620

 

 

41,370

41,370

 

Question PQ 8

Q 8

Solution PQ 8

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

i.

Balance as per the Cash Book

36,000

 

ii.

Cheques issued not presented

6,000

 

iii.

Cheque deposited not credited (8,400) and Cheque not presented (3,000)

 

11,400

iv.

Cheque received deposited into bank and dishonoured

 

2,400

v.

Bank Charges

 

120

vi.

Amount directly deposited in the bank account

3,000

 

 

 

 

 

 

Bank as per the Pass Book (51,610-11,562)

 

31,080

 

 

45,000

45,000

 

Question PQ 9

Q 9

Solution PQ 9

Bank Reconciliation Statement

as on July 31, 2018

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

i.

Balance as per the Pass Book

50,000

 

ii.

Three cheques of Rs. 6,000, Rs. 3,937, Rs. 1,525 were issued but not presented for payment in July, 2017

 

11,462

iii.

Cheques sent to bank for collection but not entered in the Pass Book

1,150

 

iv.

Bank charges not entered in the Cash Book

460

 

iv.

Bank allowed interest

 

100

 

Bank as per the Cash Book (51,610-11,562)

 

40,048

 

 

51,610

51,610

 

Question PQ 10

Q 10

Solution PQ 10

  

Bank Reconciliation Statement

as on March 31, 2011

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

i.

Balance as per the Pass Book

6,000

 

ii.

Cheque issued but not presented for payment

 (1,500-900)

 

600

iii.

Cheque deposited but not entered in the Pass Book

800

 

iv.

Bank allowed interest

 

85

v.

Cheque deposited but not entered in the Cash Book

 

510

 

Balance as per the Cash Book (6,800-1,195)

 

5,605

 

 

6,800

6,800

 

Chapter 12 - Bank Reconciliation Statement Exercise 12.46

Question PQ 13

Q 13

Solution PQ 13

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

i.

Balance as per the Pass Book

10,000

 

ii.

Cheque deposited but not entered in the Cash book

 

500

iii.

Cheque entered in the Cash Book but not deposited in the bank

1,200

 

iv.

Credit side of the Cash Book undercast

200

 

v.

Insurance premium paid directly by the bank but not entered in the Cash Book

 600

 

vi.

Bank charges entered twice in the Cash book

 

20

vii.

Cheque issued but not presented for payment

 

500

viii.

Cheque received entered twice in the Cash Book

1,000

 

ix.

Bill discounted and dishonoured but not entered in the Cash Book

5,000

 

x.

Interest allowed by bank to be reversed

 

5,000

 

Balance as per Cash Book (18,000-6,020)

 

11,980

 

 

18,000

18,000

 

Question PQ 11

Q 11

Solution PQ 11

 

Bank Reconciliation Statement

as on September 30, 2016

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

i.

Balance as per the Pass Book

10,000

 

ii.

Cheque deposited but not entered in the Cash Book

 

500

iii.

Cheque entered in the Cash Book but not sent to bank

1,200

 

iv.

Insurance premium paid directly by bank

800

 

v.

Bank charges entered twice in the Cash Book

 

20

vi.

Cheque received entered twice in the Cash Book

1,000

 

vii.

Bill discounted dishonored not entered in the Cash Book

5,000

 

 

Balance as per the Cash Book (18,000 - 520)

 

17,480

 

 

18,000

18,000

 

Question PQ 12

Q 12

Solution PQ 12

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

 

Balance as per the Pass Book

62,000

 

i.

Cheque deposited but not credited not credited in the

Pass book during March 2019 (3,500+2,500+2,000)

8,000

 

ii.

Cheque issued but not presented in March 2019 (4,000+4,500)

 

8,500

iii.

Cheque received form Customer was recorded in Cash Book but not sent to Bank

1,000

 

iv.

Bank Charges

1,000

 

v.

Bank allowed interest

 

2,000

vi.

Interest on Investment Collected by bank but not entered in the Cash Book

 

2,500

 

Balance as per Cash Book (72,000 -13,000)

 

59,000

 

 

72,000

72,000

 

Chapter 12 - Bank Reconciliation Statement Exercise 12.47

Question PQ 14

Q 14

Solution PQ 14

 

Bank Reconciliation Statement

as on January 1, 2019

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

i.

Overdraft as per the Cash Book

 

40,000

ii.

Cheque deposited but not Cleared Interest

 

10,000

iii.

Cheque Issued but not presented for payment 

7,000

 

iv.

Bank Charged Interest

 

600

v.

Bank Charged

 

500

 

Overdraft as per the Pass Book (51,100-7,000)

44,100

 

 

 

51,100

51,100

 

Question PQ 16

Q 16

Solution PQ 16

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

 

Overdraft as per the Cash Book

 

1,72,985

i.

Cheques issued but not presented for payment

60,000

 

ii.

Cheques deposited but not collected

 

75,000

iii.

Cheque deposited but dishonoured

 

 15,000

iv.

Bill sent for collection honoured but not entered in the Cash Book 

1,50,000

 

v.

Bank Charges

 

1,500

vi.

Bank Interest

 

8,500

vii.

Overdraft balance wrongly taken as debit balance*

 

1,000

 

Overdraft as per the Pass Book (2,73,985-2,10,000)

63,985

 

 

 

2,73,985

2,73,985

* Overdraft balance as per Cash book of Rs.500 on 28th Feb 2019 was wrongly carried forward as debit balance, so to correct the error cash book by double amount of shown minus side (500 + 500 = 1000).  

Question PQ 15

Q 15

Solution PQ 15

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

 

Overdraft as per the Cash Book

 

40,500

i.

Cheques issued but not presented for payment

5,000

 

ii.

Post-dated Cheque entered in the Cash Book but not deposited in the bank

 

900

iii.

Cheque deposited into bank but not collected

 

10,200

iii.

Cheque dishonoured

 

4,000

iv.

Rebate on retiring of bill not entered in the Cash Book

150

 

 

Overdraft as per Pass Book (55,600-5,150)

50,450

 

 

 

55,600

55,600

 

Question PQ 17

Q 17

 

Solution PQ 17

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

 

Overdraft as per the Cash Book

 

10,500

i.

Cheque issued but not presented for payment

540

 

ii.

Post-dated Cheque entered in the Cash Book but not deposited in the Bank

 

100

ii.

Cheque deposited but not cleared

 

1,200

iii.

Cheque dishonoured

 

400

iv.

Insurance premium paid by bank was not entered in the Cash Book

 

50

v.

Bank Charges

 

15

v.

Bank allowed Interest

25

 

 

Overdraft as per the Pass Book (12,265-565)

11,700

 

 

 

12,265

12,265

 

Note: Point (vi) is Cheque of Rs.5,000 dated 15th April 2019 issued to M and Co. dishonoured will have no any impact as this statement is as on 31st March 2018.

Chapter 12 - Bank Reconciliation Statement Exercise 12.48

Question PQ 18

Q 18

Solution PQ 18

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

i.

Overdraft as per the Cash Book

 

52,100

ii.

Cheques of Rs.94,00 deposited in March but cheques of Rs.11,160 not cleared in April 

 

11,160

iii.

Cheques issued but not presented for payment in the March (38,580+4,320)

42,900

 

iv.

Payment made to creditor by bank but not entered in the Cash Book

 

10,500

v.

Amount directly deposited by debtor into Bank

9,000

 

vi.

Bank Charges

 

120

vi.

Bank credited interest

180

 

 

Overdraft as per the Pass Book (73,880-52,080)

21,800

 

 

 

73,880

73,880

Note: Point (vii) is Cash deposit of Rs.5,780 was recorded as Rs.7,580 will have no affect on the bank statement as error in recording cash deposit entry already rectified.

Question PQ 19

Q 19

Solution PQ 19

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+)

Rs. 

(-)

Rs. 

 

Overdraft as per the Pass Book

 

2,500

i.

Cheque issued for Rs.5,000 but cheque of Rs.3,000 cleared till March 31, 2019

 

2,000

ii.

Cheque issued but not entered in the Cash Book

1,000

 

iii.

Cheque deposited but cleared in April

500

 

iv.

Bill dishonoured

1,000

 

v.

Cheque entered in the Cash Book but not deposited

500

 

vi.

Interest allowed not recorded in the Cash Book

 

200

 

Overdraft as per the Cash Book (4,700-3,000)

1,700

 

 

 

4,700

4,700

 

Question PQ 20

Q 20

Solution PQ 20

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

i.

Overdraft as per the Pass Book

 

36,000

ii.

Cheques issued but not presented for payment

 

19,700

iii.

Cheques deposited with bank but not collected

25,000

 

iv.

Cheques entered in the Cash book but not deposited in bank

9,000

 

v.

Amount directly deposited by customer

 

11,000

 

Overdraft as per the Cash Book (66,700-34,000)

32,700

 

 

 

66,700

66,700

 

Question PQ 21

Q 21

Solution PQ 21

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

 

Debit Balance as per the Pass Book

 

10,000

i.

Cheque issued in March but presented for payment in April

 

5,000

ii.

Cheques deposited but not cleared in March

2,800

 

iii.

Bank charges not entered in the Cash Book

25

 

iii.

Interest on Investment collected by bank not entered in the Cash Book

 

350

iv.

Cheque entered in the Cash Book but not deposited in bank

600

 

v.

Bill discounted with bank not recorded in cash

 

5,000

 

Overdraft as per the Cash Book (20,350-3,425)

16,925

 

 

 

20,350

20,350

 

Chapter 12 - Bank Reconciliation Statement Exercise 12.49

Question PQ 22

Q 22

Solution PQ 22

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

 

Overdraft as per the Pass Book

 

10,700

i.

Cheque issued in March 2019 but presented in April 2019

 

900

ii.

Cheques deposited but not cleared during March 2018

2,200

 

iii.

Interest on Overdraft

1,200

 

iv.

Interest on Investment not recorded in the Cash Book

 

5,000

v.

Bank Charges

50

 

vi.

Amount of bill dishonoured not entered in the Cash Book 

800

 

 

Overdraft as per the Cash Book (16,600-4,250)

12,350

 

 

 

16,600

16,600

 

Question PQ 23

Q 23

Solution PQ 23

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

 

Overdraft as per the Pass Book

 

5,220

i.

Cheques deposited but not cleared

6,000

 

ii.

Cheques dishonoured not entered in the Cash Book 

800

 

iii.

Bank Charges

50

 

iv.

Interest on overdraft excess credited in the Cash Book

 

200

v.

Amount wrongly credited in the Pass Book

 

900

vi.

Cheques issued but not presented for payment

 

400

 

Balance as per the Cash Book (6,850-6,720)

 

130

 

 

6,850

6,850

 

Question PQ 24

Q 24

Solution PQ 24

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

 

Debit balance as per the Pass Book

 

2,500

i.

Cheques issued but not presented in March

 

2,000

ii.

Cheque deposited in March but cleared in April

500

 

iii.

Bill dishonoured was not entered in the Cash Book 

2,000

 

iv.

Cheque debited in the Cash book but not entered in the Cash Book

300

 

v.

Interest allowed by bank but was not entered in the Cash Book

 

400

 

Overdraft as per the Cash Book (4,900-2,800)

2,100

 

 

 

4,900

4,900

 

Question PQ 25

Q 25

Solution PQ 25

 

Bank Reconciliation Statement

as on October 31, 2018

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

i.

Overdraft as per the Pass Book

 

16,500

ii.

Interest on overdraft

1,250

 

iii.

Bank charges

35

 

iv.

Cheques issued but not presented for payment

 

11,500

v.

Cheques deposited but cleared

2,500

 

vi.

Interest on investment was not recorded in the Cash Book

 

1,800

 

Overdraft as per the Cash Book (29,800-3,785)

26,015

 

 

 

29,800

29,800

 

Chapter 12 - Bank Reconciliation Statement Exercise 12.50

Question PQ 29

Q 29

Solution PQ 29

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

i.

Overdraft as per the Pass Book

 

33,000

ii.

Cheques issued but not presented for payment

 

17,500

iii.

Cheques deposited but not collected

21,000

 

iv.

Cheque recorded in the Cash Book but not sent to bank for collection

4,000

 

v.

Payment directly deposited by customer in the bank

 

7,000

vi.

Bank Charges

40

 

vii.

Insurance Premium of life Insurance policy directly paid form the bank but not recorded in the Cash book

360

 

viii.

Bill dishonoured

6,000

 

viii.

Nothing charged paid by bank

20

 

 

Overdraft as per the Cash Book (57,500-31,420)

26,080

 

 

 

57,500

57,500

 

Question PQ 26

Q 26

Solution PQ 26

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

i.

Overdraft as per the Pass Book

 

12,000

ii.

Cheques issued but not presented for payment

 

67,000

iii.

Cheques deposited but not collected

3,000

 

iv.

Bank Charged Interest on overdraft

500

 

v.

Amount directly paid by a debtor

 

400

v.

Interest received on Investment

 

600

vi.

A cheque entered in the Cash book but not sent to bank collection

200

 

 

Overdraft as per the Cash Book (80,000-3700)

76,300

 

 

 

80,000

80,000

 

Question PQ 27

Q 27

 

Solution PQ 27

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

i.

Overdraft as per the Pass Book

 

10,000

ii.

Cheques issued but not presented for payment during March

 

20,000

iii.

Interest charged by bank on Overdraft

1,500

 

iv.

Cheques deposited in to bank but not collected

20,000

 

v.

Insurance premium paid by bank but not entered in the Cash Book

100

 

vi

Bank changing commission not entered in the cash book

200

 

 

Overdraft as per Cash Book (30,000-21,800)

8,200

 

 

 

30,000

30,000

 

Question PQ 28

Q 28

Solution PQ 28

 

Bank Reconciliation Statement

as on March 31, 2019 

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

i.

Overdraft as per the Pass Book

 

16,500

ii.

Cheques issued but not presented for payment

 

8,750

iii.

Cheques deposited but not collected

10,500

 

iv.

Cheque entered in the Cash Book but not sent to bank for collection

2,000

 

v.

Amount directly deposited in to bank by customer

 

3,500

vi.

Bank charges

200

 

vii.

Insurance premium paid by bank not recorded in the Cash Book

1,980

 

viii.

Bill dishonoured

3,000

 

viii.

Noting charges paid by bank

100

 

 

Overdraft as per the Cash Book (28,750-17,780)

10,970

 

 

 

28,750

28,750

 

Chapter 12 - Bank Reconciliation Statement Exercise 12.51

Question PQ 30

Q 30

Solution PQ 30

a. Without correcting Cash Book Balance

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

i.

Bank Balance as per Cash Book

40,000

 

ii.

Cheques issued but not encashed

10,000

 

iii.

Cheques deposited but not cleared

 

15,000

iv.

Interest on Investments collected by Bank

500

 

v.

Cheques deposited directly in bank

12,500

 

vi.

Bank Charges

 

100

 

Balance as per the Pass Book (63,000-15,100)

 

47,900

 

 

63,000

63,000

 

 

b. After correcting Cash Book Balance

 

Cash Book (Adjusted)

for the month of March 31, 2019

Dr.

 

 

 

 

Cr.

Date

Particulars

Bank

(Rs.)

Date

Particulars

Bank

(Rs.)

2019

 

 

2019

 

 

Mar 31

To Balance b/d

40,000

Mar 31

By Bank Charges A/c

100

 

To Interest on Investments A/c

500

 

By Balance c/d

52,900

 

To Cheques omitted to enter A/c

12,500

 

 

 

 

 

53,000

 

 

53,000

 

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

 

Adjusted Balance as per the Cash Book

52,900

 

i.

Cheque issued but not encashed

10,000

 

ii.

Cheques deposited but not cleared

 

15,000

 

Balance as per the Pass Book (62,900-15,000)

 

47,900

 

 

62,900

62,900

 

Question PQ 31

Q 31

Solution PQ 31

 

 

Cash Book (Adjusted)

for the month of March 31, 2019

Dr.

 

 

 

 

Cr.

Date

Particulars

Bank

Rs. 

Date

Particulars

Bank

Rs. 

2019

 

 

2019

 

 

Mar 31

To Cheques Omitted to enter A/c

3,000

Mar 31

By Balance b/d (Overdraft)

80,000

Mar 31

To Bills Collection A/c

20,000

Mar 31

By Adjustment for undercasting A/c

1,000

Mar 31

To Bank Charges A/c

100

Mar 31

By Cheques returned A/c

4,000

Mar 31

To Balance c/d

66,900

Mar 31

By Cheque recorded twice A/c

5,000

 

 

90,000

 

 

90,000

 

 

Bank Reconciliation Statement

as on March 31, 2019

Sr.

No.

Particulars

(+) 

Rs. 

(-) 

Rs. 

 

Overdraft as per the (adjusted) Cash Book

 

66,900

i.

Cheques recorded in the Cash Book but not sent to bank for collection