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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Prepare bank reconciliation statement as on 31st March, 2017 from the following extracts of cash book and bank statement.

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Question

Prepare bank reconciliation statement as on 31st March, 2017 from the following extracts of cash book and bank statement.

Dr. Cash book (Bank column only) Cr.
Date Receipts Amount ₹ Date Payments Amount ₹
2017
March
    2017
March
   
1 To Balance b/d 9,000 4 By Drawings 1,700
3 To Ram 2,200 8 By Sumi 3,300
9 To Prem 1,500 12 By Salary 2,800
16 To Pavithra 3,400 16 By Kayal 1,700
23 To Devi 2,600 18 By Pooja 4,200
27 To Mani 1,100 26 By Sam 2,000
30 To Shankar 350 28 By Raheem 1,100
      30 By Rent 1,100
      30 By Balance c/d 2,250
    20,150     20,150

 

Date Particulars Dr.
Withdrawals ₹
Cr.
Deposits ₹
Balance
Dr./Cr.
2017
March
       
1 By balance b/d     9,000 Cr.
4 To cheque- drawings     8,300 Cr.
5 By cheque- Ram 700 2,200 10,500 Cr.
9 To cheque – Sumi     7,200 Cr.
11 By cheque- Prem 3,500 1,500 8,700 Cr.
12 To cheque – Salary     5,900 Cr.
17 To cheque – Kayal 2,800   4,200 Cr.
20 By cheque- Devi 1,700 2,600 6,800 Cr.
30 By interest received   900 7,700 Cr.
30 To bank charges 15   7,685 Cr.
Ledger
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Solution

Bank reconciliation statement
as on 31st March, 2017

Particulars Amount ₹ Amount ₹
Balance as per cash book   2,250
Add:    
Interest received but not entered in cashbook 900 10,300
Cheques issued but not presented for payment
(4,200 + 1,100 + 2,000)
7,300
Cheques drawn for personal use but not cashed 1,000
Rent paid by cheque but not entered in cash book 1,100
    12,550
Less:    
Cheques deposits but not yet credited 3,400 4,865
Cheques deposited but not credited 1,100
Cheques deposited but not credited 350
Bank charges not entered in cash book 15
Balance as per bank statement   7,685
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Chapter 8: Bank Reconciliation Statement - Exercises [Page 175]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 8 Bank Reconciliation Statement
Exercises | Q IV 10. | Page 175

RELATED QUESTIONS

Adjusting the cash book before preparing the bank reconciliation statement is compulsory.


From the following particulars of Raheem traders, prepare a bank reconciliation statement as on 31st March, 2018.

  1. Overdraft as per cash book ₹ 2,500. On the same day the balance as per bank statement is ₹ 1,99,000.
  2. Interest on debentures of ₹ 700 was received by the bank directly.
  3. Amount received by bank through RTGS amounting to ₹ 2,00,000, omitted in the cash book.
  4. Two cheques issued for ₹ 1,800 and ₹ 2,000 on 29th March 2018. Only the second cheque is presented for payment.
  5. Insurance premium on car for ₹ 1,000 paid by the bank as per standing instruction not recorded in the cash book.

Prepare bank reconciliation statement from the following data and find out the balance as per cash book as on 31st March, 2018.

Particulars ₹
(i) Bank balance as per bank statement 15,000
(ii) Cheques issued but not yet presented for payment  2,500
(iii) Bank charges not recorded in the cash book  250
(iv) Interest charged by bank not recorded in the cash book  500
(v) Bank paid insurance premium as per standing instruction but not recorded in the cash book 300
(vi) Cheques deposited but not yet credited 900

From the following particulars, ascertain the cash book balance as on 31st December, 2016.

  1. Overdraft balance as per bank statement ₹ 1,26,640
  2. Interest on overdraft entered in the bank statement, but not yet recorded in cash book ₹ 3,200
  3. Bank charges entered in bank statement, but not found in cash book ₹ 600
  4. Cheques issued, but not yet presented for payment ₹ 23,360
  5. Cheques deposited into the bank but not yet credited ₹ 43,400
  6. Interest on investment collected by the bank ₹ 24,000

From the following particulars, prepare a, bank reconciliation statement as at March 31, 2017.
(i) Balance as per cash book ₹ 3,200.
(ii) Cheque issued but not presented for payment ₹ 1,800.
(iii) Cheque deposited but not collected upto March 31, 2017 ₹ 2,000.
(iv) Bank charges debited by bank ₹ 150.


On March 31 2017 the cash book showed a balance of ₹ 3,700 as cash at bank, but the bank passbook made up to same date showed that cheques for ₹ 700, ₹ 300 and ₹ 180 respectively had not presented for payment, Also, cheque amounting to ₹ 1,200 deposited into the account had not been credited. Prepare a bank reconciliation statement


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 with 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 dishonor on March 15, 2017 of a cheque for ₹ 650 received from Bhanu.

Prepare a reconciliation statement as on March 31, 2017.


Raghav and Co. have two bank accounts. Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account of March 31, 2017 according to the cash book of the firm.

  1. Cheques paid into bank prior to March 31, 2017, but not credited for ₹ 10,000.
  2. Transfer of funds from account No. II to account no. I recorded by the bank on
  3. March 31, 2017 but entered in the cash book after that date for ₹ 8,000.
  4. Cheques issued prior to March 31, 2017 but not presented until after that date for ₹ 7,429.
  5. Bank charges debited by bank not entered in the cash book for ₹ 200.
  6. Interest debited by the bank not entered in the cash book ₹ 580.
  7. Overdraft as per Passbook ₹ 18,990.

From the following particulars, prepare a bank reconciliation statement as at March 31, 2017.

  1. Balance as per cash book ₹ 3,200
  2. Cheque issued but not presented for payment ₹ 1,800
  3. Cheque deposited but not collected upto March 31, 2014 ₹ 2,000
  4. Bank charges debited by bank ₹ 150

From the following particulars, prepare a bank reconciliation statement as at March 31, 2017.

  1. Balance as per cash book ₹ 3,200
  2. Cheque issued but not presented for payment ₹ 1,800
  3. Cheque deposited but not collected upto March 31, 2014 ₹ 2,000
  4. Bank charges debited by bank ₹ 150

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