25. Prepare Bank Reconciliation Statement from the following particulars as on 31st March, 2024 when Pass Book shows a debit balance of ₹ 2,500: Cheque issued for ₹ 5,000 but up to 31st March, 2024 only ₹ 3,000 could be cleared. Cheques deposited for ₹ 5,500 but cheques of ₹ 500 were collected on 10th … Read more
24. Komal needs help in preparing the Bank Reconciliation Statement as on 31st May, 2024, based on the following information reported by his cashier: Bank balance as per the Bank Statement received is ₹ 15,640 (Dr.) Of the total cheques deposited for ₹ 60,000 and issued for ₹ 40,000, 10% of each were cleared and … Read more
23. On 31st March, 2024, Pass Book of Sapna shows debit balance of ₹ 10,000. From the following particulars, prepare Bank Reconciliation Statement: Cheques amounting to ₹ 8,000 drawn on 25th March, 2024 of which cheques of ₹ 5,000 cashed in April, 2024. Cheques paid into bank for collection of ₹ 5,000 but cheques of … Read more
22. From the following information, prepare Bank Reconciliation Statement as on 31st March, 2024: ₹ (i) Bank overdraft as per 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 Cash Book but not banked 9,000 (v) Directly … Read more
21. From the following particulars, ascertain the Pass Book balance of M/s Deepak & Co. as on 31st March, 2024: Bank overdraft as per Cash Book on 31st March, 2024 ₹ 63,400. Interest on overdraft for 6 months ending 31st March, 2024, ₹ 1,600 is entered in the Pass Book. Bank charges of ₹ 300 … Read more
20. Overdraft balance shown by the bank column in the Cash Book of Vivek is ₹ 45,000. Prepare Bank Reconciliation Statement as on 3lst December, 2017: A post-dated cheque of ₹ 5,000 previously discounted with the bank had been dishonoured and debited in the Pass Book. Interest on investment collected by the bank and credited … Read more
19. Prepare Bank Reconciliation Statement from the following: On 31st March, 2024, a merchant’s Cash Book showed a credit bank balance of ₹ 10,500 but due to the following reasons the Pass Book showed a difference: A cheque of ₹ 540 issued to Mohan has not been presented for payment. A post-dated cheque for ₹ 100 … Read more
18. On 31st March, 2024, Cash Book of a merchant showed bank overdraft of ₹ 1,72,985. On comparing the Cash Book with Bank Statement, following discrepancies were noted: Cheques issued for ₹ 60,000 were not presented in the bank till 7th April, 2024. Cheques amounting to ₹ 75,000 were deposited in … Read more
17. Tiwari & Sons find that the bank balance shown by their Cash Book on 31st March, 2024 is ₹ 40,500 (Credit) but the Pass Book shows a difference due to the following reasons: A cheque for ₹ 5,000 drawn in favour of Manohar has not yet been presented for payment. A post-dated cheque for … Read more
16. A Bank Reconciliation Statement is prepared as on 3lst March, 2024 starting with credit balance as per Cash Book. State whether the following transactions will be shown in the Bank Reconciliation Statement by adding or deducting these from the given balance giving reason: Cheque of ₹ 10,000 deposited was dishonoured. Cheque of ₹ 20,000 … Read more