15. On 1st January, 2024, Naresh had an overdraft of ₹ 40,000 as shown by his Cash Book in the bank column. Cheques amounting to ₹ 10,000 had been deposited by him but were not collected by the bank by 1st January, 2024. He issued cheques of ₹ 7,000 which were not presented to the … Read more
14. Bank Reconciliation Statement is prepared as on 31st balance as March, 2024 starting with credit per Bank Pass 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: Bank had allowed interest and credited the account by ₹ 5,000. … Read more
13. Prepare Bank Reconciliation Statement as on 31st March, 2024 from the following particulars: ₹ (i) Bank balance as per Pass Book 10,000 (ii) Cheque deposited into the Bank, but no entry was passed in the Cash Book 500 (iii) Cheque received and entered in the Cash Book but not sent to bank … Read more
12. Prepare Bank Reconciliation Statement as on 30th September, 2023 from the following ₹ (i) Bank Balance as per Pass Book 10,000 (ii) Cheque deposited into bank, but no entry was passed in Cash Book. 500 (iii) Cheque received and entered in Cash Book but not sent to bank 1,200 (iv) Insurance premium … Read more
11. Bank Statement of a customer shows bank balance of ₹ 62,000 on 31st March, 2024. On comparing it with the Cash Book the following discrepancies were noted: Cheques were paid into the bank in March, 2024 but were credited in April, 2024: P ₹ 3,500; Q ₹ 2,500; R ₹ 2,000. Cheques issued in … Read more
10. Draw Bank Reconciliation Statement showing adjustment between your Cash Book and Pass Book as on 31st March, 2024: On 31st March, 2024 your pass book showed a balance of ₹ 6,000 to your credit. Before that date, you had issued cheques amounting to ₹ 1,500 of which cheques of ₹ 900 have been presented … Read more
10. Draw Bank Reconciliation Statement showing adjustment between your Cash Book and Pass Book as on 31st March, 2024: On 31st March, 2024 your pass book showed a balance of ₹ 6,000 to your credit. Before that date, you had issued cheques amounting to ₹ 1,500 of which cheques of ₹ 900 have been presented … Read more
8. A Bank Reconciliation Statement is prepared as on 31st March, 2024 starting with debit 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: Bank had wrongly debited the account by ₹ 25,000 on 31st … Read more
7. On examining the Bank Statement of Mukesh Bros., it is noticed that the balance shown on 31st March, 2024, differs from the bank balance of ₹ 23,650 shown by the Cash Book on that date. From a detailed comparison of the entries, it is found that: ₹2,860 is entered in the Cash Book as … Read more
6. Prepare a Bank Reconciliation Statement as on 31st March, 2024 from the following: On 31st March, 2024, Cash Book of a firm showed bank balance of ₹ 36,000 (Dr.) Cheques had been issued for ₹ 30,000, out of which cheques of ₹ 24,000 were presented for payment. Cheques of ₹ 8,400 were deposited in … Read more