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
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