T S Grewal Problems & Solutions
Chapter-12 : Bank Reconciliation Statement
1. Prepare Bank Reconciliation Statement from the following: ₹ (i) Debit balance as per the Cash Book 30,000 (ii) Cheques deposited but not cleared 2,000 (iii) Cheques issued but not presented for payment 3,000 (iv) Bank interest 400 T.S.Grewal/2024 Edition/Practical Problems/Q-01 Answer : Back
Read More2. Ramesh has his account with State Bank of India. According to his Cash Book, his bank balance on 31st March, 2024 was ₹ 72,950. He sent cheques for ₹ 90,075 to his bank for collection but cheques amounted to ₹ 43,769 were not collected by that date. Out of...
Read More3. On 31st December, 2023, bank column of the Cash Book of Gurman showed balance of ₹ 12,000 but the Pass Book showed a different balance due to the following reasons: Cheques paid into the bank ₹ 8,000 but out of these only cheques of ₹ 6,500 credited by bank....
Read More4. Cash Book of John shows a balance of ₹ 12,500. On comparing the Cash Book with the Pass Book, following discrepancies were noted: ₹ (i) Cheques issued but not yet presented for payment 6,000 (ii) Cheques deposited in the bank but not collected 9,000 (iii) Bank paid...
Read More5. From the following particulars, prepare Bank Reconciliation Statement as 31st December, 2023: Debit balance as per Cash Book ₹ 10,000. A cheque for ₹ 500 issued in favour of Karan has not been presented for payment. A post-dated cheque of ₹1,000 debited in the bank column of the Cash Book...
Read More6. 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...
Read More7. 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...
Read More8. 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...
Read More10. 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...
Read More10. 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...
Read More11. 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...
Read More12. 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...
Read More13. 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...
Read More14. 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...
Read More15. 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...
Read More16. 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...
Read More17. 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...
Read More18. 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...
Read More19. 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...
Read More20. 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...
Read More21. 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....
Read More22. 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...
Read More23. 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...
Read More24. 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%...
Read More25. 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 ₹...
Read More26. On checking the Bank Pass Book it was found that it showed an overdraft of ₹ 3,220 as on 31st March, 2024, while as per Ledger it was different. The following differences were noted: Cheques deposited but not yet credited by the bank ₹ 6,000. Cheques dishonoured and debited...
Read More27. From the following particulars, you are required to ascertain the bank balance as would appear in the Cash Book of Ramesh as on 31st October, 2023: Bank Pass Book showed an overdraft of ₹ 16,500 on 3lst October. Interest of ₹ 1,250 on overdraft up to 3lst October, 2023...
Read More28. From the following particulars of Gurpreet, prepare Bank Reconciliation Statement showing the balance as per Cash B0ok on 31st March, 2024: Balance as per Pass Book on 31st March, 2024 overdrawn ₹ 10,000. Cheques drawn in the last week of March, 2024 but not cleared till 3rd April, 2024...
Read More29. Prepare Bank Reconciliation Statement as on 31st March, 2024 from the following particulars: Raj’s overdraft as per Pass Book ₹ 12,000 as on 31st March, 2024. On 30th March, 2024 cheques had been issued for ₹ 70,000 of which cheques amounting to ₹ 3,000 only had been encashed up...
Read More30. From the following information supplied by Sanjay, prepare his Bank Reconciliation Statement as on 3lst March, 2024: ₹ (i) Bank overdraft as per Pass Book 16,500 (ii) Cheques issued but not presented for payment 8,750 (iii) Cheques deposited with the Bank but not collected 10,500 (iv)...
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