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

2. 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...

3. 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....

4. 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...

5. 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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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%...

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 ₹...

26. 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...

27. 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...

28. 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...

29. 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...

30. 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)...