BRS Exam Based Problems
Arjun EP
These problems and questions are the BEST collection for sure shot success in the examination. These are based on board exam.
********
|
EXAM BASED PROBLEMS AND ANSWERS |
Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු =
BALANCE AS PER CASH BOOK
PROBLEM: 1
The following extracted particulars are available for you on 31st December of John Traders:
a. Bank balance as per cash book Rs 4,000.
b. Cheque issued prior to Dec 31 but not yet presented for payment Rs 4,600.
c. Cheque sent for collection of Rs 15,000 on Dec 25th, has not yet been credited by bank.
d. Rs 800 have wrongly been credited in the pass book by the bank.
e. Interest Rs 150 collected and credited by the bank.
Required: Prepare a bank reconciliation statement
[Answer: Overdraft as per pass book = (5,450)]
PROBLEM: 2
Following extracted transactions are given below by Abdul Enterprises:
Bank balance on 31st Dec as per cash book Rs 15,000.
Cheque issued but not presented for payment Rs 8,000.
Cheque deposited but not credited by bank Rs 10,000.
Bank charge debited on pass book only Rs 500.
A customer directly deposited into bank Rs 5,000.
Electricity bills paid by bank Rs 2,000
Prepare bank reconciliation statement
[Answer: Balance as per pass book = Rs 15,500]
PROBLEM: 3
Heena Impex has following extracted information:
Bank balance on March 31st as per cash book Rs 2,500.
Cheque issued but not presented for payment Rs 2,000.
Payment made by bank as per standing:
Life insurance premium Rs 2,100
Electricity charge Rs 290
Cheque paid into bank but not yet credited by bank Rs 5,000.
Interest on investment collected and credited by the bank but not shown in cash book Rs 500.
Required: Bank reconciliation statement
[Answer: Overdraft as per pass book = (Rs 2,390)]
PROBLEM: 4
Following information is given by Max Services:
a. On March end, the cash book showed a debit balance of Rs 5,000.
b. Cheque deposited into bank but not yet credited by bank Rs 2,000.
c. Cheque issued but not presented Rs 3,000.
d. Rs 1,000 has wrongly been credited in the pass book by the bank.
e. Bank charges debited in pass book Rs 100.
Required: Bank reconciliation statement
[Answer: Balance as per pass book = Rs 6,900]
PROBLEM: 5
Moon Digital has following extracted information:
a. Cash book showed a balance of Rs 60,000 on September.
b. Cheques amounting Rs 15,000 sent to bank for collection but cheque of Rs 10,000 only was credited.
c. Cheque issued but has not been presented for payment Rs 6,000.
d. Bank charge of Rs 500 has not been recorded in cash book.
e. Cheque of Rs 1,000 was recorded in cash book but not sent to bank.
Required: Bank reconciliation statement
[Answer: Balance as per pass book = Rs 59,500]
PROBLEM: 6
Following information are given by Mack Developer for the month of February:
a. Cash book showed a bank balance of Rs 2,000.
b. A cheque of Rs 10,000 deposited on 25th Feb, has yet not been credited by bank.
c. Out of the cheque issued for Rs 4,000 on 23rd Feb, only cheque of Rs 2,500 has been presented for payment.
d. A customer has directly deposited Rs 4,000 into bank but not recorded in cash book.
e. Bank charge of Rs 100 debited only in pass book
f. Interest earned of Rs 250 credited only in pass book.
Required: Bank reconciliation statement
[Answer: Overdraft as per pass book = Rs 2,350]
PROBLEM: 7
Following extracted information are given to you by Care Medical Store:
1. At the end of September, the cash book showed a balance of Rs 50,000.
2. Cheque issued but not presented for payment Rs 30,000.
3. Cheque sent for collection but not yet credited by bank Rs 20,000.
4. Rs 10,000 has been wrongly been credited in passbook by bank.
5. Insurance premium of Rs 1,000 direct paid by bank.
Required: Bank reconciliation statement
[Answer: Balance as per pass book = Rs 69,000]
PROBLEM: 8
SB Book Store has following information:
a. Cash book showed a balance of Rs 20,000 on ending of March.
b. Cheques amounting to Rs 2,500 were sent to bank for collection, but cheque of only Rs 2,000 was credited in pass book.
c. Cheque drawn but not presented for payment Rs 3,000.
d. A customer has directly deposited Rs 5,000 into bank but not recorded in cash book.
e. Service charge Rs 100 shown in pass book only.
f. Interest earned of Rs 500 credited only in pass book.
Required: Bank reconciliation statement
[Answer: Balance as per pass book = Rs 27,900]
PROBLEM: 9
Sewa (P) Ltd showed following extracted balance on 31st May:
1. Cash book showed a bank balance Rs 55,000.
2. Cheques of Rs 20,000 deposited into bank on May 25, has been credited only Rs 10,000 in the month.
3. Out of the cheques issued of Rs 15,000 on May 20, only a cheque of Rs 10,000 has been presented for payment.
4. Interest income of Rs 5,000 is credited in the bank but not shown in cash book.
5. Cheque of Rs 4,000 received from Shyam is entered into cash book but omitted to send in the bank.
6. Bank commission entered in bank pass book but not mentioned in the cash book Rs 1,000.
Required: Bank reconciliation statement
[Answer: balance as per pass book = Rs 50,000]*commission is expenses]
PROBLEM: 10
On Marg 30, cash book of PQ (P) Ltd showed a bank balance Rs 90,000.
a. Service charge entered in bank statement but not entered in cash book Rs 1,000.
b. Interest income of Rs 10,000 credited in bank statement but not shown in cash book.
c. Cheques totalling Rs 50,000 issued on different dates, only cheques of Rs 41,000 were presented for payment.
d. Cheques totalling Rs 60,000 sent for deposit on different dates, the bank has credited only Rs 55,000 during Marg.
e. A customer directly deposited Rs 4,000 into bank has not been recorded into cash book.
Required: Bank reconciliation statement
[Answer: Balance as per pass book = Rs 107,000]
PROBLEM: 11
The extracted information of ABC Trader is given below on 31st May:
Balance of bank account as per cash book Rs 30,000. On-going through the pass book, the following differences are noted:
Various cheques of Rs 20,000 were issued for payment but cheque of Rs 15,000 was presented for payment.
Various cheques of Rs 10,000 paid into bank, out of these a cheque of Rs 4,000 has not credited by the bank.
Insurance premium paid by bank but not entered in the cash book Rs 5,000.
Bank charge made by bank but not recorded in cash bank of Rs 100.
Dividend collected by bank but not recorded in cash book Rs 1,000.
Required: Bank reconciliation statement
[Answer: balance as per pass book = Rs 26,900]
OVERDRAFT AS PER CASH BOOK
PROBLEM: 12
The following particulars are available of Sam General Store:
1. The cash book showed an overdraft of Rs 10,500 on 31st December:
2. Bank charges and interest on overdraft debited in pass book and not recorded in cash book Rs 480.
3. Cheque drawn prior to December 31, but not cashed Rs 2,500.
4. Cheque paid into the bank prior to December 31, but not credited by the bank Rs 5,300.
Required: Bank reconciliation statement
[Answer: Overdraft as per Pass Book = Rs 13,780]
PROBLEM: 13
ABC Cargo has following extracted information:
Cash book showed on overdraft balance Rs 10,000 on March end.
Bank statement showed a cheque of Rs 13,000 deposited into bank but not recorded into cash book.
A cheque of Rs 5,000 was issued has been presented in April 1.
Bank charge of Rs 300 has not been recorded in cash book.
A debtor has directly deposited Rs 2,500 in the bank but has not been recorded in the cash book.
Required: Bank reconciliation statement
[Answer: Balance as per cash book = Rs 10,200]
PROBLEM: 14
RED Web Developer has following information:
a. Cash book showed credit balance of Rs 5,900 on 30 June last month:
b. Cheques amounting to Rs 1,850 were sent to bank for collection, but cheques only Rs 1,380 were credited in pass book upto 30 Jun.
c. Cheques of Rs 25,000 were issued, but cheques of only Rs 18,000 were presented for payment up to Jun.
d. Rs 150 was debited in pass book for interest on overdraft.
e. A cheque of Rs 135 which was debited in the bank column of the cash book was not sent to the bank
Required: Bank Reconciliation Statement
[Answer: balance as per pass book = Rs 345]
###########
Click on link for YouTube videos
ACCOUNTING EQUATION http://tiny.cc/c89jkz
BASIC JOURNAL ENTRIES IN NEPALI http://tiny.cc/uaakkz
BASIC JOURNAL ENTRIES http://tiny.cc/8aakkz
JOURNAL ENTRY AND LEDGER http://tiny.cc/caakkz
LEDGER http://tiny.cc/haakkz
SUBSIDIARY BOOK http://tiny.cc/399jkz
CASH BOOK http://tiny.cc/889jkz
TRIAL BALANCE & ADJUSTED TRIAL BALANCE http://tiny.cc/c59jkz
BANK RECONCILIATION STATEMENT (BRS) http://tiny.cc/q59jkz
DEPRECIATION http://tiny.cc/ugakkz
FINAL ACCOUNT: CLASS 11 http://tiny.cc/y89jkz
ADJUSTMENT IN FINAL ACCOUNT http://tiny.cc/keakkz
CAPITAL AND REVENUE http://tiny.cc/peakkz
SINGLE ENTRY SYSTEM http://tiny.cc/n19jkz
NON-PROFIT ORGANIZATION (NON-TRADING CONCERN http://tiny.cc/j09jkz
GOVERNMENT ACCOUNTING http://tiny.cc/hcakkz
GOSWARA VOUCHER (JOURNAL VOUCHER) http://tiny.cc/hcakkz
###########
BALANCE AS PER PASS BOOK
PROBLEM: 15
Spice Café has following extracted information:
a. On 31st March, the pass book of a company showed a balance of Rs 10,000.
b. A cheque of Rs 13,000 deposited on March 28, has not yet been credited by the bank.
c. Cheques drawn but not yet presented for payment Rs 2,000
d. Bank charges debited in pass book Rs 400
e. Insurance premium paid by bank as per standing instruction Rs 1,200
Required: Bank reconciliation statement on 31st March.
[Answer: Balance as per cash book = Rs 22,600]
PROBLEM: 16
Askari Group has following information:
· Bank balance as per pass book on 31st December Rs 22,000
· Cheques drawn on 22 Dec but not presented for payment Rs 6,500
· Bank charges debited in pass book only Rs 600
· Cheques deposited before 31st Dec but not credited by bank Rs 11,000
· A customer directly deposited into bank Rs 5,500
Required: Bank reconciliation statement on 31st December.
[Answer: Balance as per cash book = Rs 21,600]
PROBLEM: 17
Aisha Steel has following information:
a. On April 30th, the pass of a company showed a balance of Rs 20,000
b. A cheque of Rs 15,000 deposited on April 25, has not yet been credited by bank
c. Cheques of Rs 10,000 were issued, but cheques of Rs 6,000 only were presented for payment
d. Bank charges debited only in pass book Rs 500
e. A customer directly deposited into bank Rs 5,000 but not shown in cash book
f. Insurance premium paid by bank as per instruction of Rs 1,000 but not shown in cash book
g. A cheque of Rs 2,000, which was debited in the cash book, is not sent to bank yet.
Required: Bank reconciliation statement
[Answer: Balance as per cash book = Rs 29,500]
PROBLEM: 18
Byco Gas Agency has following information:
a. On March 31, the pass book showed a bank balance of Rs 70,000
b. Service charge entered in pass book, but not recorded in cash book Rs 500
c. Cheques of Rs 60,000 were issued for payment but presented for payment only Rs 5,000
d. Cheques sent for collection but not deposited by bank Rs 80,000
e. Insurance premium paid by bank but not entered in cash book Rs 3,000
f. Interest on investment collected and credited by bank but not recorded in cash book Rs 1,000
Required: Bank Reconciliation Statement
[Answer: Balance as per cash book = Rs 97,500]
PROBLEM: 19
Following extracted information are given to you BG Cycle Store:
1. On May 31st, balance as per pass book Rs 16,000.
2. Cheques of Rs 5,000 were issued but only Rs 3,000 presented for payment.
3. Interest on investment was credited by bank Rs 500.
4. Bank charge debited by bank Rs 100 but not entered in the cash book.
5. A cheque of Rs 200 was debited in the cash book was not sent to bank for collection.
Required: Bank reconciliation statement
[Answer: Balance as per cash book = Rs 13,800]
PROBLEM: 20
Lucky Cement House has following information:
a. On 31st December, the pass book showed a balance of Rs 100,000.
b. Cheques sent for collection but not collected by bank Rs 30,000.
c. Service charge shown in pass book but not recorded in cash book Rs 300
d. Cheques of Rs 20,000 were issued but only of Rs 10,000 were presented for payment
e. Electricity bill of Rs 3,000 was paid by bank but not recorded in the cash book
f. Cheque of Rs 5,000 was received and entered in the cash book but omitted to send to bank for collection.
Required: Bank reconciliation statement
[Answer: Balance as per cash book = Rs 128,300]
OVERDRAFT AS PER PASS BOOK
PROBLEM: 21
K&N Store has following extracted information:
a. Overdraft as per pass book Rs 20,000.
b. Cheque issued of Rs 2,400 but present for payment.
c. Legal charge paid by bank Rs 600.
d. Customer paid Rs 5,000 into bank directly.
e. Out of cheques of Rs 1,200 and Rs 1,500 deposited into bank, the first was credited in the pass book.
Required: Bank reconciliation statement for the month of October.
[Answer: Overdraft as per cash book = (Rs 25,300)]
PROBLEM: 22
Hub Business has following extracted information:
Debit balance as per pass book Rs 15,000
Bank statement showed a cheque of Rs 1,000 deposited into bank but not recorded in the cash book.
A cheque of Rs 2,000 is deposited but not collected by bank
Bank charges recorded twice in the cash book Rs 100
Bills collected by bank but not recorded in cash book Rs 3,000
Required: Bank reconciliation statement
[Answer: Overdraft as per cash book = (Rs 17,100)]
PROBLEM: 23
Following extracted information are given to you by Khan Fragrance Store for the month of August:
a. On 31st August, the pass book showed an overdraft Rs 76,000.
b. Cheque sent for collection but collected by bank Rs 85,000.
c. Service charge is shown in pass book but not recorded in cash book Rs 100.
d. Cheques of Rs 40,000 were issued, presented for payment in Chaitra Rs 6,000 and rest of other present for payment in September 2.
e. Telephone bill paid by bank but not recorded in the cash book Rs 5,000.
f. Cheque of Rs 10,000 was received and entered in cash book but not sent to bank.
Required: Bank reconciliation statement
[Answer: Overdraft as per cash book = Rs 9,900]
###########
***********
Thank for investing your time.
Please comment on article..
You can help me by sharing this article at your social media platform.
Jay Google, Jay YouTube, Jay Social Media
जय गूगल, जय युट्युब, जय सोशल मीडिया
You might also like
Income Statement under NFRS | Balance Sheet under NFRS | P&S 1
Balance Sheet under NFRS | Statement of Financial Position under NFRS | Solution
Income Statement under NFRS | Profit or Loss Statement under NFRS | SOLUTION
Income Statement under NFRS | Balance Sheet under NFRS | EXPLANATION
Financial Statement under NFRS| Classification of Accounting Standards
Swar | Vyanjak | A Aa I Ee | Ka Kha Ga Gha | Ka Kaa Ki Kee | Barahkhadi | Kra Khra Gra
ABCD | British Phonetic ABCD | American Phonetic ABCD | ABCD in Devanagari
The Half-closed Eyes of the Buddha and the Slowly Sinking Sun | All Solution | NEB English Class 12 | Short Story Q&A
