It is the second step of solution related to bank reconciliation statement problems and solution.
Overdraft balance as per cash book or credit balance as per cash book is same.
Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු =
PROBLEM: 2A
Due to errors, Kalpana Traders has credit cash balance Rs 15,000 on 31st March.
On scrutiny, following data found-out:
1. Cheques issued of Rs 56,000 but presented for payment Rs 16,000 only.
2. Cheque deposited into bank Rs 17,000 but not recorded in cash book.
3. Dividend collected by bank but not recorded in cash book Rs 800.
4. Cheque deposited but not yet collected by bank Rs 27,000.
5. Rs 6,000 is wrongly debited by bank.
Required: Bank reconciliation statement
[Answer: Balance as per pass book = Rs 9,800]
SOLUTION:
Bank Reconciliation Statement
For the month of March
Particulars |
Amount |
Amount |
|
Credit balance (overdraft) as per cash book |
|
(15,000) |
|
Add: |
Cheque issued but not yet presented for payment (56,000 – 16,000) Cheque deposited into bank but not recorded in cash book. Dividend collected by bank |
40,000 17,000 800 |
57,800 |
|
|
|
42,800 |
Less: |
Cheque sent for collection but not yet been credited by bank Amount wrongly debited by bank |
27,000 6,000 |
(33,000) |
Balance as per pass book |
|
9,800 |
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ACCOUNTING EQUATION http://tiny.cc/c89jkz
BASIC JOURNAL ENTRIES IN NEPALI http://tiny.cc/uaakkz
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PROBLEMS AND ANSWERS |
Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු =
Basic Problem: 2A
LP Traders has overdraft as per cash balance Rs 8,000 on 31st March. On scrutiny, following data found-out:
a. Cheques issued of Rs 45,000 but presented for payment Rs 23,000 only.
b. Cheque deposited into bank Rs 25,000 but not recorded in cash book.
c. Dividend collected by bank but not recorded in cash book Rs 800.
d. Cheque deposited of but not yet collected by bank Rs 35,000.
e. Bank charge debited in pass book by bank Rs 150.
Required: Bank reconciliation statement
[Answer: Balance as per pass book = Rs 4,650]
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