CBSE Class 11-commerce Answered
On 31st December, 2015 the passbook of
Ms. Shetty shows a credit balance of Rs.5,845.
Cheques of Rs.1,450 were sent to the bank; of which only Rs.790 was collected and credited. Two cheques
drawn for Rs.500 and Rs.100, respectively, were not presented for payment till 31st January
2004. Bank has paid a bill payable amounting to Rs.1,000 but it has not been entered in the cash
book and a bill receivable of Rs.500
which was discounted with the bank was dishonoured. The bank has charged Rs.50 as its commission for collecting cheques
and has allowed interest Rs.650 on the
balance.
Prepare a bank reconciliation
statement and show the balance as per the cash book.
Asked by Topperlearning User | 18 Jul, 2016, 04:09: PM
Expert Answer
Bank Reconciliation Statement of Ms. Shetty as on 31st December, 2015
|
|||
|
Particulars |
Amount Rs. |
Amount Rs. |
|
Balance as per Pass Book (Cr.) |
|
5,845 |
Add |
Cheque deposited but not credited (1450 - 790) |
660 |
|
|
Bills payable not recorded in cash book |
1,000 |
|
|
Bills receivable dishonoured |
500 |
|
|
Bank Charges |
50 |
2,210 |
|
|
|
8,055 |
Less |
Cheque issued but not debited by bank (500 + 100) |
600 |
|
|
Interest allowed by the bank |
650 |
1,250 |
|
Balance as per Cash Book (Dr.) |
|
6,805 |
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