T. S. Grewal Solutions for Class 11-commerce Accountancy CBSE Chapter 12: Bank Reconciliation Statement

Bank Reconciliation Statement Exercise 12.43

Solution PQ 1

Bank Reconciliation Statement
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Balance as per the Cash Book (Dr.)	15,000
ii.	Cheques deposited but not cleared		1,000
iii.	Cheques issued but not presented.	1,500
iv.	Bank interest	200
	Balance as per the Pass book (cr.) (16,700-1,000)		15,700
		16,700	16,700

Solution PQ 2

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Balance as per the Cash Book	72,950
i.	Cheques sent to bank but not yet cleared		43,769
ii.	Cheques issued but not yet presented for payment	29,344
	Balance as per the Pass Book (1,02,294 - 43,769)		58,525
		1,02,294	1,02,294

Bank Reconciliation Statement Exercise 12.44

Solution PQ 3

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Balance as per the Cash Book	75,000
i.	Two cheques Rs.5,000 and Rs.7,000 were deposited but were not cleared		12,000
ii.	Three cheques Rs.6,000, Rs.8,000 and Rs.12,000 were issued but were not presented for payment	26,000
iii.	Bank allowed Interest	1,250
iv.	Bank Charges		150
v.	Insurance premium less charged		4,500
	Bank as per the Pass Book (1,02,250-16,650)		85,600
		1,02,250	1,02,250

Solution PQ 4

Bank Reconciliation Statement as on June 30, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Balance as per the Cash Book	12,000
i.	Cheque paid in to bank but not cleared		1,500
ii.	Receipt side of Cash Book undercast	200
iii.	Amount directly deposited by customer	3,000
iv.	Cheque issued in june but presented in July.	2,200
v.	Bank allowed Interest	330
vi.	Bank Charges		60
	Balance as per the Pass Book (17,730-1,560)		16,170
		17,730	17,730

Solution PQ 5

Bank Reconciliation Statement
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Balance as per the Cash Book	12,500
i.	Cheques issued but not yet presented for payment	6,000
ii.	Cheques deposited into bank but not collected		9,000
iii.	Bank paid Insurance Premium		5,000
iv.	Bank Charges		300
v.	Amount directly deposited by a customer	8,000
vi.	Interest on Investment Collected by bank	2,000
vii.	Cash discount debited to bank column		200
	Balance as per the Pass Book (28,500-14,500)		14,000
		28,500	28,500

Solution PQ 6

Bank Reconciliation Statement as on December 31, 2008
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Balance as per the Cash Book	10,000
ii.	A cheque for Rs.500 issued to Karan was not presented for payment	500
iii.	Rebate of retiring bill was not recorded	20
iv.	Cheque deposited dishonored		295
v.	A sum of Rs.800 deposited in bank recorded wrongly as Rs.80 in the pass book		720
vi.	Payment side of the Cash book under cast		200
vii.	Dishonour of bill has not been recorded in the cash book		1,000
	Balance as per Pass Book (10,520-2,215)		8,305
		10,520	10,520

Bank Reconciliation Statement Exercise 12.45

Solution PQ 7

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Balance as per the Cash Book	23,650
i.	Cash deposited into bank but not entered in the Pass book		2,860
ii.	Bank Charges not entered the cash Book		70
iii.	Bank Charges for discounting bill not recorded in the Cash Book		270
iv.	Cheque issued but not presented for payment	16,720
v.	Amount directly deposited by the debtor	1,000
vi.	Cheque received from Ram Babu was dishounoured and not recorded in cash book		550
	Balance as per the Pass Book (41,370-3,750)		37,620
		41,370	41,370

Solution PQ 8

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Balance as per the Cash Book	36,000
ii.	Cheques issued not presented	6,000
iii.	Cheque deposited not credited (8,400) and Cheque not presented (3,000)		11,400
iv.	Cheque received deposited into bank and dishonoured		2,400
v.	Bank Charges		120
vi.	Amount directly deposited in the bank account	3,000

	Bank as per the Pass Book (51,610-11,562)		31,080
		45,000	45,000

Solution PQ 9

Bank Reconciliation Statement as on July 31, 2018
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Balance as per the Pass Book	50,000
ii.	Three cheques of Rs. 6,000, Rs. 3,937, Rs. 1,525 were issued but not presented for payment in July, 2017		11,462
iii.	Cheques sent to bank for collection but not entered in the Pass Book	1,150
iv.	Bank charges not entered in the Cash Book	460
iv.	Bank allowed interest		100
	Bank as per the Cash Book (51,610-11,562)		40,048
		51,610	51,610

Solution PQ 10

Bank Reconciliation Statement as on March 31, 2011
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Balance as per the Pass Book	6,000
ii.	Cheque issued but not presented for payment (1,500-900)		600
iii.	Cheque deposited but not entered in the Pass Book	800
iv.	Bank allowed interest		85
v.	Cheque deposited but not entered in the Cash Book		510
	Balance as per the Cash Book (6,800-1,195)		5,605
		6,800	6,800

Bank Reconciliation Statement Exercise 12.46

Solution PQ 11

Bank Reconciliation Statement as on September 30, 2016
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Balance as per the Pass Book	10,000
ii.	Cheque deposited but not entered in the Cash Book		500
iii.	Cheque entered in the Cash Book but not sent to bank	1,200
iv.	Insurance premium paid directly by bank	800
v.	Bank charges entered twice in the Cash Book		20
vi.	Cheque received entered twice in the Cash Book	1,000
vii.	Bill discounted dishonored not entered in the Cash Book	5,000
	Balance as per the Cash Book (18,000 - 520)		17,480
		18,000	18,000

Solution PQ 12

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Balance as per the Pass Book	62,000
i.	Cheque deposited but not credited not credited in the Pass book during March 2019 (3,500+2,500+2,000)	8,000
ii.	Cheque issued but not presented in March 2019 (4,000+4,500)		8,500
iii.	Cheque received form Customer was recorded in Cash Book but not sent to Bank	1,000
iv.	Bank Charges	1,000
v.	Bank allowed interest		2,000
vi.	Interest on Investment Collected by bank but not entered in the Cash Book		2,500
	Balance as per Cash Book (72,000 -13,000)		59,000
		72,000	72,000

Solution PQ 13

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Balance as per the Pass Book	10,000
ii.	Cheque deposited but not entered in the Cash book		500
iii.	Cheque entered in the Cash Book but not deposited in the bank	1,200
iv.	Credit side of the Cash Book undercast	200
v.	Insurance premium paid directly by the bank but not entered in the Cash Book	600
vi.	Bank charges entered twice in the Cash book		20
vii.	Cheque issued but not presented for payment		500
viii.	Cheque received entered twice in the Cash Book	1,000
ix.	Bill discounted and dishonoured but not entered in the Cash Book	5,000
x.	Interest allowed by bank to be reversed		5,000
	Balance as per Cash Book (18,000-6,020)		11,980
		18,000	18,000

Bank Reconciliation Statement Exercise 12.47

Solution PQ 14

Bank Reconciliation Statement as on January 1, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Overdraft as per the Cash Book		40,000
ii.	Cheque deposited but not Cleared Interest		10,000
iii.	Cheque Issued but not presented for payment	7,000
iv.	Bank Charged Interest		600
v.	Bank Charged		500
	Overdraft as per the Pass Book (51,100-7,000)	44,100
		51,100	51,100

Solution PQ 15

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Overdraft as per the Cash Book		40,500
i.	Cheques issued but not presented for payment	5,000
ii.	Post-dated Cheque entered in the Cash Book but not deposited in the bank		900
iii.	Cheque deposited into bank but not collected		10,200
iii.	Cheque dishonoured		4,000
iv.	Rebate on retiring of bill not entered in the Cash Book	150
	Overdraft as per Pass Book (55,600-5,150)	50,450
		55,600	55,600

Solution PQ 16

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Overdraft as per the Cash Book		1,72,985
i.	Cheques issued but not presented for payment	60,000
ii.	Cheques deposited but not collected		75,000
iii.	Cheque deposited but dishonoured		15,000
iv.	Bill sent for collection honoured but not entered in the Cash Book	1,50,000
v.	Bank Charges		1,500
vi.	Bank Interest		8,500
vii.	Overdraft balance wrongly taken as debit balance*		1,000
	Overdraft as per the Pass Book (2,73,985-2,10,000)	63,985
		2,73,985	2,73,985

* Overdraft balance as per Cash book of Rs.500 on 28^th Feb 2019 was wrongly carried forward as debit balance, so to correct the error cash book by double amount of shown minus side (500 + 500 = 1000).

Solution PQ 17

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Overdraft as per the Cash Book		10,500
i.	Cheque issued but not presented for payment	540
ii.	Post-dated Cheque entered in the Cash Book but not deposited in the Bank		100
ii.	Cheque deposited but not cleared		1,200
iii.	Cheque dishonoured		400
iv.	Insurance premium paid by bank was not entered in the Cash Book		50
v.	Bank Charges		15
v.	Bank allowed Interest	25
	Overdraft as per the Pass Book (12,265-565)	11,700
		12,265	12,265

Note: Point (vi) is Cheque of Rs.5,000 dated 15th April 2019 issued to M and Co. dishonoured will have no any impact as this statement is as on 31st March 2018.

Bank Reconciliation Statement Exercise 12.48

Solution PQ 18

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Overdraft as per the Cash Book		52,100
ii.	Cheques of Rs.94,00 deposited in March but cheques of Rs.11,160 not cleared in April		11,160
iii.	Cheques issued but not presented for payment in the March (38,580+4,320)	42,900
iv.	Payment made to creditor by bank but not entered in the Cash Book		10,500
v.	Amount directly deposited by debtor into Bank	9,000
vi.	Bank Charges		120
vi.	Bank credited interest	180
	Overdraft as per the Pass Book (73,880-52,080)	21,800
		73,880	73,880

Note: Point (vii) is Cash deposit of Rs.5,780 was recorded as Rs.7,580 will have no affect on the bank statement as error in recording cash deposit entry already rectified.

Solution PQ 19

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Overdraft as per the Pass Book		2,500
i.	Cheque issued for Rs.5,000 but cheque of Rs.3,000 cleared till March 31, 2019		2,000
ii.	Cheque issued but not entered in the Cash Book	1,000
iii.	Cheque deposited but cleared in April	500
iv.	Bill dishonoured	1,000
v.	Cheque entered in the Cash Book but not deposited	500
vi.	Interest allowed not recorded in the Cash Book		200
	Overdraft as per the Cash Book (4,700-3,000)	1,700
		4,700	4,700

Solution PQ 20

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Overdraft as per the 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 the Cash book but not deposited in bank	9,000
v.	Amount directly deposited by customer		11,000
	Overdraft as per the Cash Book (66,700-34,000)	32,700
		66,700	66,700

Solution PQ 21

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Debit Balance as per the Pass Book		10,000
i.	Cheque issued in March but presented for payment in April		5,000
ii.	Cheques deposited but not cleared in March	2,800
iii.	Bank charges not entered in the Cash Book	25
iii.	Interest on Investment collected by bank not entered in the Cash Book		350
iv.	Cheque entered in the Cash Book but not deposited in bank	600
v.	Bill discounted with bank not recorded in cash		5,000
	Overdraft as per the Cash Book (20,350-3,425)	16,925
		20,350	20,350

Bank Reconciliation Statement Exercise 12.49

Solution PQ 22

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Overdraft as per the Pass Book		10,700
i.	Cheque issued in March 2019 but presented in April 2019		900
ii.	Cheques deposited but not cleared during March 2018	2,200
iii.	Interest on Overdraft	1,200
iv.	Interest on Investment not recorded in the Cash Book		5,000
v.	Bank Charges	50
vi.	Amount of bill dishonoured not entered in the Cash Book	800
	Overdraft as per the Cash Book (16,600-4,250)	12,350
		16,600	16,600

Solution PQ 23

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Overdraft as per the Pass Book		5,220
i.	Cheques deposited but not cleared	6,000
ii.	Cheques dishonoured not entered in the Cash Book	800
iii.	Bank Charges	50
iv.	Interest on overdraft excess credited in the Cash Book		200
v.	Amount wrongly credited in the Pass Book		900
vi.	Cheques issued but not presented for payment		400
	Balance as per the Cash Book (6,850-6,720)		130
		6,850	6,850

Solution PQ 24

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Debit balance as per the Pass Book		2,500
i.	Cheques issued but not presented in March		2,000
ii.	Cheque deposited in March but cleared in April	500
iii.	Bill dishonoured was not entered in the Cash Book	2,000
iv.	Cheque debited in the Cash book but not entered in the Cash Book	300
v.	Interest allowed by bank but was not entered in the Cash Book		400
	Overdraft as per the Cash Book (4,900-2,800)	2,100
		4,900	4,900

Solution PQ 25

Bank Reconciliation Statement as on October 31, 2018
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Overdraft as per the Pass Book		16,500
ii.	Interest on overdraft	1,250
iii.	Bank charges	35
iv.	Cheques issued but not presented for payment		11,500
v.	Cheques deposited but cleared	2,500
vi.	Interest on investment was not recorded in the Cash Book		1,800
	Overdraft as per the Cash Book (29,800-3,785)	26,015
		29,800	29,800

Bank Reconciliation Statement Exercise 12.50

Solution PQ 26

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Overdraft as per the Pass Book		12,000
ii.	Cheques issued but not presented for payment		67,000
iii.	Cheques deposited but not collected	3,000
iv.	Bank Charged Interest on overdraft	500
v.	Amount directly paid by a debtor		400
v.	Interest received on Investment		600
vi.	A cheque entered in the Cash book but not sent to bank collection	200
	Overdraft as per the Cash Book (80,000-3700)	76,300
		80,000	80,000

Solution PQ 27

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Overdraft as per the Pass Book		10,000
ii.	Cheques issued but not presented for payment during March		20,000
iii.	Interest charged by bank on Overdraft	1,500
iv.	Cheques deposited in to bank but not collected	20,000
v.	Insurance premium paid by bank but not entered in the Cash Book	100
vi	Bank changing commission not entered in the cash book	200
	Overdraft as per Cash Book (30,000-21,800)	8,200
		30,000	30,000

Solution PQ 28

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Overdraft as per the Pass Book		16,500
ii.	Cheques issued but not presented for payment		8,750
iii.	Cheques deposited but not collected	10,500
iv.	Cheque entered in the Cash Book but not sent to bank for collection	2,000
v.	Amount directly deposited in to bank by customer		3,500
vi.	Bank charges	200
vii.	Insurance premium paid by bank not recorded in the Cash Book	1,980
viii.	Bill dishonoured	3,000
viii.	Noting charges paid by bank	100
	Overdraft as per the Cash Book (28,750-17,780)	10,970
		28,750	28,750

Solution PQ 29

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Overdraft as per the Pass Book		33,000
ii.	Cheques issued but not presented for payment		17,500
iii.	Cheques deposited but not collected	21,000
iv.	Cheque recorded in the Cash Book but not sent to bank for collection	4,000
v.	Payment directly deposited by customer in the bank		7,000
vi.	Bank Charges	40
vii.	Insurance Premium of life Insurance policy directly paid form the bank but not recorded in the Cash book	360
viii.	Bill dishonoured	6,000
viii.	Nothing charged paid by bank	20
	Overdraft as per the Cash Book (57,500-31,420)	26,080
		57,500	57,500

Bank Reconciliation Statement Exercise 12.51

Solution PQ 30

a. Without correcting Cash Book Balance

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
i.	Bank Balance as per Cash Book	40,000
ii.	Cheques issued but not encashed	10,000
iii.	Cheques deposited but not cleared		15,000
iv.	Interest on Investments collected by Bank	500
v.	Cheques deposited directly in bank	12,500
vi.	Bank Charges		100
	Balance as per the Pass Book (63,000-15,100)		47,900
		63,000	63,000

b. After correcting Cash Book Balance

Cash Book (Adjusted) for the month of March 31, 2019
Dr.					Cr.
Date	Particulars	Bank (Rs.)	Date	Particulars	Bank (Rs.)
2019			2019
Mar 31	To Balance b/d	40,000	Mar 31	By Bank Charges A/c	100
	To Interest on Investments A/c	500		By Balance c/d	52,900
	To Cheques omitted to enter A/c	12,500
		53,000			53,000

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Adjusted Balance as per the Cash Book	52,900
i.	Cheque issued but not encashed	10,000
ii.	Cheques deposited but not cleared		15,000
	Balance as per the Pass Book (62,900-15,000)		47,900
		62,900	62,900

Solution PQ 31

Cash Book (Adjusted) for the month of March 31, 2019
Dr.					Cr.
Date	Particulars	Bank Rs.	Date	Particulars	Bank Rs.
2019			2019
Mar 31	To Cheques Omitted to enter A/c	3,000	Mar 31	By Balance b/d (Overdraft)	80,000
Mar 31	To Bills Collection A/c	20,000	Mar 31	By Adjustment for undercasting A/c	1,000
Mar 31	To Bank Charges A/c	100	Mar 31	By Cheques returned A/c	4,000
Mar 31	To Balance c/d	66,900	Mar 31	By Cheque recorded twice A/c	5,000
		90,000			90,000

Bank Reconciliation Statement as on March 31, 2019
Sr. No.	Particulars	(+) Rs.	(-) Rs.
	Overdraft as per the (adjusted) Cash Book		66,900
i.	Cheques recorded in the Cash Book but not sent to bank for collection		10,000
ii.	Cheque issued but not cleared on technical grounds	3,000
	Overdraft as per the Pass Book (76,900 - 3,000)	73,900
		76,900	76,900

Bank Reconciliation Statement Exercise 12.52

Solution PQ 32

Bank Reconciliation Statement as on January 31, 2019
S. No.	Particulars	(+) Rs.	(-) Rs.
	Balance as per the Cash Book	5,610
i.	Three Cheques of M.Mohan and Bros, T.P.Bhalla and Co. and S.Leader and Sons of Rs.1,550 Rs.740 and Rs.2,130 respectively were received but not cleared		4,420
ii.	Three Cheques of V.Kumar and Co., R.Ramdas and Co. and B.Bansal and Bros. of Rs.300, Rs.780 and Rs.340 respectively were issued but not presented for payment	1,420
iii.	Bank Charges		10
iv.	Life Insurance premium paid by bank not recorded in the in the Cash Book		250
v.	Interest on Government Securities received by bank	300
	Balance as per the Pass Book (7,330-4680)		2,650
		7,330	7,330

Note: In Cash Book 10^th Jan 2019 cheque received from G. Basu and Co is debited with Rs.1,000 and 14 Jan 2019 dishonour entry is reversed by crediting G. Basu and Co. with Rs.1,000. Therefore no effect is bank statement.

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Class 11-commerce T S GREWAL Solutions Accountancy Chapter 12: Bank Reconciliation Statement