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This page contains solutions to numerical questions on Unfavourable Balance of Cash Book from the chapter 5 Bank Reconciliation Statement. If you’re looking for other topics from this chapter, you can find them at
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Unfavourable balance of cash book – Numerical Questions Solutions
10. On Ist January 2017, Rakesh had an overdraft of ₹ 8,000 as showed by his cash book. Cheques amounting to ₹ 2,000 had been paid in by him but were not collected by the bank by January 01, 2017. He issued cheques of ₹ 800 which were not presented to the bank for payment up to that day. There was a debit in his passbook of ₹ 60 for interest and ₹ 100 for bank charges. Prepare bank reconciliation statement for comparing both the balance.
Bank Reconciliation Statement, as of January 1, 2017
S.No.
Particulars
(+)
Amount
₹
Amount
₹
(-)
Amount
₹
Amount
₹
1.
Overdraft as per the cash book
8,000
2.
Cheques deposited but not yet collected by the bank
2,000
3.
Cheques issued but not yet presented for payment
800
4.
Interest charged by bank.
60
5.
Bank charges
100
Overdraft as per the passbook
9,360
10,160
10,160
11. Prepare bank reconciliation statement.
(i)
Overdraft shown as per cash book on December 31, 2017 ₹ 10,000.
(ii)
Bank charges for the above period also debited in the passbook ₹ 100.
(iii)
Interest on overdraft for six months ending December 31, 2017 ₹ 380 debited in the passbook.
(iv)
Cheques issued but not encashed prior to December 31, 2017 amounted to ₹ 2,150.
(v)
Interest on Investment collected by the bank and credited in the passbook ₹ 600.
(vi)
Cheques paid into bank but not cleared before December 31, 2017 were ₹ 1,100.
Bank Reconciliation Statement, as of December 31, 2017
S.No.
Particulars
(+)
Amount
₹
Amount
₹
(-)
Amount
₹
Amount
₹
1.
Overdraft as per cash book
10,000
2.
Bank charges
100
3.
Interest collected by bank on overdraft
380
4.
Cheques issued but not yet encashed
2,150
5.
Interest on investment collected by bank
600
6.
Cheque deposited into the bank but not yet cleared
1,100
Overdraft as per pass book
8,830
11,580
11,580
12. Kumar find that the bank balance shown by his cash book on December 31, 2017 is ₹ 90,600 (Credit) but the passbook shows a difference due to the following reason:
A cheque (post dated) for ₹ 1,000 has been debited in the bank column of the cash book but not presented for payment. Also, a cheque for ₹ 8,000 drawn in favour of Manohar has not yet been presented for payment. Cheques totaling ₹ 1,500 deposited in the bank have not yet been collected and cheque for ₹ 5,000 has been dishonoured.
Bank Reconciliation Statement, as of December 31, 2017
S.No.
Particulars
(+)
Amount
₹
Amount
₹
(-)
Amount
₹
Amount
₹
1.
Overdraft as per cash book
90,600
2.
Post Dated Cheque issued but not yet presented for payment
1,000
3.
Cheque issued but not yet presented for payment
8,000
4.
Cheques deposited but not yet credited by the bank into the account
1,500
5.
Cheque dishonoured
5,000
Overdraft as per pass book
90,100
98,100
98,100
13. On December 31, 2017, the cash book of Mittal Bros. Showed an overdraft of ₹ 6,920. From the following particulars prepare a Bank Reconciliation Statement and ascertain the balance as per passbook.
(1)
Debited by bank for ₹ 200 on account of Interest on overdraft and ₹ 50 on account of charges for collecting bills.
(2)
Cheques drawn but not en-cashed before December 31, 2017 for ₹ 4,000.
(3)
The bank has collected interest and has credited ₹ 600 in passbook.
(4)
A bill receivable for ₹ 700 previously discounted with the bank had been dishonoured and debited in the passbook.
(5)
Cheques paid into bank but not collected and credited before December 31, 2017 amounted ₹ 6,000.
Bank Reconciliation Statement, as of December 31, 2017
S.No.
Particulars
(+)
Amount
₹
Amount
₹
(-)
Amount
₹
Amount
₹
1.
Overdraft as per the cash book
6,920
2.
Interest charged by bank on overdraft
200
3.
Charges by bank for collecting bills
50
4.
Cheque issued but not presented for payment
4,000
5.
Interest collected and credited by bank
600
6.
Bills receivable dishonoured
700
7.
Cheques deposited but not yet cleared.
6,000
Overdraft as per passbook
9,270
13,870
13,870
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