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This page contains solutions to numerical questions on Unfavourable Balance of Pass 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 the passbook – Numerical Questions Solutions
14. Prepare bank reconciliation statement of Shri Bhandari as on December 31, 2017
(i)
The Payment of a cheque for ₹ 550 was recorded twice in the passbook.
(ii)
Withdrawal column of the passbook under cast by ₹ 200
(iii)
A Cheque of ₹ 200 has been debited in the bank column of the Cash Book but it was not sent to bank at all.
(iv)
A Cheque of ₹ 300 debited to Bank column of the passbook was not sent to the bank.
(v)
₹ 500 in respect of dishonoured cheque were entered in the passbook but not in the cash book.
Overdraft as per passbook is ₹ 20,000.
Bank Reconciliation Statement, as of December 31, 2017
S.No.
Particulars
(+)
Amount
₹
Amount
₹
(-)
Amount
₹
Amount
₹
1.
Overdraft as per the passbook
20,000
2.
Payment of cheque debited twice in the passbook
550
3.
Withdrawal column of the passbook under-cast
200
4.
Cheque debited in the cash book but not yet sent to deposit in the bank
200
5.
Cheque debited in the cash book but not yet sent to deposit in the bank
300
6.
Cheque dishonoured
500
Overdraft as per the cash book
18,650
20,200
20,200
15. Overdraft shown by the passbook of Mr. Murli is ₹ 20,000. Prepare bank reconciliation statement on dated March 31, 2017.
(i)
Bank charges debited as per passbook ₹ 500.
(ii)
Cheques recorded in the cash book but not sent to the bank for collection ₹ 2,500.
(iii)
Received a payment directly from customer ₹ 4,600.
(iv)
Cheque issued but not presented for payment ₹ 6,980.
(v)
Interest credited by the bank ₹ 100.
(vi)
LIC paid by bank ₹ 2,500.
(vii)
Cheques deposited with the bank but not collected ₹ 3,500.
Bank Reconciliation Statement, as of March 31, 2017
S.No.
Particulars
(+)
Amount
₹
Amount
₹
(-)
Amount
₹
Amount
₹
1.
Overdraft as per the passbook
20,000
2.
Bank charges debited as per passbook
500
3.
Cheques recorded in the cash book but not yet encashed
2,500
4.
Directly credited by the customer/debtor
4,600
5.
Cheque issued but not yet presented for payment
6,980
6.
Interest credited by bank
100
7.
LIC paid by bank
2,500
8.
Cheques deposited in the bank but not yet collected
3,500
Overdraft as per cash book
22,680
31,680
31,680
16. Raghav & Co. have two bank accounts. Account No. I and Account No. II.
From the following particulars relating to Account No. I, find out the balance on that account of March 31, 2017 according to the cash book of the firm.
(i)
Cheques paid into bank prior to March 31, 2017, but not credited for ₹ 10,000.
(ii)
Transfer of funds from account No. II to account no. I recorded by the bank on March 31, 2017 but entered in the cash book after that date for ₹ 8,000.
(iii)
Cheques issued prior to March 31, 2017 but not presented until after that date for ₹ 7,429.
(iv)
Bank charges debited by bank not entered in the cash book for ₹ 200.
(v)
Interest Debited by the bank not entered in the cash book ₹ 580.
(vi)
Overdraft as per Passbook ₹ 18,990.
Bank Reconciliation Statement, as of March 31, 2017
S.No.
Particulars
(+)
Amount
₹
Amount
₹
(-)
Amount
₹
Amount
₹
1.
Overdraft as per the passbook
18,990
2.
Cheques Deposited but not yet cleared
10,000
3.
Funds transferred into account but not entered into cash book
8,000
4.
Cheques issued but not yet presented for payment
7,429
5.
Bank charges
200
6.
Interest debited by bank
580
Overdraft as per the cash book
23,639
34,419
34,419
17. Prepare a bank reconciliation statement from the following particulars and show the balance as per cash book.
(i)
Balance as per passbook on March 31, 2017 overdrawn ₹ 20,000.
(ii)
Interest on bank overdraft not entered in the cash book ₹ 2,000.
(iii)
₹ 200 insurance premium paid by bank has not been entered in the cash book.
(iv)
Cheques drawn in the last week of March 2017, but not cleared till date for ₹ 3,000 and ₹ 3,500.
(v)
Cheques deposited into bank on February, 2017, but yet to be credited on dated March 31, 2017 ₹ 6,000.
(vi)
Wrongly debited by bank ₹ 500.
Bank Reconciliation Statement, as of March 31, 2017
S.No.
Particulars
(+)
Amount
₹
Amount
₹
(-)
Amount
₹
Amount
₹
1.
Overdraft as per passbook
20,000
2.
Interest charged by bank
2,000
3.
Insurance premium paid by bank
200
4.
Cheques drawn but not yet cleared
6,500
5.
Cheques deposited into the bank but not yet credited
6,000
6.
Debit in the bank account by error
500
Overdraft as per the cash book
17,800
26,500
26,500
18. The passbook of Mr. Randhir showed an overdraft of ₹ 40,950 on March 31, 2017.
Prepare bank reconciliation statement on March 31, 2017.
(i)
Out of cheques amounting to ₹ 8,000 drawn by Mr. Randhir on March 27 a cheque for Rs. 3,000 was encashed on April 2017.
(ii)
Credited by bank with ₹ 3,800 for interest collected by them, but the amount is not entered in the cash book.
(iii)
₹ 10,900 paid in by Mr. Randhir in cash and by cheques on March, 31 cheques amounting to ₹ 3,800 were collected on April, 07.
(iv)
A Cheque of ₹ 780 credited in the passbook on March 28 being dishonoured is debited again in the passbook on April 01, 2017. There was no entry in the cash book about the dishonour of the cheque until April 15.
Bank Reconciliation Statement, as of March 31, 2017
S.No.
Particulars
(+)
Amount
₹
Amount
₹
(-)
Amount
₹
Amount
₹
1.
Overdraft as per passbook
40,950
2.
Cheques issued but not yet presented for payment
3,000
3.
Interest credited by bank
3,800
4.
Cheque deposited but not yet cleared
3,800
5.
Cheque dishonoured
780
Overdraft as per the cash book
43,170
47,750
47,750
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