NOTES

The following are the extracts of Cash Book and Pass Book for the month of July 2011.

                        Dr.                   Cash Book (Bank Column only)               Cr.

Date	Receipts	Rs.	Date	Payments	Rs.
2011			2011
July1	To Balanceb/d	5,000	July5	By Dinesh’s A/c	3,000
2	Cash A/c	2,000	14	By Cash A/c	1,000
6	ToRadhika’sA/c	4,000	22	By Gopal’s	1,500
20	To Suhas’s A/c	3,000	29	By Sagar’s A/c	3,500
27	To Krishna;s A/c	1,500	31	By Balance c/d	6,000
		15,500			15,500

                    Dr.                               Pass Book                                                 Cr.

Date	Payments	Rs.	Date	Receipts	Rs.
2011			2011
July 9	To Dinesh’s A/c	3,000	July 1	By Balance b/d	5,000
14	To Cash A/c	1,000	2	By Cash A/c	2,000
29	To Bank charges A/c	100	8	By Radhika’s A/c	4,000
29	To Gopal’s A/c	1,500	22	By Suhas’s A/c	3,000
31	To Balance c/d	8,900	29	By Interest A/c	500
		14,500			14,500

 

Notes of Bank Reconciliation Statement (Old & New)

1. From the following particulars prepare a bank reconciliation statement as on 31st December 2017:

   (i) On 31st December, 2017 the cash-book of a firm showed a bank balance of 60,000 (debit balance)

   (ii) Cheques had been issued for  Rs.15,00,000, out of which cheques worth 4,00,000 only were presented for payment.

   (iii) Cheques worth Rs.11,40,000 were deposited in the bank on 28th December,2017 but had not been credited by the bank. In addition to this, one cheque for Rs.5,00,000 was entered in the cash book on 30th December, 2017 but was banked on 3rd January, 2018.

   (iv) A cheque from Susan for  Rs.4,00,000 was deposited in the bank on 26th December 2017 but was dishonoured and the advice was received on 2nd January, 2018.

   (v) Pass-book showed bank charges of Rs. 2,000 debited by the bank.

   (vi) One of the debtors deposited a sum of  Rs.5,00,000 in the bank account of the fi rm on 20th December, 2017 but the intimation in this respect was received from the bank on 2nd January, 2018.

   (vii) Bank pass-book showed a credit balance of Rs.3,82,000 on 31st December, 2017.

   
   see in detail
   
   

2. According to the cash-book of Gopi, there was a balance of Rs.44,50,000 in his bank on 30th June, 2017.

   On investigation you find that :

   (i) Cheques amounting to Rs.6,00,000 issued to creditors have not been presented for payment till the date.

   (ii) Cheques paid into bank amounting to Rs.11,05,000 out of which cheques amounting to Rs.5,50,000 only collected by the bank up to 30th June 2017.

   (iii) A dividend of Rs.40,000 and rent amounting to Rs.6,00,000 received by the bank and entered in the pass-book but not recorded in the cash book.

   (iv) Insurance premium (up to 31st December, 2017) paid by the bank Rs.27,000 not entered in the cash book.

   (v) The payment side of the cash book had been under casted by Rs.5,000.

   (vi) Bank charges Rs.1,500 shown in the pass book had not been entered in the cash book.

   (vii) A bill payable of Rs.2,00,000 had been paid by the bank but was not entered in the cash book and bill receivable for Rs.60,000 had been discounted with the bank at a cost of Rs.1,000 which had also not been recorded in cash book.

   Required:

   (a) to make the appropriate adjustments in the cash book, and

   (b) to prepare a statement reconciling it with the bank pass book.
   see in detail
   
   

3. Prepare a bank reconciliation statement as on 30th September, 2017 from the following

   Particulars	Rs.
   Bank balance as per pass-book	10,00,000
   Cheque deposited into the bank, but no entry was passed in the cash-book	5,00,000
   Cheque received, but not sent to bank	11,20,000
   Credit side of the bank column cast short	2,000
   Insurance premium paid directly by the bank under the standing advice	60,000
   Bank charges entered twice in the cash book	2,000
   Cheque issued, but not presented to the bank for payment	5,00,000
   Cheque received entered twice in the cash book	10,000
   Bills discounted dishonoured not recorded in the cash book.	5,00,000

   
   see in detail
   
   

4. Prepare a bank reconciliation statement from the following particulars on 31st March,2017:

   Particulars	Rs.
   Debit balance as per bank column of the cash book	37,20,000
   Cheque issued to creditors but not yet presented to the bank for payment	7,20,000
   Dividend received by the bank but not yet entered in the cash book	5,00,000
   Interest allowed by the bank	12,500
   Cheques deposited into bank for collection but not collected by bank up to this date.	15,40,000
   Bank charges	2,000
   A cheque deposited into bank was dishonoured, but no intimation received	3,20,000
   Bank paid house tax on our behalf, but no information received from bank in this connection.	3,50,000

   
   see in detail
   
   

5. The following are the extracts of Cash Book and Pass Book for the month of July 2011.

                           Dr.                   Cash Book (Bank Column only)               Cr.

   Date	Receipts	Rs.	Date	Payments	Rs.
   2011			2011
   July1	To Balanceb/d	5,000	July5	By Dinesh’s A/c	3,000
   2	Cash A/c	2,000	14	By Cash A/c	1,000
   6	ToRadhika’sA/c	4,000	22	By Gopal’s	1,500
   20	To Suhas’s A/c	3,000	29	By Sagar’s A/c	3,500
   27	To Krishna;s A/c	1,500	31	By Balance c/d	6,000
   		15,500			15,500

                       Dr.                               Pass Book                                                 Cr.

   Date	Payments	Rs.	Date	Receipts	Rs.
   2011			2011
   July 9	To Dinesh’s A/c	3,000	July 1	By Balance b/d	5,000
   14	To Cash A/c	1,000	2	By Cash A/c	2,000
   29	To Bank charges A/c	100	8	By Radhika’s A/c	4,000
   29	To Gopal’s A/c	1,500	22	By Suhas’s A/c	3,000
   31	To Balance c/d	8,900	29	By Interest A/c	500
   		14,500			14,500

    

   
   see in detail