Page 89 - debkxi
P. 89

13.4                                                   Double Entry Book Keeping—CBSE XI

                           (v)  Bank paid ` 300 as Chamber of Commerce fee on behalf of D.K. which was
                              not recorded in the Cash Book.
                          (vi)  Bank charged interest on overdraft ` 800.
                         (vii)  ` 40 for bank charges were recorded two times in the Cash Book and bank
                              expenses of ` 35 were not at all recorded in the Cash Book.
                         (viii)  Payments side of the Cash Book was ` 1,000 short.
                          (ix)  Bank received ` 200 as interest on debentures on behalf of D.K.
                                                                           (MSE Chandigarh 2001, Modified)
                     Solution:          BANK RECONCILIATION STATEMENT as on 31st March, 2024
                     Particulars                                                        Amount   Amount
                                                                                        Details (`)   `
                     Overdraft Balance as per Pass Book (Dr.)                                     15,000
                     Add:  Cheque deposited into Bank not recorded in Cash Book             200
                          Cheques issued but not presented for payment (` 17,000 – ` 10,000)   7,000
                          Bank charges recorded twice in Cash Book                           40
                          Interest received on Debentures credited to account               200    7,440
                                                                                                  22,440
                     Less:  Cheques deposited but not yet credited (` 2,000 + ` 1,000)     3,000
                          Chamber of Commerce Fee paid by bank not recorded in Cash Book    300
                          Interest on Overdraft debited by bank                             800
                          Bank Expenses debited by bank                                      35
                          Cash Book payments side casted short                             1,000   5,135
                     Overdraft Balance as per Cash Book (Cr.)                                    17,305

                      3.  Following are the entries recorded in the bank column of the Cash Book of
                          Mr. V. K. Gupta for the month ended 31st March, 2024:

                     Dr.                         CASH BOOK (BANK COLUMN ONLY)                         Cr.
                     Date     Particulars                `     Date     Particulars                `
                     2024                                       2024
                     March  15  To  Cash A/c            36,000   March  1  By  Balance b/d        40,000
                     March  21  To  Roy                 24,000   March  4  By  John                2,000
                     March  22  To  Kapoor              10,000   March  6  By  Raj                  400
                     March  31  To  Balance c/d          7,640   March  15  By  Kailash             240
                                                                March  20  By  Joshi              35,000
                                                        77,640                                    77,640

                         On 31st March, 2024, Mr. V.K. Gupta received his Bank Statement. On perusal of
                        the statement, Mr. V.K. Gupta ascertained the following information:
                           (i)  Cheques deposited but not credited by the bank ` 10,000.
                          (ii)  Interest on securities collected by the bank but not recorded in the Cash
                              Book ` 1,080.
                          (iii)  Credit transfer not recorded in the Cash Book ` 200.
                          (iv)  Dividend collected by the bank directly but not recorded in the Cash Book ` 1,000.
                           (v)  Cheques issued but not presented for payment ` 37,400.
                          (vi)  Interest debited by the bank but not recorded in the Cash Book ` 1,000.
                         (vii)  Bank charges not recorded in the Cash Book ` 340.
                         From the above information, prepare Bank Reconciliation Statement to ascertain
                        the balance as per the Bank Statement.
   84   85   86   87   88   89   90   91   92   93   94