Page 109 - ISCDEBK-XI

Bank Reconciliation Statement 14.13

Solution:

Difference between Cash Book and Bank Pass Book for which entries are to be passed:
(i) Interest ` 10,000 credited by Bank is not recorded in Cash Book.

(ii) Bank charges ` 500 charged by Bank is not recorded in Cash Book.
Difference for which entry is not to be passed:
(iii) Bank Transfer ` 8,000, it being wrong credit.

(iv) Cheques deposited but not yet credited: `
(a) Ebony Homes 15,000;
(b) Arth Hospitality 25,000; and

(c) EICL 1,00,000.
(v) Cheques issued but not yet presented for payment: `
(a) LIC 15,000

(b) M/s M.R. Stores (Stationery) 5,500
(c) MTNL (Telephone Expenses) 19,000

(d) Mr. Jatinder 20,000
(e) Mr. Anuj 20,000
(f) Mr. Jaspal 20,000

Dr. AMENDED CASH BOOK Cr.
Date Particulars ` Date Particulars `

2022 2022
March 1 To Balance b/d 1,10,000 March 7 By Anuj 5,000
March 1 To Mahesh 15,000 March 10 By Cash 10,000
March 9 To Alok 7,500 March 18 By Jatinder 10,000
March 27 To Ashutosh 5,000 March 25 By LIC 15,000
March 28 To Ebony Homes 15,000 March 25 By M/s M.R. Stores—Stationery 5,500
March 28 To Arth Hospitality 25,000 March 25 By MTNL—Telephone Expenses 19,000

March 28 To EICL 1,00,000 March 28 By Jatinder 20,000
March 31 To Interest 10,000 March 28 By Anuj 20,000
March 28 By Jaspal 20,000
March 31 By Bank Charges 500
March 31 By Balance c/d 1,62,500
2,87,500 2,87,500