Page 110 - ISCDEBK-XI

14.14 Double Entry Book Keeping—ISC XI

BANK RECONCILIATION STATEMENT
as on 31st March, 2022
Particulars Amount Amount
Details (`) `
Balance as per Cash Book (Dr.) 1,62,500
Add: Cheques issued but not presented for payment:
LIC 15,000
M/s. M.R. Stores (Stationery) 5,500
MTNL (Telephone Expenses) 19,000
Jatinder 20,000
Anuj 20,000
Jaspal 20,000 99,500
Wrong Credit by Bank 8,000
2,70,000
Less: Cheques deposited but not yet credited:
Ebony Homes 15,000
Arth Hospitality 25,000
EICL 1,00,000 1,40,000
Balance as per Bank Pass Book (Cr.) 1,30,000

Advanced Level Questions
Illustration 11.
On Comparing the Cash Book of Mohan with the Bank Pass Book, following discrepancies
were noted:
(a) Out of ` 24,600 paid by cheques into the bank on 26th March, cheque amounting to
` 9,000 were collected on 8th April.
(b) Cheques amounting to ` 5,760 were deposited into bank on 27th March, but credit was
given for ` 4,560 only.
(c) Out of cheques of ` 9,360 drawn on 25th March, a cheque for ` 3,000 was encashed on
3rd April.
(d) Cheques issued to creditors amounting to ` 24,000 on 26th March of which cheques of
` 3,600 were presented to bank up to 31st March.
(e) A cheque of ` 1,200 entered in Cash Book but omitted to be banked on 31st March.
(f) A cheque for ` 720 deposited into bank but omitted to be recorded in Cash Book.
(g) A bill receivable for ` 624 previously discounted (Discount ` 24) with the bank had been
dishonoured but advice was received on 3rd April.
(h) A bill of ` 12,000 was retired by the bank under rebate of ` 180 but the full amount was
credited in the bank column of Cash Book.
(i) A cheque of ` 1,296 credited in the Bank Pass Book on March 27 being dishonoured is
debited in the Bank Pass Book on 1st April. There was no entry in the Cash Book about
the dishonour of the cheque until 15th April.
(j) A cheque of ` 240 drawn on his Savings Account has been shown as drawn on Current
Account in Cash Book.
(k) A bill of ` 10,000 discounted with the bank at discount of ` 200 but inadvertently debited
the full amount to Cash Book.
Prepare Bank Reconciliation Statement as at 31st March, 2022 if the Debit Balance as per Cash
Book on 31st March, 2022 was ` 47,484.