Page 112 - ISCDEBK-XI

14.16 Double Entry Book Keeping—ISC XI

BANK STATEMENT
Date Particulars Dr. Cr. Balance
Withdrawals Deposits
` ` `
2021
Dec. 1 By Balance 53,000 (Dr.)
Dec. 1 To Kar 1,080 54,080 (Dr.)
Dec. 2 By X 32,000 22,080 (Dr.)
Dec. 4 By Y 10,000 12,080 (Dr.)
Dec. 4 To Bose 2,200 14,280 (Dr.)
Dec. 5 To General Insurance 900 15,180 (Dr.)
Dec. 5 By Z 22,000 6,820 (Cr.)
Dec. 8 To A 580 6,240 (Cr.)
Dec. 19 To C 1,200 5,040 (Cr.)
Dec. 19 To Bank Charges 990 4,050 (Cr.)
Dec. 22 By F 3,000 7,050 (Cr.)
Dec. 23 By Y Ltd. Credit Transfer 4,690 11,740 (Cr.)
Dec. 29 By Q 7,000 18,740 (Cr.)
Dec. 29 To Bank Commission 860 17,880 (Cr.)
Dec. 29 To X-refer to Drawer 32,000 14,120 (Dr.)
Prepare Amended Cash Book and Bank Reconciliation Statement as on 31st December, 2021.

Solution: List of Causes of Difference
1. Cheque deposited but not yet credited by Bank ` 4,200.

2. Amount credited by the Bank yet to be entered in the Cash Book ` 4,690 (Y Ltd.).
3. Cheques issued but not yet presented:
Das ` 520 + B ` 820 + D ` 3,500 + E ` 650 = ` 5,490.

4. Amount debited by the Bank yet to be entered in the Cash Book: General Insurance ` 900 +
Bank Charges ` 990 + Bank Commission ` 860 + Dishonour of Cheque ` 32,000 = ` 34,750.

Solution:
Dr. AMENDED CASH BOOK (BANK COLUMN) Cr.
Date Particulars ` Date Particulars `
2021 2021
Dec. 31 To Balance b/d 14,650 Dec. 31 By General Insurance (Premium) 900
Dec. 31 To Y Ltd. 4,690 Dec. 31 By Bank Charges 990
Dec. 31 To Balance c/d 15,410 Dec. 31 By Bank Commission 860
Dec. 31 By X 32,000
34,750 34,750