Page 114 - ISCDEBK-XI

14.18 Double Entry Book Keeping—ISC XI

(iii) During the month, cheques for ` 89,580 were drawn in favour of creditors. Of them, one creditor
encashed his cheque for ` 38,580 on 7th April, whereas another for ` 4,320 has not yet been encashed.
(iv) As per standing instructions, the bank on 28th March paid out ` 10,500 to a creditor, but by mistake
the same has not been entered in the Cash Book.
(v) According to agreement, on 25th March, a debtor deposited directly ` 9,000 into the bank, but the
same has not been recorded in the Cash Book.
(vi) In the month of March the bank, without any intimation, debited his account for ` 120 as bank
charges and credited the same for ` 180 as interest.
4. From the following particulars, prepare Bank Reconciliation Statement: `
(i) Bank Overdraft as per Cash Book. 16,200
(ii) A cheque deposited as per Bank Statement, but not recorded in the Cash Book. 700
(iii) Debit side of the Bank Column casted short. 100
(iv) A cheque for ` 5,000 deposited but collection as per Bank Statement. 4,996
(v) A party’s cheque returned dishonoured as per Bank Statement only. 530
(vi) Bills collected directly by Bank. 3,500
(vii) Bank charges recorded twice in Cash Book. 25
(viii) A bill for ` 8,000 discounted for ` 7,960 returned dishonoured by the Bank,
Noting charges being charged. 15
(ix) Cheques deposited but not yet collected by the Bank. 2,320
(x) Cheques issued but not yet presented for encashment. 1,250
5. From the following information supplied by Deep, prepare his Bank Reconciliation Statement as on
31st March, 2022: `
(i) Bank overdraft as per Bank Pass Book. 3,30,000
(ii) Cheques issued but not presented for payment. 1,75,000
(iii) Cheques deposited but not collected. 2,10,000
(iv) Cheques recorded in the Cash Book but not sent to the bank for collection. 40,000
(v) Payments received from customers directly by the bank. 70,000
(vi) Bank charges debited in Bank Pass Book. 400
(vii) Premium of Life Insurance policy of Deep paid by bank as per standing instructions. 3,600
(viii) A bill for ` 60,000 dishonoured on 30th March, 2022 and bank paid Noting Charges. 200
This bill was discounted on 30th January, 2022.
6. What is Bank Reconciliation Statement? Prepare such a statement on 31st March, 2022 from the following
particulars:
(i) Ajay’s overdraft as per Bank Pass Book ` 12,000 as on 31st March.
(ii) On 30th March, cheques had been issued for ` 70,000 of which cheques of ` 3,000 only had been
encashed up to 31st March.
(iii) Cheques amounting to ` 3,500 had been paid into the bank for collection but of these cheques of
only ` 500 had been credited in the Bank Pass Book.
(iv) The bank has charged ` 500 as interest on overdraft and the intimation of which has been received
on 2nd April, 2022.
(v) The Bank Pass Book shows credit for ` 1,000 representing ` 400 paid by debtor of Ajay directly into the
bank and ` 600 collected directly by bank in respect of interest on Ajay’s investment. Ajay had no
knowledge of these items.
(vi) A cheque for ` 200 has been debited in bank column of Cash Book by Ajay, but it was not sent to
bank at all.