Please Share further Friends Questions of our Assignment are as under: Chapter: Bank Reconcilation Statatement Questions 1. From the following particulars prepare a Bank Reconciliation Statement as on 31st December 1993. (1) On 31st December 1993 the Cash – book of a firm showed a bank balance of Rs. 6,000 (Debit Balance) (2) Cheques has been issued for Rs. 5,000 out of which cheques worth Rs. 4,000 only were presented for payment. (3) Cheques worth Rs. 1,400 were deposited in the bank on 28th December 1993 but had not been credited by the bank. In addition to this, one cheque for Rs. 500 was entered in the Cash-book on 30th Dec 1993 but was banked on 3-1-1994. (4) A Cheque from Susan for Rs. 400 was deposited in the bank on 26th December, 1993 but was dishonoured and the advice was received on 2.1.94. (5) Pass-book showed bank charges of Rs. 20 debited by the bank. (6) One of the debtors deposited a sum of Rs. 500 in the bank account of the firm on 20th December, 1993 but the intimation in this respect was received from the bank on 2-1-1994. (7) Bank pass-book showed a credit balance of Rs. 5,180 on 31st December, 1993. Question 2. Prepare a Bank Reconciliation Statement as at December 31, 1997, form the following information : (i) Bank balance as per Cash book (Dr.) on 31-12-97, Rs. 7,244. (ii) Cheques deposited for collection on 29th and 30th December, Rs. 10,440. Out of these cheques credited by bank up to 31-12-1997 Rs. 2,218. (iii) Cheques issued before December 31,1997 but not presented for payment till 31.12.1997 Rs. 616. (iv) Incidental charges with no advice to the company, Rs. 10. (v) Rs. 480 and Rs. 840 were two debit entries in the Pass book, but Rs. 480 has been reversed by the bank before 31.12.1997. It is found Rs. 840 relate to the subsidiary of this company. (vi) Transfer by bank to another account of the company with no advice Rs. 2,100. Question 3. From the following particulars prepare a statement showing the balance that would appear in the pass book of Mr. Harsh as no 31st Dec., 1996; (a) The overdraft as per cash book on 31st December 1996 was Rs. 3,170 (b) Cheques issued but not cashed prior to 31st December 1996 amounted to Rs. 584. (c) Cheques paid into bank but not cleared were for Rs. 1,085. (d) Bank, charges for the above period also debited in the pass book amounted to Rs. 15. (e) Interest on overdraft for six months ending 31st December 1996. Rs. 80 is debited in the pass book. (f) Interest on investments collected & credited by the bank Rs. 600. Question 4. From the following particulars prepare a Bank Recon statement for Mr. Damle as at 31.12.1995: 1. Bank balance as per cash book (credit) — Rs. 610. 2. Cheques issued but not presented Rs. 3,000. 3. Cheques deposited but not credited by the bank Rs. 2,500. 4. A cheque drawn for Rs.100 had been incorrectly entered as Rs. 10 in the Cash book. 5. A debtor directly deposited cheque to Mr. Damle’s bank account but this was not recorded in Cash Book (Bank column) Rs. 1,000. 6. Credit side of the Cash Book (Bank column) was undercast by Rs. 500. 7. A cheque for Rs. 5,000 drawn by Mr. Surve, has been debited to Mr. Damle’s Account by error. 8. Bank paid a Bill payable for Rs. 1,450 but it was recorded in Cash Book as Rs. 1,540. 9. The receipts column of the Cash book has been overcast by Rs. 1,000. 10. Discount allowed Rs. 410 has been entered by mistake in the bank column of the cash book. 11. Mr. Damle instructed the bank on 31.12.1995 to transfer Rs. 10,000 to Fixed Deposit A/c which he entered in his cash book immediately but the bank acted on the instruction on 2nd January 1996. 12. Bank debited Mr. Damale’s account with Rs. 500 being the amount of a cheque deposited by him as it was dishonoured. This was however not entered in his cash book. 13. Cheques amounting to Rs. 300, though actually deposited in the bank were not recorded in Mr. Damle’s Cash Book. Question 5. Jones is having two accounts (“A” and “B”) with the Central bank of India. On 31-12-1992 his ledger shows a balance of Rs. 5,000 in Account “A” and a overdraft of Rs. 2,250 in Account “B”. On verifying the ledger entries with the respective bank statement the following mistakes were noticed. (i) A deposit of Rs. 1,500 made into “A” on 20-12-92 has been entered in the ledger in Account “B”. (ii) A withdrawal of Rs. 500 from Account “A” on 2-11-1992 has been entered in the Ledger in A/c “B”. (iii) Two cheques of Rs. 500 and Rs. 750 deposited in Account “A” on 2-11-1992 (and entered in the books in “B” Account) have been dishonoured by the Bankers. The entries for the dishonour of these cheques have been entered in the Ledger in Account “B”. (iv) In the accounts “A” and “B” Mr. Jones issued on 29-12-1992 cheques for Rs. 10,000 and Rs. 1,000 respectively and these have not been cashed till 31-12-1992. (v) Incidental charges of Rs. 10 and Rs. 25 charged in the account “A” and “B” respectively have not been entered in the books. (vi) The Bank has credited an interest of Rs. 50 for account “A” and has charged interest for R S. 275 for Account “B” which have not been recorded in the books. (vii) The Deposits of Rs. 5,000 and Rs. 3,500 made into the Accounts “A” and “B” both on 30-12-1992 have not been given credit to by the Bank till 31-12-1992. (viii) Draw the Bank Reconciliation statements for the above two accounts. Question 6. According to the Cash-book of Gopi, there was a balance of Rs. 44,500 standing to his credit in bank on 30th June, 1996. On investigation you find that: (i) Cheques amounting to Rs. 60,000 issued to creditors have not been presented for payment till that date. (ii) Cheques paid into Bank amounting to Rs. 1,05,000 out of which cheques amounting to Rs. 55,000 only collected by the Bank upto 30th June, 1996. (iii) A dividend of Rs. 4,000 and rent amounting to Rs. 6,000 received by the Bank and entered in the Pass-book but not recorded in the Cash-book. (iv) Insurance premium (upto 31st December, 1996) paid by the Bank Rs. 2,700 not entered in the Cash-book. (v) The payment side of the Cash-book had been undercast by Rs. 50. (vi) Bank charges Rs. 50, shown in the Pass-book had not been entered in the Cash-book. (vii) A bill payable for Rs. 2,000 has been paid by the Bank but is not entered in the Cash-book and bill receivable for Rs. 6,000 has been discounted with the Bank at a cost of Rs. 100 which has also not been recorded in Cash-book. You are required: (a) to make the appropriate adjustments in the Cash-book, and (b) to prepare a statement reconciling it with the Bank Pass-book. Question 7. From the following particulars prepare a bank reconciliation statement of Alpha Engineering Co. as at 30th September 1996. (a) Overdraft on 30th September 1996 as per bank pass book Rs. 13,095. (b) Cheque deposited in bank but not recorded in cash book Rs. 105. (c) Cheque received and recorded in the bank column but not sent to bank for collection Rs. 1,015. (d) (i) Several cheques were drawn at the end of September totaling Rs. 15,015, of these cheques totaling Rs. 9,074 where cashed. (ii) Similarly, several cheques totaling Rs. 9,400 were sent for collection. Of these cheques of the value of Rs. 1,500 were credited on 5th October, 1996 and Rs. 2,050 were credited on 7th October 1996 the rest being credited before 30th September 1996. (e) On 11th September 1996 the credit side of bank column of the cash book was cast Rs. 1,000 short and on 15th Sept. 1996 the credit balance of Rs. 2,600 ws brought forward on 16th September 1996 as debit balance of Rs. 2,600. (f) Chamber of Commerce fee of Rs. 250 was paid by the bank but was not recorded in the cash book. (g) In the cash book a bank charge of Rs. 30 was recorded twice while another bank charge of Rs. 45 was not recorded at all. (h) Interest of Rs. 1,400 was charged by the bank but was not recorded in the cash book. Question: 8. Following are the entries recorded in the Bank Column of the Cash Book of Mr. X for the month ending on 31.3.1997: Cash Book (Bank Column) Date Particulars Rs. Date Particulars Rs. 15-3-97 To Cash 36,000 1-3-97 By Balance b/d 40,000 20-3-97 To Roy 24,000 4-3-97 By John. 2,000 22-3-97 To Kapoor 10,000 6-3-97 By Krishnan 400 31-3-97 To Balance 7,640 15-3-97 By Kailash 240 c/d 20-3-97 By Joshi 35,000 77,640 77,640 By Balance b/d 7,640 On 31-3-1997 Mr. X received the Bank Statement. On perusal of the statement Mr. X ascertained the following information: (i) Cheques deposited but not credited by the bank Rs. 10,000. (ii) Interest on securities collected by the bank but not recorded in cash book Rs. 1,080. (iii) Credit transfer not recorded in the cash book Rs. 200. (iv) Dividend collected by the bank directly but not recorded in the cash book Rs. 1,000. (v) Cheques issued but not presented for payment Rs. 37,400. (vi) Interest debited by the bank but not recorded in the cash book Rs. 1,000. (vii) Bank charges not recorded in the cash book Rs. 340. From the above information you are asked to prepare a Bank reconciliation statement to ascertain the balance as per Bank Statement. Question 9. From the following extracts from the cash book and the pass book for the months of March 1998, prepare the Bank Reconciliation Statement as on 31st March 1998. Cash Book Bank Date Particulars Amt Date Particulars Amt 1998 Rs. 1998 Rs. March1 To Balance b/d 45,100 March 2 By X & Co. 12,300 3 To Cash 3,000 6 By Wages 30,000 10 To B & Co. 10,000 14 By B & Co. 10,000 15 To A & Co. 23,000 (Cheque dishonoured) 17 To Cash 6,000 15 By V & Co. 3,000 20 To Z & Bros. 15,500 18 By Y & Sons 4,700 24 To P & Co. 7,400 24 By Cash 4,000 31 To S & Sons. 21,300 28 By B & Co. 7,800 31 By B & Bros. 3,400 31 By Balance c/d 56,100 1,31,300 1,31,300 April 1 To Balance b/d 56,100 Pass Book Date Particulars Withdrawals Deposits Dr.orCr. Balance 1998 Rs. Rs. Rs. March 1 By Balance Cr. 45,100 3 By Cash 3,000 Cr. 48,100 6 To Self Cash 30,000 Cr. 18,100 10 To X & Co. 12,300 Cr. 5,800 16 By A & Co. 23,000 Cr. 28,800 17 By Cash 6,000 Cr. 34,800 20 To Y & Sons 4,700 Cr. 30,100 24 To Cash 4,000 Cr. 26,100 31 To Life insurance premium as per instructions 2,600 Cr. 23,500 31 By Interest on Govt. Securities 3000 Cr. 26,500 Question 10. The following is a summary of the Cash Book of Shri Mohan Das, for the month of June 2001. Rs. Rs. Receipts 14,690 Balance b/d 7,610 Balance c/d 5,540 Payments 12,620 20,230 20,230 All receipts are banked and payments are made by cheque. On investigation it is found that: (1) Bank charges of Rs. 1,360 entered on the bank statement had not been entered in the cash book. (2) Cheques drawn amounting to Rs. 2,670 had not been presented to the bank for payment. (3) Cheques received totaling Rs. 17,620 had been entered in the cash book and paid into the bank, but had not been credited by the bank until July, 2001. (4) A cheques for Rs. 1,220 had been entered as a receipt in the cash book instead of as a payment: (5) The bank in error had debited a cheque for Rs. 1,250. (6) A cheque received for Rs. 800 had been dishonoured. No adjustments had been made in the cash book. (7) All dividends receivable are credited directly to the bank account. During June, amount totaling Rs. 2,620 were credited by the bank and no entries were made in the cash book. (8) A cheque drawn for Rs. 600 in favour of a creditor had been incorrectly entered in the cash book as Rs. 6,000. (9) The balance brought forward should have been Rs. 7,110 (10) The bank statement as on 30th June 2001, showed an overdraft Rs. 17,820. You are required to: (a) Show the adjustments required in the cash book; and (b) Prepare a bank reconciliation statement as on 30th June, 2001. Question 11. From the following particulars, find out adjusted bank balance as per cash book and prepare thereafter bank reconciliation statement as on 31st December, 1995 of Raja Brothers: Rs. Bank overdraft as per cash book 80,000 Cheques deposited as per bank statement but not entered in cash book 3,000 Cheques recorded for collection but not sent to bank 10,000 Credit side of bank column cast short 1,000 Bank charges recorded twice in cash book 100 Customers cheque returned as per bank statement only 4,000 Cheques issued but dishonollred on technical grounds 3,000 Bills collected by bank directly 20,000 Cheques received entered twice in cash book 5,000 Question 12. The cash book ofa firm showed an overdraft of Rs. 30,000 on 31st March, 1999. A comparison of the entries in the cash book and pass book revealed that (i) On 22nd March, 1999, cheques totalling Rs. 6,000 were sent to bankers for collection. Out of these, a cheque for Rs. 1,000 was wrongly recorded on the credit side of the cash book and cheques amounting to Rs. 300 could not be collected by bank before 1 st April, 1999. (ii) A cheque.for Rs. 4,000 was issued to a supplier on 28th March, 1999. The cheque was presented to bank on 4th April, 1999. (iii) There were debits of Rs. 2,600 in the pass book for interest on overdraft and bank charges, but the same had not been recorded in the cash book. (iv) A cheque for Rs. 1,000 was issued to a creditor on 27th March, 1999 but by mistake the same was not recorded in the cash book. The cheque was, however, duly encashed by 31 st March, 1999. (v) As per standing instructions, the banker collected dividend of Rs. 500 on behalf of the firm and credited the same to its account by 31st March, 1999. The fact was, however, intimated to the firm on 3rd April, 1999. You are required to prepare a bank reconciliation statement as on 31st March, 1999.[1999 – June] Question 13. From the following information supplied by Anil, prepare the bank reconciliation statement as on 31st March, 2001 after amending the cash book on that date: (i) Bank overdraft as per cash book 16,500 (ii) Cheques issued but not presented for payment 8,750 (iii) Cheques deposited with the bank but not collected 10,500 (iv) Cheque recorded in the bank column of the cash book but not sent to the bank for collection 2,000 (v) Bank charges debited in the bank statement 250 (vi) A bill for Rs. 3,000 (discounted with the bank in February, 2001) dishonoured on 31st March, and noting charges paid by the bank 30 (vii) Premium on the life insurance policy of Anil paid by the bank as per standing instructions 1,800 Question 14. On 31st March, 2002, the cash book of Rahul showed a bank overdraft of Rs. 7,640. On the same date, Rahul received the bank statement. On perusal of the statement, Rahul 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 1,280 (iii) Dividend collected by the bank directly, but not recorded in the cash book 1,000 (iv) Cheques issued, but not presented for payment 37,400 (v) Bank charges not recorded in the cash book 340 From the above information, you are required to prepare the bank reconciliation statement to ascertain the balance as per bank statement. For Doubts caajayrathi@gmail or Cont. No. 9311672447, or 7428281471 Unable to post comment. Try Again CA Ajay Rathi Full chapter of BRS uploaded for CA CPT Students This chapter covered in Two days classes... Day 1 Class has Five Parts AND Day2 Class has six parts.. Both day classes covered Concept and Practice of BRS From our Assignment Question Practice and Also ICAI Study Material Practice objective questions. V.V.Important not only for CA-CPT Students but also CA-IPCC Students who are going to join Articleship Questions of our Assignment are as under: Chapter: Bank Reconcilation Statatement For Doubts caajayrathi@gmail or Cont. No. 9311672447, or 7428281471
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