Bank Reconciliation Statement Assignment

Winning Quest
Ques. -1. From the following particulars ascertain the balance that would appear in the Bank Pass Book of A on
31st December, 2006.
1. The bank Overdraft as per Cash Book on 31st December, 2006 Rs. 6340.
2. Interest on overdraft for 6 months ending 31st December, 2006 Rs. 160 is entered in Pass Book.
3. Bank Charges of Rs. 30 for above paid are debited in the pass book.
4. Cheques issued but not cashed prior to 31st December, 2006, amounted to Rs. 1168.
5. Cheques paid into bank but not cleared before 31st December, 2006 were for Rs. 2170.
6. Interest on investment collected by the bank and credited in the pass book Rs. 1200.
(Ans. 6332 Overdraft)
Ques.- 2. From the following particulars prepare a bank reconciliation statement as on 31st March, 2015
1. On 31st March, 2015, the bank balance as per cash book was Rs. 9800
2. The following cheques were paid into the firm’s bank account in March, 2015 but yet not credited by the
bank- Raman Rs. 400, Chand Ram Rs. 300, Mohan Rs. 200
3. The following cheques were issued by the firm in March, 2015 but yet not presented – Gopal Rs. 500;
Krishan Rs. 250
4. The Pass Book shows a credit of Rs. 180 for interest and a debit of Rs. 40 for bank charges, both have not
been recorded in cash book.
5. The pass book also contains an entry for Rs. 240 being payment made by customer directly into the bank.
(Ans. – 10030 Credit)
Ques. –3. From the following information, prepare a bank reconciliation statement as at 31st December, 2011 for
Messrs New Steel Ltd.
1. Bank overdraft as per cash book on 31st December 2011 245900

2. Interest debited by bank on 26th December, 2011 but no advice received 27870
3. Cheque issued before 31st December, 2011 but not yet presented to bank 66,000
4. Transport Subsidy received from the state government directly by the bank but not advised to
the company 42500
5. Draft deposited in the bank , but not credited till 31st December,2011 13500
6. Bills for collection credited by the bank till 31st December, 2011 but no advice received by
The company 83600
7. Amount wrongly debited to company account by the bank, for which no details are
available 7400
(Ans. 102570 Overdraft)
Ques. 4- From the following particulars prepare a bank reconciliation statement as on 31st March, 2007,
1. Balance as per cash book on 31st March, 2007, was Rs. 12000.
2. Cheques deposited in the bank on 27th March Rs. 6000 credited in the pass book on 5th April, 2007
3. Interest Rs. 14 credited by the bank on 31st March, 2007 was not entered in cash book.
4. Cheques worth Rs. 8,000 issued prior to 31st March 2007 were not presented to bank till 31st March, 2007
5. Bank Charges Rs. 18 recorded in pass book only.
Cheques issued to a creditor for Rs. 500 was through mistake entered in cash column of cash book. The cheque had
not been presented for payment
(Ans. Rs. 13996 Credit)
Compiled By- CA. Pardeep Jha; Mrs. Nisha Jha

#69, 1st floor, Near Murliwala, Paschim Puri, New Delhi - 110063
 +91-7042627555, +91-9971316698; Email: [email protected]
Website: www.winningquest.com ; https://www.facebook.com/winningquest
Winning Quest
Ques. 5- The bank account of mukesh was balanced on 31st march, 2015. It showed an overdraft of Rs. 5000. The
bank statement of Mukesh showed a credit balance of Rs. 76750. Prepare bank reconciliation statement taking the
following into account.
1. Cheques issued but not presented for payment till 31st March, 2015, Rs. 12000.
2. Cheques deposited but not collected by the bank till 31st March, 2015, Rs. 20000.
3. Interest on Term Loan Rs. 10000 debited by bank on 31st March, 2015 but not accounted in Mukesh’s book.
4. Bank Charges Rs. 250 was debited by bank during March, 2015 but accounted in the books of Mukesh next
month.
5. An amount of Rs. 1,00,000 representing collection of Mukund’s cheque was wrongly credited to the
account of Mukesh by the bank in their bank statement.
Ques – 6. When Nikki & Co. received a Bank Statement showing a favourable balance of ₹ 10,392 for the period
ended on 30th June,2012, this did not agree with the balance in Cash book.
An examination of Cash Book and Bank Statement disclosed the following-
1. A deposit of ₹ 3092 paid on 29th June 2012 had not been credited by the Bank until 1st July 2012
2. On 30th March, 2012 the company had entered into hire purchase agreement to pay by bankers order a sum
of ₹ 3000 on the 10th of each month, commencing from April, 2006. No entries had been made in cash book.
3. A customer of the firm, who received a cash discount of 4% on his account of ₹ 4000 paid the firm a
cheque on 12th june. The cashier erroneously entered the gross amount in the bank column of cash book.
4. Bank charges amounting to ₹ 300 had not been entered in cash book.
5. On 28th June, a customer of the company directly deposited the amount in the bank ₹ 4000, but no entry
had been made in cash book.
6. ₹1200 paid into the bank had been entered twice in cash Book
7. A debit of ₹ 100 appeared in Bank statement for unpaid Cheque, which had been returned marked ‘out of
date’. The cheque had been re-dated by the customer and paid into bank again on 5th july 2012
Prepare the bank reconciliation statement on 30th june 2012
( Ans. 20244)
Ques. 7. – The cash book of Mr. Gadbadwala shows Rs. 8364 as balance at bank on 31st March, 2015, but you find
that it does not agree with the balance as per the bank pass book. On scrutiny you find the following
discrepancies.:
1. On 15th March , 2015 the payment side of the cash book was undercast by Rs. 100.
2. A cheque for Rs. 131 issued on 25th March, 2015 was not taken in the bank column
3. One deposit of Rs. 150 was recorded in cash book as if there is no bank column therein
4. On 18th March, 2015, the debit balance of Rs. 1526 as on the previous day was brought forward as credit
balance.
5. Of the total cheques amounting to Rs. 11514 drawn in the last week of March, 20 cheques aggregating Rs.
7815 were encased in April.
6. Dividends of Rs. 250 collected by the bank and subscription of Rs. 100 paid by it were not recorded in cash
book.
7. One out going cheque of Rs. 350 was recorded twice in the Cash Book. Prepare a reconciliation Statement
(Ans. 15534)

Winning Quest
Ques. – 8. On 30 December, 2006 the bank column of A. Philip’s cash book showed a debit balance of ₹ 461. On
th
examination of the cash book and bank statement you find that:
1. Cheques amounting to ₹ 630 which were issued to creditors and entered in the cash book before 30th
December, 2006 were not presented for payment until that date.
2. Cheques amounting to ₹ 250 had been recorded in the cash book as having been paid into the bank on
30th December, 2006, but were entered in the bank statement on 1st January, 2007.
3. A cheques for ₹ 73 had been dishonoured prior to 30th December, 2006 but no record of this fact
appeared in cash book.
4. A dividend of ₹ 38, paid direct to the bank had not been recorded in the cash book.
5. Bank Interest and charges amounting to ₹ 42 had been charged in the bank statement but not entered in
the cash book.
6. No entry had been made in the ash book for a trade subscription of ₹ 10 paid vide banker’s order in
November, 2006.
7. A cheques of ₹ 27 drawn by B. Philip had been charged to A. Philip’s Bank account by Mistake in
December, 2006.
You are required to make a Bank Reconciliation Statement.


Bank Reconciliation Statement Assignment

Uploaded by

Copyright:

Available Formats

Bank Reconciliation Statement Assignment

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Bank Reconciliation Statement Assignment

Uploaded by

Copyright:

Available Formats

Winning Quest

1. Bank overdraft as per cash book on 31st December 2011 245900

Compiled By- CA. Pardeep Jha; Mrs. Nisha Jha

An examination of Cash Book and Bank Statement disclosed the following-

Compiled By- CA. Pardeep Jha; Mrs. Nisha Jha

You are required to make a Bank Reconciliation Statement.

Compiled By- CA. Pardeep Jha; Mrs. Nisha Jha

You might also like