Q. 1.
Mr. Ajay has his account at Punjab
National Bank, Delhi.
According to his Cash Book, his bank balance on 31st December, 2006 was Rs.
82,900. He sent cheques for Rs. 80,000 to his bank for collection but cheques
amounting to Rs. 43,000 were not collected by that date. Out of the cheques
issued by him in payment of his debts, cheques for Rs. 29,000 were not
presented for payment.
Prepare a Bank Reconciliation Statement and find out the balance
as shown by his Pass Book.
Q. 2.
The Cash Book of a merchant showed a
bank balance of Rs. 50,000 on 31st March, 2007. On going through the Cash Book, it was found that two cheques
for Rs. 15,000 and Rs. 17,000 deposited in the month of March were not credited
in the Pass Book till April 7, 2007 and three cheques for Rs. 9,000, Rs. 12,000
and Rs, 19,000 issued on March 28 were not presented for payment till April 3,
2007. In addition to this the bank had credited the merchant for Rs. 1,250 as
interest and had debited him for Rs. 700 as bank charges for which there were
no corresponding entries in the Cash Book. Prepare a Bank Reconciliation
Statement as on March 31, 2007.
Q. 3.
On 30th June, 2007, the bank column of
the Cash Book showed a balance of Rs. 72,000 but the Pass Book shows a different
balance due to the following reasons:
(i)
Cheques paid into Bank Rs. 80,000 but
out of these only cheques of Rs. 65,000 credited by bankers.
(ii)
The receipt column of the Cash Book
under cast by Rs. 4,200.
(iii)
On 27th June, a customer deposited Rs.
43,000 direct in the Bank account but it was entered in Pass Book only.
(iv)
Cheques Rs. 29,200 were issued of which
Rs. 22,700 were presented for payment on 15th July.
(v)
Pass Book shows a credit of Rs. 7,330
as interest and a debit of Rs. 860 as bank charges.
Prepare a Reconciliation Statement as
on 30th June, 2007.
Q. 4.
The Cash Book shows a balance of Rs.
12,500. On comparing the Cash Book with the Pass Book, the following
discrepancies were noted:
|
1.
|
Cheques issued but not yet presented
for payment
|
18,000
|
|
2.
|
Cheques deposited in bank but not
collected
|
27,000
|
|
3.
|
Bank paid insurance premium
|
15,000
|
|
4
|
Bank charges
|
900
|
|
5.
|
Directly deposited by a customer
|
24,000
|
|
6.
|
Interest on investment collected by
bank
|
6,000
|
Q.
5. Prepare a
Bank Reconciliation Statement from the following particulars on 31st
July, 2007:
(i)
Balance as per Pass Book Rs. 2, 50,000.
(ii)
Three cheques for Rs. 60,000, Rs. 39,370 and Rs.
15,250 issued in July, 2007 were presented for payment to the bank in August,
2007.
(iii) Two
cheques of Rs. 6,500 and Rs. 9,650 sent to the bank for collection were not
entered in the Pass Book by July 31, 2007.
(iv)
The bank charged Rs. 4,600 for its commission and
an allowed interest Rs. 1,000 which were not mentioned in his Bank Account.
Q.
6. Mohan
Requests his friend Sanjay to compile his Bank Reconciliation Statement based
on the data collected, as on June 30, 2007, by his accountant, prior to his
sudden illness:
(i)
On 29th June, the bank credited the sum
of Rs. 90,200.
(ii)
Certain cheques, valued at Rs. 40,500 issued before
June 30, were not cleared.
(iii) A hire
purchase payment of Rs.9, 950 made by a standing order was not entered in the
Cash Book.
(iv)
A Cheque of Rs. 6,000 received, deposited and
credited by the bank was accounted as a receipt in the cash column of the Cash
Book.
(v)
Other cheques for Rs. 18,500 were deposited in
June, but cheques for Rs. 16,000 only were cleared by the bankers.
Q. 7.
From the following, prepare a Bank Reconciliation
Statement of Abhinav, on 31st Dec. 2006:
Balance
as per Pass Book on 31st December, 2006 is Rs. 38,500. Cheques for
Rs. 25,000 were issued during the month of December but of these, cheques for
Rs. 12,000 were presented in the month of January, 2007 and one Cheque for Rs.
7,200 was not presented for payment. Cheque and cash amounting to Rs. 14,800
were deposited in the bank during December but credit was given for Rs. 13,000
only. A customer had deposited Rs. 1,600 into the bank directly. The bank has
credited the merchant for Rs. 920 as interest and has debited him for Rs. 830
as bank charges, for which there are no corresponding entries in the Cash Book.
Q. 8.
The pass book of a customer shows a bank balance of
Rs. 69,000 on 31st December, 2006. On comparing it with the Cash
Book the following discrepancies were noted:
(i)
Cheques were paid into the Bank in December but were
credited in January next for Rs. 4,500.
(ii)
Cheques issued in December for 9,700 were credited
in January.
(iii)
Cheque for Rs. 10,000 received from a customer
entered in the Cash Book but was not banked.
(iv)
The Pass Book shows a debit of Rs. 6,000 for bank
charges & credit of Rs. 3,000 as interest.
(v)
Interest on investment Rs. 7,500 collected by the
bank appeared in the Pass Book.
Prepare a
Bank Reconciliation Statement showing the balance as per Cash Book on 31st
December, 2006.
Q. 9.
On 31st December, 2006, the Cash Book of
a merchant showed a bank overdraft of Rs. 1, 72,000. On comparing the Cash Book
with the bank Pass Book the following discrepancies were noted:
(i)
Cheques issued for Rs. 70,000 were not presented in
the bank till 7th January, 2007.
(ii)
Cheques amounting to Rs. 95,000 were deposited in
the bank but were not collected.
(iii) A Cheque
of Rs. 35,000 received from Mahesh & deposited in the bank was dishonoured
but the non-payment advice was not received from the bank till 1st
January, 2007
(iv)
Rs. 1, 80,000 being the proceeds of a bill
receivable collected appeared in the Pass Book but not in the Cash Book.
(v)
Bank Charges Rs. 3,500 and interest on overdraft
Rs. 9,200 appeared in the Pass Book but not in the Cash Book.
Prepare a Bank Reconciliation Statement and show
what balance the bank Pass Book would indicated on 31st December,
2006.
Q. 10.
Prepare a Bank Reconciliation Statement from
the following:
On 31st December, 2006, a merchant's
Cash Book showed a credit bank balance for Rs. 40,500, but due to the following
reasons the Pass Book showed a difference:
(i)
A Cheque of Rs. 6,540 issued to Mohan
has not been presented for payment.
(ii)
A post-dated Cheque for Rs. 1,000 has
been debited in the bank column of the Cash Book but under no circumstances was
it possible to present it.
(iii)
Four cheques of Rs. 6,200 sent to the
bank have not been collected so far. A Cheque of Rs. 4,000 deposited in the
bank has been dishonoured.
(iv)
As per instructions, the bank paid Rs.
750 as Fire Insurance premium but the entry has not been made in the Cash Book.
(v)
There was a debit in the Pass Book of
Rs. 195 in respect of bank charges and a credit of Rs. 925 for interest on
Current Account but no record exists in the Cash Book.
Q. 11.
Ambika Traders find that the bank balance
shown by their Cash Book on December 31, 2006 is Rs. 70,500 (credit) but the
Pass Book shows a difference due to the following reasons:
(i)
A Cheque for Rs. 15,000 drawn in favour
of Mania has not yet been presented for payment;
(ii)
A post-dated Cheque for Rs. 7,800 has
been debited in the bank column of the Cash Book but it could not have been
presented in any case;
(iii)
Cheques totaling Rs. 10,800 deposited
with the bank have not yet been collected and a Cheque for Rs. 7,000 has been
dishonoured;
(iv)
A bill for Rs. 20,000 was retired by
the Bank under a rebate of Rs. 450 but the full amount of the bill was credited
in the bank column of the Cash Book.
Prepare a Bank Reconciliation Statement and find out the balance
as per Pass Book.
Q.
12.
Prepare Bank Reconciliation Statement from the
following particulars as on 31st December, 2006, when Pass Book shows a debit
balance of Rs. 20,500.
(i)
Cheque issued for Rs. 15,000 but up to
31st December, 2006 only Rs. 13,000 could be cleared.
(ii)
Cheques issued for Rs. 10,000 but
omitted to be recorded in Cash Book.
(iii)
Cheques deposited for Rs. 15,500 but
cheques for Rs. 3,500 were collected on 4th January, 2007.
(iv)
A discounted bill of exchange
dishonoured Rs. 5,000.
(v)
A Cheque of Rs. 2,500 debited in Cash
Book, but omitted to be banked.
(vi)
Interest allowed by bank Rs. 800, but
no entry was passed in the Cash Book.
Q.
13.
On 31st December, 2006, the Bank Pass Book of
Navdesh & Co. showed an overdraft of Rs. 90,700. From the following
particulars prepare a Bank Reconciliation Statement:
(i)
Cheques issued before December 31, 2006
but presented for payment after that date amounted to Rs. 9,000.
(ii)
Cheques paid into the Bank but not
collected and credited until December 31, 2006 amounted to Rs. 32,200.
(iii)
Interest on overdraft amounting to Rs.
2,200 did not appear in the Cash Book.
(iv)
Rs. 8,000 being interest on investments
collected by the bank and credited in the Pass Book were not shown in the Cash
Book.
(v)
Bank charges of Rs. 950 were not
entered in the Cash Book.
(vi)
Rs. 8,000 in respect of dishonoured
cheque was entered in the Pass Book but not in the Cash Book.
Q.
14.
On 31st March, 2007, Pass Book of Shri Brahma
Shah shows a debit balance of Rs. 40,000. From the following prepare a Bank
Reconciliation Statement:
(i)
Cheques amounting to Rs. 18,000 drawn
on 25th of March of which cheques of Rs. 5,000 cashed in April 2007.
(ii)
Cheques paid into Bank for collection
to Rs. 15,000 but cheques of Rs. 12,200 could only be collected in March 2007.
(iii)
Bank charges Rs. 1,025 and dividend of
Rs. 3,500 on investment collected by bank could not be shown in Cash Book.
(iv)
A cheque of Rs. 9,600 debited in Cash
Book omitted to be banked.
Q.
15.
On checking the Bank Pass Book it was found
that it showed an overdraft of Rs. 25,220 as on 31st December, 2006, while as
per Ledger it was different to bank debit. The following differences were
noted:
(i)
Cheques deposited but not yet credited
by bank Rs. 26,000.
(ii)
Cheques dishonoured and debited by bank
but not given effect to it in the Ledger Rs. 3,800.
(iii)
Bank charges debited by bank but debit
memo not received from bank Rs. 1,500.
(iv)
Interest on overdraft excess credited
in the Ledger Rs. 1,000.
(v)
Wrongly credited by bank to account,
deposit of some other party Rs. 9,000.
(vi)
Cheques issued but not presented for
payment Rs. 4,000.
Q. 16.
Prepare bank reconciliation statement on 31st
December, 2006 from the following particulars:
(i)
A's overdraft as per Pass Book Rs.
52,000 as at 31st December.
(ii)
On 30th December, Cheques had been
issued for Rs. 90,000 of which cheques worth Rs. 30,000 only had been encashed
up to 31st December.
(iii)
Cheques amounting to Rs. 73,500 had
been paid into the bank for collection but of these only Rs. 65,500 had been
credited in the Pass Book.
(iv)
The bank has charged Rs. 1,500 as
interest on overdraft and the intimation of which has been received on 2nd
January, 2007.
(v)
The Bank Pass Book shows credit for Rs.
21,000 representing Rs. 16,400 paid by debtor of A direct into the bank and Rs.
4,600 collected direct by bank in respect of interest on A's investment. A had
no knowledge of these items.
(vi)
A cheque for Rs. 9,200 has been debited
in bank column of Cash Book by A, but it was not sent to bank at all.
Q.
17.
Prepare a Bank Reconciliation Statement
from the following particulars and show the balance as per Cash Book:
(i)
Balance as per Pass Book on 31st
December, 2006 overdrawn Rs. 80,000.
(ii)
Cheques drawn in the last week of
December 2006for 4,800 has not been presented.
(iii)
Interest on bank overdraft not entered
in the Cash Book Rs. 1,200.
(iv)
Cheques of Rs. 15,000 lodged in the
bank in December, 2006 but not collected and credited till 3rd January, 2007.
(v)
Rs. 8,100 Insurance Premium paid by the
bank under a standing order has not been entered in the Cash Book.
Q.
18.
The Bank Pass Book of Mr. X showed an overdraft
of Rs. 43,575 on 31st March, 2007. On going through the Pass Book the
accountant found the following:
(i)
A cheque of Rs. 3,080 credited in the
Pass Book on March 28, being dishonoured is debited gain in the Pass Book on
1st April 2007. There was no entry in the Cash Book about the dishonour of the
cheque until 15th April.
(ii)
Bankers had credited his account with
Rs. 7,800 for interest collected by them on his behalf, but the same had not
been entered in his Cash Book.
(iii)
Out of Rs. 30,500 paid in by Mr. X in
cash and by cheques on 3lst March, cheques amounting to Rs. 17,500 were
collected on 7th April.
(iv)
Out of cheques amounting to Rs. 27,800
drawn by him on 27th March, a cheque for Rs. 12,500 was encased on 3rd April.
Prepare Bank Reconciliation Statement on March 31, 2007.
Q. 19.
Mohan &
Co., have two bank accounts – Account No. I
and Account No. II. From the following particulars relating to Account No. I,
find out the balance on that account as at December, 2006 according to the Cash
Book (Bank Column) of the firm:
|
a)Overdraft as per Pass Book
|
74,720
|
|
b) Cheques issued prior to 31st December, 2006 but not presented
until after that date
|
5,420
|
|
c) Cheques paid into bank prior to 31st December, 2006 but not
credited until after that date
|
5,750
|
|
d) Interest debited by the bank not entered in the Cash Book
|
900
|
|
e) Bank charges debited by bank not entered in the Cash Book
|
740
|
|
f) Transfer of funds from Account No. II to Account No. I recorded
by the bank on 31st December, 2006 but entered in the Cash Book on 2nd
January, 2007
|
15,000
|
Q. 20.
On 31.3.2008
the pass book of Mr. Rajan’s current account showed a credit balance of Rs.
32,000. Prepare a Bank Reconciliation Statement and ascertain the Cash Book
Balance with following information:
a)
Mr. Rajan issued a cheque of Rs. 3,000 on 25th
march but this was not presented for payment whereas this was recorded twice in
Cash Book.
b)
A cheque of Rs. 7,200 drawn on his Saving Deposit
A/c has been shown as drawn on the Current A/c in the Cash Book.
c)
A cheque of Rs. 2,850 issued on 28th
March, was entered in the cash column.
d)
In the Pass Book, a bank charge of Rs. 250 was
recorded twice while another bank charge of Rs. 470 was not recorded in the
Cash Book.
e)
Bank paid LIC premium of Rs. 7,500 as per standing
instructions.
Q. 21.
The pass
book of Mr. Amit showed a credit balance of Rs. 15,000 as on 31st
March 2008. Prepare a Bank Reconciliation Statement and ascertain the balance
as per cash book.
a)
Bank collected a cheque of Rs. 2,500 on behalf of
Mr. Amit but wrongly credited to Amita’s A/c (another customer).
b)
Bank recorded a cash deposit of Rs. 12,589 as Rs.
12,895.
c)
Withdrawl column of the Pass Book undercast by Rs.
1,100.
d)
The credit balance of Rs. 7,500 as on page 14 of
the pass book was recorded on page 15 as a debit balance.
e)
The payment of a cheque of Rs. 2,350 was recorded
twice in the pass book.
f)
The pass book showed a credit for a cheque of Rs.
2,000 deposited by Amita (another customer of the bank).
g)
Dividend directly received by bank Rs. 1,250.
