[CBSE] Q 7 Bank Reconciliation Statement Solutions TS Grewal class 11 (2022-23)

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On examining the Bank Statement of Green Ltd., it is found that the balance shown on 31st March, 2022, differs from the bank balance of ₹ 23,650 shown by the Cash Book on that date. From a detailed comparison of the entries it is found that:

(i) ₹ 2,860 is entered in the Cash Book is paid into the bank on 31st March, 2022 but not credited by the bank until the following day.

(ii) Bank Charges of ₹ 70 on 31st March, 2022 are not entered in the Cash Book.

(iii) A bill for ₹ 5,500 discounted with the bank is entered in the Cash Book without recording the discount charges of ₹ 270.

(iv) Cheques totalling ₹ 16,720 were issued by the company and duly recorded in the Cash Book before 31st March, 2022 but had not been presented at the Bank for payment until after that date.

(v) On 25th March, 2022, a debtor paid ₹ 1,000 into the Company’s Bank in settlement of his account but no entry was made in the Cash Book of the company in respect of this.

(vi) No entry has been made in the Cash Book to record the dishonour on 15th March, 2022, of a cheque for ₹ 550 received from Ram Babu.

Prepare a Bank Reconciliation Statement as on 31st March, 2022.

[Balance as per Bank Statement – ₹ 37,620.]

Solution:-

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