[CBSE] Q 8 Bank Reconciliation Statement Solutions TS Grewal class 11 (2022-23)

Are you looking for the solution of Question number 8 Bank Reconciliation statement TS Grewal Class 11 CBSE Board 2022-23 Session?

A Bank Reconciliation Statement is prepared as on 31st March, 2022 starting with debit balance as per Cash Book. State whether the following transactions will be shown in the Bank Reconciliation Statement by adding or deducting these from the given balance giving reason:

(i) Bank had wrongly debited the account by ₹ 25,000 on 1st March, 2022 and reversed on 3rd April, 2022.

(ii) Receipts Side of the Cash Book was overcast by ₹ 100.

(iii) Payments Side of the Cash Book was overcast by ₹ 1,000.

(iv) Receipts Side of the Cash Book was undercast by ₹ 1,000.

(v) Payments Side of the Cash Book was undercast by ₹ 10,000.

(vi) Cheque for ₹ 10,000 issued but was not recorded in the Cash Book.

(vii) Bill of Exchange of ₹ 5,000 was deposited for collection which was not recorded in the Cash Book. Bank had collected the bill and had credited the account.

[Transactions to be added: (iii), (iv), (vii); Transactions to be deducted: (i), (ii), (v), (vi).]

Solution:-

i) Transaction to be deducted as cash book balance higher than the pass book. Thus to match cash book with pass book the transactions is to be deducted.

ii) Transaction to be deducted as cash book balance is higher than the pass book. Thus to match the balance of cash book with pass book the transactions is to be deducted.

iii) Transaction to be added as cash book balance is less than the pass book. Thus to match cash book with pass book the transactions is to be added.

iv) Transaction to be added as cash book balance is less than the pass book. Thus to match cash book with pass book the transactions is to be added.

v) Transaction to be deducted as cash book balance is higher than the pass book. Thus to match the balance of the cash book with pass book the transactions is to be deducted.

vi) Transaction to be deducted as cash book balance is higher than the pass book. Thus to match the balance of the cash book with pass book the transactions is to be deducted.

vii) Transaction to be added as cash book balance is less than the pass book. Thus to match cash book with pass book the transactions is to be added.

Below is the list of all solutions of Bank Reconciliation statement TS Grewal CBSE Board

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30