[ISC] Q 13 Solution Bank Reconciliation Statement Class 11 (2023-24)
Solution of Question number 13 Bank Reconciliation Statement class 11 ISC 2023-24?
A Bank Reconciliation Statement is prepared as on 31st March, 2023 stating with credit balance as per bank Pass 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 allowed interest and credited the account by ₹ 2,000.
(ii) Bill of Exchange for ₹ 5,000 realised by the bank was not recorded in Cash Book.
(iii) Bank Charges Charged by the Bank ₹ 1,000.
(iv) Cheques of ₹ 10,000 issued not recorded in the Cash Book were paid and debited to the account by the bank.
(v) Receipts Side of the Cash Book was overcasted by ₹ 1,000.
(vi) Payments Side of the Cash Book was undercasted by ₹ 10,000.
Solution:-
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