Solution of Question number 29 Bank Reconciliation Statement class 11 ISC 2023-24?
On Comparing the Cash Book of Mohan with the Bank Pass Book, following discrepencies were noted:
(a) Out of ₹ 24,600 paid by cheques into the bank on 26th March cheque amounting to ₹ 9,000 were collected on 8th April.
(b) Cheques amounting to ₹ 5,760 were deposited into bank on 27th March but credit was given for ₹ 4,560 only.
(c) Out of cheques of ₹ 9,360 drawn on 25th March, a cheque for ₹ 3,000 was encashed on 3rd April.
(d) Cheques issued to creditors of ₹ 24,000 on 26th March of which cheques of ₹ 3,600 were presented to bank up to 31st March.
(e) A cheque of ₹ 1,200 recorded in Cash Book but omitted to be banked on 31st March.
(f) A cheque for ₹ 720 deposited into bank but omitted to be recorded in Cash Book.
(g) A bill receivable for ₹ 624 previously discounted (Discount ₹ 24) with the bank had been dishonoured but advice was received on 3rd April.
(h) A bill of ₹ 12,000 was retired by the bank under rebate of ₹ 180 but the full amount was credited in the bank column of Cash Book.
(i) A cheque of ₹ 1,296 credited in the Bank Pass Book on March 27 being dishonoured is debited in the Bank Pass Book on 1st April. There was no entry in the Cash Book about the dishonour of the Cheque until 15th April.
(j) A cheque of ₹ 240 drawn on his Savings Account has been shown as drawn on Current Account in Cash Book.
(k) A bill of ₹ 10,000 discounted with the bank at discount of ₹ 200 but inadvertently debited the full amount to Cash Book.
Prepare Bank Reconciliation Statement as on 31st March, 2022 if the Debit Balance as per Cash Book on 31st March, 2022 was ₹ 47,484.
Below is the list of all solutions of this chapter
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