[ISC] Q 9 Solution Bank Reconciliation Statement Class 11 (2023-24)

Solution of Question number 9 Bank Reconciliation Statement class 11 ISC 2023-24?

A Bank Reconciliation Statement is prepared as on 31st March, 2023 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, 2023 and reversed on 3rd April, 2023.

(ii) Bank had wrongly debited ₹ 10,000 on 5th March, 2023 which it reversed on 25th March,2023.

(iii) Receipts Side of the Cash Book was overcasted by ₹ 100.

(iv) Payments Side of the Cash Book was overcasted by ₹ 1,000

(v) Receipts Side of the Cash Book was undercasted by ₹ 1,000

(vi) Payments Side of the Cash Book was undercasted by ₹ 10,000.

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

(viii) 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.

Solution:-

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