MENU
Question -

Raghav & Co. have two bank accounts. Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account of March 31, 2017 according to the cash book of the firm.
 
(i) Cheques paid into bank prior to March 31, 2017, but not credited for Rs 10,000.
(ii) Transfer of funds from account No. II to account no. I recorded by the bank on March 31, 2017 but entered in the cash book after that date for Rs 8,000.
(iii) Cheques issued prior to March 31, 2017 but not presented until after that date for Rs 7,429.
(iv) Bank charges debited by bank not entered in the cash book for Rs 200.
(v) Interest Debited by the bank not entered in the cash book Rs 580.
(vi) Overdraft as per Passbook Rs 18,990.



Answer -

Bank Reconciliation Statement of Mr. Raghav and Co. Account No. I
as on March 31, 2017

S. No.

Particulars

(+)

Amount

Rs

(–)

Amount

Rs

 

Overdraft as per the Pass Book

 

18,990

(i)

Cheque deposited but not cleared prior to 31 Dec. 2013

10,000

 

(ii)

Amount transferred Account II to Account I recorded in the Pass Book

but not entered in the Cash Book

 

8,000

(iii)

Cheque issued but not presented for payment

 

7,429

(iv)

Bank debited charges

200

 

(v)

Interest on overdraft not credited in the Cash Book

580

 

 

 

 

 

 

Overdraft as per the Cash Book

23,639

 

 

 

34,419

34,419

 

 

 

 

Comment(S)

Show all Coment

Leave a Comment

Free - Previous Years Question Papers
Any questions? Ask us!
NodeJS Interview Questions Answers
ASP.Net Interview Questions Answers
Interview Questions Answers
×