Sarthaks Test
0 votes
609 views
in Accounts by (64.1k points)

Prepare Bank Reconciliation Statement from the following: On 31st March, 2015, a merchant’s Cash Book showed a credit bank balance of 10,500 but due to the following reasons the Pass Book showed a difference: 

i. A cheque of Rs.540 issued to Mohan has not been presented for payment. 

ii. A post-dated cheque for Rs.100 has been debited in the bank column of the Cash Book but under no circumstances was it possible to present it. 

iii. Four cheques of Rs.1,200 sent to the bank have not been collected so far. A cheque Rs.400 deposited in the bank has been dishonoured. 

iv. As per instructions, the bank paid Rs.50 as Fire Insurance premium but the entry has not been made in the Cash Book. 

v. There was a debit in the Pass Book of Rs.15 in respect of bank charges and a credit of Rs.25 for interest on Account but no record exists in the Cash Book.

1 Answer

0 votes
by (106k points)
selected by
 
Best answer

Bank Reconciliation Statement as on March 31,2015

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...