Question - 21 : -
Kumar find that the bank balance shown by his cash book on December 31, 2017 is Rs 90,600 (Credit) but the passbook shows a difference due to the following reason:

A cheque (post dated) for Rs 1,000 has been debited in the bank column of the cash book but not presented for payment. Also, a cheque for Rs 8,000 drawn in favour of Manohar has not yet been presented for payment. Cheques totaling Rs 1,500 deposited in the bank have not yet been collected and cheque for Rs 5,000 has been dishonoured.

Answer - 21 : -

Bank Reconciliation Statement of Kumar as on December 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Overdraft as per the Cash Book		90,600
(i)	Cheque debited in the Cash Book but not deposited in the bank		1,000
(ii)	Cheque issued but not presented for payment	8,000
(iii)	Cheque deposited but not yet cleared		1,500
(iv)	Cheque dishonoured		5,000

	Overdraft as per the Pass Book	90,100
		98,100	98,100

Question - 22 : -
On December 31, 2017, the cash book of Mittal Bros. Showed an overdraft of Rs 6,920. From the following particulars prepare a Bank Reconciliation Statement and ascertain the balance as per passbook.
(1) Debited by bank for Rs 200 on account of Interest on overdraft and Rs 50 on account of charges for collecting bills.
(2) Cheques drawn but not encashed before December, 31 2017 for Rs 4,000.
(3) The bank has collected interest and has credited Rs 600 in passbook.
(4) A bill receivable for Rs 700 previously discounted with the bank had been dishonoured and debited in the passbook.
(5) Cheques paid into bank but not collected and credited before December 31, 2017 amounted Rs 6,000.

Answer - 22 : -

Bank Reconciliation Statement of Mittal Bros. as on December 31, 2017
S. No.	Particulars	(+) Amount (₹)	(–) Amount (₹)
	Overdraft as per the Cash Book		6,920
1	Bank debited interest on overdraft		200
	Bank debited charges for collecting bills		50
2	Cheque issued but not presented for payment	4,000
3	Bank collected interest	600
4	Bill Receivable dishonoured		700
5	Cheque deposited but not cleared in December		6,000

	Overdraft as per the Pass Book	9,270
		13,870	13,870

Question - 23 : -
Prepare bank reconciliation statement of Shri Bhandari as on March 31, 2017

(i) The Payment of a cheque for Rs 550 was recorded twice in the passbook.
(ii) Withdrawal column of the passbook under cast by Rs 200
(iii) A Cheque of Rs 200 has been debited in the bank column of the Cash Book but it was not sent to bank at all.
(iv) A Cheque of Rs 300 debited to Bank column of the cash book was not sent to the bank.
(v) Rs 500 in respect of dishonoured cheque were entered in the passbook but not in the cash book. Overdraft as per passbook is Rs 20,000.

Answer - 23 : -

Bank Reconciliation Statement of Shri Bhandari as on March 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Overdraft as per the Pass Book		20,000
(i)	Payment of cheque twice debited in the Pass Book	550
(ii)	Withdrawal column of the Pass Book undercast		200
(iii)	Cheque debited in the Cash Book but not deposited in the bank	200
(iv)	Cheque added in the Cash Book but not deposited in the bank	300
(v)	Cheque dishonoured	500

	Overdraft as per the Cash Book	18,650

		20,200	20,200

Question - 24 : -
Overdraft shown by the passbook of Mr. Murli is Rs 20,000. Prepare bank reconciliation statement on dated March 31, 2017.

(i) Bank charges debited as per passbook Rs 500.
(ii) Cheques recorded in the cash book but not sent to the bank for collection Rs 2,500.
(iii) Received a payment directly from customer Rs 4,600.
(iv) Cheque issued but not presented for payment Rs 6,980.
(v) Interest credited by the bank Rs 100.
(vi) LIC paid by bank Rs 2,500.
(vii) Cheques deposited with the bank but not collected Rs 3,500.

Answer - 24 : -

Bank Reconciliation Statement of Mr. Murli as on March 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Overdraft as per the Pass Book		20,000
(i)	Bank charges debited in the Pass Book	500
(ii)	Cheque recorded in the Cash Book but not banked	2,500
(iii)	Amount directly paid by customer in the bank		4,600
(iv)	Cheque issued but not presented for payment		6,980
(v)	Interest allowed by bank		100
(vi)	LIC (insurance premium) paid by bank	2,500
(vii)	Cheques deposited but not cleared	3,500

	Overdraft as per the Cash Book	22,680
		31,680	31,680

Question - 25 : -
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 - 25 : -

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

Question - 26 : -
Prepare a bank reconciliation statement from the following particulars and show the balance as per cash book.

(i) Balance as per passbook on March 31, 2017 overdrawn Rs 20,000.
(ii) Interest on bank overdraft not entered in the cash book Rs 2,000.
(iii) Rs 200 insurance premium paid by bank has not been entered in the cash book.
(iv) Cheques drawn in the last week of March, 2017, but not cleared till date for Rs 3,000 and Rs 3,500.
(v) Cheques deposited into bank on February 2017, but yet to be credited on dated March 31, 2017 Rs 6,000.
(vii) Wrongly debited by bank Rs 500.

Answer - 26 : -

Bank Reconciliation Statement as on March 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Overdraft as per the Pass Book		20,000
(i)	Interest on overdraft not credited in the Cash Book	2,000
(ii)	Insurance premium paid by bank not entered in the Cash Book	200
(iii)	Cheques issued but not presented for payment		6,500
(iv)	Cheques deposited but not cleared	6,000
(v)	Amount wrongly debited by bank	500

	Overdraft as per the Cash Book	17,800
		26,500	26,500

Question - 27 : -
The passbook of Mr. Randhir showed an overdraft of Rs 40,950 on March 31, 2017. Prepare bank reconciliation statement on March 31, 2017.

(i) Out of cheques amounting to Rs 8,000 drawn by Mr. Randhir on March 27, a cheque for Rs 3,000 was encashed on April 2017.
(ii) Credited by bank with Rs 3,800 for interest collected by them, but the amount is not entered in the cash book.
(iii) Rs 10,900 paid in by Mr. Randhir in cash and by cheques on March, 31 cheques amounting to Rs 3,800 were collected on April, 07.
(iv) A Cheque of Rs 780 credited in the passbook on March 28 being dishonoured is debited again in the passbook on April 01, 2017. There was no entry in the cash book about the dishonour of the cheque until April 15

Answer - 27 : -

Bank Reconciliation Statement of Mr Randhir as on March 31, 2017
S. No.	Particulars	(+) Amount Rs	(–) Amount Rs
	Overdraft as per the Pass Book		40,950
(i)	Cheque issued but not presented for payment in March		3,000
(ii)	Interest collected by bank not entered in the Cash Book		3,800
(iii)	Cheque deposited but not yet cleared in March	3,800
(iv)	Cheque dishonoured in April	780

	Overdraft as per the Cash Book	43,170
		47,750	47,750

Free - Previous Years Question Papers

Any questions? Ask us!

NodeJS Interview Questions Answers

ASP.Net Interview Questions Answers

Interview Questions Answers

Chapter 5 Bank Reconciliation Statement Solutions

Subscribe Now!