The following discrepancies were noted on comparing Cash Book-02167
This subjective question is related to the book/course
vu mgt611 Business & Labor Law.
It can also be found in
vu mgt611 Mid Term Solved Past Paper No. 3.
Question 1: The following discrepancies were noted on comparing Cash Book with Pass Book.
Balance as per Cash Book (Cr) is Rs. 19,000.
Cheque for Rs. 5,000 paid into the bank for collection on 20th March, 2008 has not yet been collected.
Cheques for Rs. 15,000 Issued on 24th March, 2008, out of which Cheques for Rs. 10,000 presented during March, 2008 An amount of Rs. 1,000 for interest on overdraft was debited in the Pass Book but was intimated to Mr. David on 4th April, 2008.
Mr. David paid into his bank account an amount of Rs. 3,000 but it was wrongly credited to Mr. Denial's Account. On 20th March, 2008 the bank received dividend of Rs. 10,000 from a company where Mr. David's has invested his money, the same had been recorded in Cash Book on 31st March, 2008.
Cheque of Rs. 2,500 was shown in Pass Book as dishonored.
Required: Prepare a Bank Reconciliation Statement as on 31st March, 2008
Balance as per Cash Book (Cr) is Rs. 19,000.
Cheque for Rs. 5,000 paid into the bank for collection on 20th March, 2008 has not yet been collected.
Cheques for Rs. 15,000 Issued on 24th March, 2008, out of which Cheques for Rs. 10,000 presented during March, 2008 An amount of Rs. 1,000 for interest on overdraft was debited in the Pass Book but was intimated to Mr. David on 4th April, 2008.
Mr. David paid into his bank account an amount of Rs. 3,000 but it was wrongly credited to Mr. Denial's Account. On 20th March, 2008 the bank received dividend of Rs. 10,000 from a company where Mr. David's has invested his money, the same had been recorded in Cash Book on 31st March, 2008.
Cheque of Rs. 2,500 was shown in Pass Book as dishonored.
Required: Prepare a Bank Reconciliation Statement as on 31st March, 2008
Answer:
| Particulars | DR | CR |
| Balance as per Cash Book | 19000 | |
| Unpresented cheques | 5000 | |
| Uncredited cheque | 10000 | |
| Interest by bank | 1000 |
