vu mgt611 Mid Term Subjective Solved Past Paper No.3
vu mgt611 Business & Labor Law Solved Past Papers
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- Cheques issued but yet not paid by bank.
- Cheques deposited but not credited by bank.
- Amount directly deposited into bank by a customer but not recorded in the Cash Book.
- Dividend collected by bank but not entered in Cash Book.
- Insurance premium paid by bank but not recorded in Cash Book.
- Cheque deposited but no entry was made in Cash Book.
- Bank charges debited by bank but not credited in the Cash Book
- Interest on overdraft debited by bank but not recorded in Cash Book.
- Cheque issued but wrongly debited in Cash Book
- 10. Interest credited by bank but not recorded in cash book
| Particulars | Add/Less |
| 1. Cheques issued but yet not paid by bank. | less |
| 2. Cheques deposited but not credited by bank. | less |
| 3. Amount directly deposited into bank by a customer but not recorded in the Cash Book. | add |
| 4. Dividend collected by bank but not entered in Cash Book. | add |
| 5. Insurance premium paid by bank but not recorded in Cash Book. | less |
| 6. Cheque deposited but no entry was made in Cash Book. | add |
| 7. Bank charges debited by bank but not credited in the Cash Book | less |
| 8. Interest on overdraft debited by bank but not recorded in Cash Book. | less |
| 9. Cheque issued but wrongly debited in Cash Book | less |
| 10. Interest credited by bank but not recorded in cash book | add |
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
| Particulars | DR | CR |
| Balance as per Cash Book | 19000 | |
| Unpresented cheques | 5000 | |
| Uncredited cheque | 10000 | |
| Interest by bank | 1000 |
