VELAMMAL NEW GEN SCHOOL SURAPET

CLASS 11 ACCOUNTANCY- WORKSHEET

BANK RECONCILIATION STATEMENT

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(+) Items (Items which increases the Pass Book Balances or decreases the Cash Book Balance

(1) Cheques issued but not yet presented.

(2) Credits made by the bank for Interest.

(3) Amount directly deposited by the customers in our bank A/c.

(4) Interest and dividend collected by the bank.

(5) Cheques paid into the bank but omitted to be recorded in the Cash Book.

(–) Items (Items which, decreases the Pass Book Balance or increase the Cash Book Balance)

1. Cheques sent to the bank for collection but not yet credited by the bank.

2. Cheques paid into the bank but dishonored.

3. Direct payments made by the bank.

4. Bank charges, commission etc. debited by the bank.

5. Cheques issued but omitted to be recorded in the Cash Book.

When Credit Balance (Overdraft) as per Cash Book is Given: -

Q. 1. Prepare Bank Reconciliation Statement as on 31st January, 2017, if Cash Book of Sanjay showed
a credit balance of Rs.20, I00.

(i) The bank had paid fire insurance premium of Rs. 5500 which does not appear in the Cash Book.

(ii) Cheques for Rs. 25,000 issued during January, but cheques for only Rs.18,500 were presented for
payment.

(iii) Interest collected by bank RS.740.

(iv) Cheque of Rs. 8,700 were deposited into bank, but cheques for Rs. 7,000 were cleared till 3lst
January, 2017.

(v) A customer deposited Rs. 620 directly into bank without informing Mr. Sanjay.

Ans : (Debit) Balance as per Pass Book Rs.14,490.]

Q. 2. Prepare the Bank Reconciliation Statement from the following particular

for the period ending 31 st December, 2019.

(a) Overdraft as per Pass Book on 31-12-2019 Rs.7,600.

(b) Cheques deposited but not collected by the bank Rs.8, 560.

(c) Incidental charges not recorded in Cash Book Rs.80.

(d) Cheques were issued for Rs7,800 but. only Rs.4,400 were presented payment.

(e) Insurance premium paid by bank not recorded in the Cash Book Rs.4,200

(f) On 31 st December, 2019 cash was deposited in bank Rs.385 but the cashier

debited the bank column with Rs.485 by mistake. [Ans. Dr. Balance as per Cash Book Rs1,940.]

Q. 3. On 30th June 2020 Pass Book showed a balance of Rs.5,200. Prepare Bank

Reconciliation Statement from the following particulars: -

I. Out of total cheques amounting to Rs.16,000 deposited, cheques amounting to

Rs. 9,000 were credited in June 2020, Cheques amounting to Rs.3, 000 were

Credited in July 2020, and the rest have not been collected so far.

II. Out of total cheques amounting to Rs.45,000 drawn, cheques amounting to

Rs. 7,500 were presented in June 2020, Cheques amounting to RS.18,000 were

presented in July 2020, and the rest have not been presented so far.

III. Amount wrongly credited by bank Rs. 3,400.

IV. Payment side of the Cash Book has been undercast by Rs.200.

V. Cheques recorded in the Cash Book in June 2020 but sent to bank in July 2020

Rs.2,500.

VI. A cheque of Rs.20,000 deposited in the bank has been dishonored but no

intimation was received till June 2020.

[Ans. Overdraft balance as per Cash Book Rs.6,000.]

Q. 4. On 30th June, 2020 the Pass Book of Sh. Mahabir Prasad showed a balance of Rs.22,000. On
comparing the Pass Book with Cash Book the following differences were found: -

I. Mahabir Prasad had paid into the Bank on 26th June four cheques for Rs.3,000; Rs.6,000; Rs.8,000
and Rs.I0,000. Of these, the cheque for Rs.6,000 was credited by the bank in July 2020.

2. On 23rd June three cheques were drawn for RS.12,000; ~13,000 and Rs.16,000.The first two
cheques were presented to the bank for payment in June and the third in July 2020.

3. Cheques amounting to Rs.3,600 were deposited in the bank but no entry was passed in the Cash
Book.

4. Bank charges entered in Cash Book twice Rs.50.

5. Cheque received entered twice in the Cash Book Rs. 3,200.

Prepare a Bank Reconciliation Statement as on 30th June 2020.

[ANS. Dr. Balance as per Cash Book Rs.11,550.]

TRIAL BALANCE

Q.1

Q2. Prepare a Trial Balance from the following balances as on 31st March 2017

Q3. Following balances were extracted from the books of Ravinder associates as at 31st March 2017
Q4. The following Trial balance has been prepared by an inexperienced accountant. Redraft it in a
correct form.

Q5. The following Trial balance has been prepared by an inexperienced accountant. Redraft it in a
correct form
RECTIFICATION OF ERRORS

Q1 :Rectify the following errors:

(i) Credit sales to Mohan Rs 7,000 were not recorded.

(ii) Credit purchases from Rohan Rs 9,000 were not recorded.

(iii) Goods returned to Rakesh Rs 4,000 were not recorded.

(iv) Goods returned from Mahesh Rs 1,000 were not recorded.

Q2: Rectify the following errors:

(i) Credit sales to Mohan Rs 7,000 were recorded as Rs 700.

(ii) Credit purchases from Rohan Rs 9,000 were recorded. as Rs 900.

(iii) Goods returned to Rakesh Rs 4,000 were recorded as Rs 400.

(iv) Goods returned from Mahesh Rs 1,000 were recorded as Rs 100.

Q3 :Rectify the following errors:

(i) Credit sales to Mohan Rs 7,000 were recorded as Rs 7,200.

(ii) Credit purchases from Rohan Rs 9,000 were recorded as Rs 9,900.

(iii) Goods returned to Rakesh Rs 4,000 were recorded as Rs 4,040.

(iv) Goods returned from Mahesh Rs 1,000 were recorded as Rs 1,600.

Q4 :Rectify the following errors:

(a) Salary paid Rs 5,000 was debited to employee's personal account.

(b) Rent Paid Rs 4,000 was posted to landlord's personal account.

(c) Goods withdrawn by proprietor for personal use Rs 1,000 were debited to sundry expenses
account.

(d) Cash received from Kohli Rs 2,000 was posted to Kapur's account.

(e) Cash paid to Babu Rs 1,500 was posted to Sabu's account.

Q5 :Rectify the following errors:

(a) Credit Sales to Mohan Rs 7,000 were recorded in purchases book.

(b) Credit Purchases from Rohan Rs 900 were recorded in sales book.

(c) Goods returned to Rakesh Rs 4,000 were recorded in the sales return book.

(d) Goods returned from Mahesh Rs 1,000 were recorded in purchases return book.

(e) Goods returned from Nahesh Rs 2,000 were recorded in purchases book.
Q6 :Rectify the following errors:

(a) Sales book overcast by Rs 700. (b) Purchases book overcast by Rs 500.(c) Sales return book
overcast by Rs 300.(d) Purchase return book overcast by Rs 200.

Q7 :Rectify the following errors:

(a) Sales book undercast by Rs 300.(b) Purchases book undercast by Rs 400.

(c) Return Inwards book undercast by Rs 200. (d) Return outwards book undercast by Rs 100.

Q8: Rectify the following errors and ascertain the amount of difference in trial balance by

preparing suspense account:

Credit sales to Mohan Rs 7,000 were not posted. (b) Credit purchases from Rohan Rs 9,000 were not
posted. (c) Goods returned to Rakesh Rs 4,000 were not posted. (d) Goods returned from Mahesh Rs
1,000 were not posted. (e) Cash paid to Ganesh Rs 3,000 was not posted.(f) Cash sales Rs 2,000 were
not posted.

Q9: Rectify the following errors and ascertain the amount of difference in trial balance by preparing
suspense account:

(a) Credit sales to Mohan Rs 7,000 were posted as Rs 9,000. (b) Credit purchases from Rohan Rs 9,000
were posted as Rs 6,000. (c) Goods returned to Rakesh Rs 4,000 were posted as Rs 5,000. (d) Goods
returned from Mahesh Rs 1,000 were posted as Rs 3,000. (e) Cash sales Rs 2,000 were posted as Rs
200.

Q10: Rectify the following errors:

(a) Credit sales to Mohan Rs 7,000 were posted to Karan. (b) Credit purchases from Rohan Rs 9,000
were posted to Gobind.(c) Goods returned to Rakesh Rs 4,000 were posted to Naresh. (d) Goods
returned from Mahesh Rs 1,000 were posted to Manish.(e) Cash sales Rs 2,000 were posted to
commission account.

Depreciation, provision & reserve

1. A machine is purchase for Rs. 2,00,000 on April 1, 2019. It is decided to charge depreciation on this
machine @ 10% p.a. The amounts of depreciation for first four years by using both the methods
(Straight line method and Diminishing balance method)

2. On January 1, 2017, a firm bought a machine for Rs. 90,000 and spend Rs. 6,000 on its installation
and Rs. 4,000 on its carriage. It is decided to charge depreciation @ 10% on straight @ 10% on straight
line method. Books are closed on December 31st each year. Show Machinery Account for the year
2017 to 2019.

3. On April 1, 2013 Ranu bought Machinery costing Rs. 80,000. On July 1,2015 Machinery was sold for
Rs. 40,000. Prepare Machinery Account from April, 1 2013 till July 1, 2015 assuming depreciation was
charged @10% per annum on March 31, every year on the basis of Original cost method.

4. Rajesh limited purchased a machine for Rs. 2,50,000 including installation cost on January 1, 2016.
On October 1, 2018, machine was sold for Rs. 1,50,000. Depreciation was provided @ 10% p.a. on
Fixed Installment method and accounts are closed on December 31, each year. Show the Machinery
Account and Provision for Depreciation Account for the year, 2016to 2018.
5. A Company purchased a machine for Rs. 40,000 on April 1, 2017. On October 1, 2018 it was sold for
Rs. 13,000. The company charges depreciation @ 10% p.a. on straight line method. Show Machinery
Account, Provision for Depreciation Account and Machinery Disposal account if books are closed on
March 31 each year.

6. On Oct. 1, 2012, karan Auto Limited Purchased Furniture for Rs. 1,00,000and spent Rs. 4,000
towards its installation. On July 1, 2016 the Furniture was disposed off Rs. 59,820 and on the same
day furniture costing Rs. 1,60,000 were purchased. Show the Furniture Account, Provision for
Depreciation Account and Furniture Disposal Account for the year 2015, 2016 and 2017 if the rate of
Depreciation is 15% per annum by Diminishing Balance method if accounts are closed on 31stmarch
of every year

7. The following balances appear in the books of Shyam on 01-01-2015Machinery A/c Rs. 8,00,000
Provision for Depreciation a/c Rs. 3,18,000.On 01-01-2015 they decided to sell a machine for Rs.
34,500. This machine was purchased for Rs. 1,20,000 on 01-01-2011. Show the machinery A/c,
Provision for Depreciation A/c for the year ended Dec 31,2015 assuming that depreciation was
charged at 10% p.a. on Written Down value method.

8. Ram ltd purchased on 1st January, 2016certain Machinery for Rs.5,82,000 and spent Rs. 18, 000 on
its erection. On 1st July, 2016, additional machinery costing Rs. 2,00,000 was purchased. On 1st
July,2018, the machinery purchased on 1st January, 2016 was auctioned for Rs. 2,86,000 and a fresh
machinery for Rs. 4,00,000 was purchased on same date. Depreciation was provided annually on 31st
December at the rate of 10% on written down value method. Prepare Machinery account from 2016
to 2018.

Ready Reference
Treatment for disposal of Asset :-