ACCOUNTANCY ASSIGNMENT - 4

BANK RECONCILIATION STATEMENT

CLASS XI

Q1. On 30th June, 2009, the Bank Column of Anil’s Cash Book showed a debit
balance of .8,250.Anil is also a social worker and helps an orphanage every
year. From the following particulars make out a Bank Reconciliation Statement
and identify the business value:
(i) Out of total cheques amounting to `.8,000 issued, cheques amounting
to ` 5,800 have been presented for payment upto 30th June 2009.
(ii) Out of total cheques amounting to ` 6,000 sent to bank for collection,
cheques of
` .4,100 were credited in Pass Book upto 30th June 2009.
(iii) On 28th June, 2009 a customer deposited ` 3,500 directly in the bank
account but it was entered only in the Pass Book.
(iv) Debit side of Anil’s Cash book has been overcast by ` 100.
(v) No entry has been made in the cash book for the rent of ` 800 paid by
bankers according to Anil’s standing instructions.
(vi) The pass book showed a credit of ` 320 for interest and the debit of `
40 for bank charges, but these have not been entered in the Cash
Book.

Q2. On December 31, 2010, the Cash Book of Mittal Bros. showed an
overdraft o` 6,920. From the following particulars make out a Bank
Reconciliation Statement and ascertain the balance as per pass book:

(i) Debited by bank for `.200 on account of interest on overdraft and `

500 on account of charges for collecting bills.

(ii) Cheques drawn but not cashed before December 31, 2010 for `
4,000.

(iii) The bank has collected interest and has credited ` 600 in the Pass
Book.

(iv) A Bills Receivable for ` 700 previously discounted with the bank had
been dishonoured and debited in the Pass Book only.

(v) Cheques paid into the bank but not collected and credited before
December 31, 2010 amounted to ` 6,000.
Q3. On 31st January, 2011 my Cash Book showed Bank Overdraft of ` 12,500.
On comparing it with the Cash Book, the following differences were noticed,
prepare a Bank Reconciliation Statement.

(i) Cash and cheques amounting to ` 1,340 were sent to Bank on 27 th

January but cheques worth ` 230 were credited on 2nd February and
one cheque for ` 45 was returned by them as dishonoured on 4 th
February 2011.

(ii) During the month of January, issued cheques worth `.1,670 to my

creditors. Out of these, Cheques worth ` 1,370 were presented for
payment on 5th February 2011.

(iii) According to my standing orders, the Bankers have paid during the
month of January the following:
(a) Life Insurance Premium ` 170
(b) Television License Fee ` 120
(c) Driving License Fee ` 22

(iv) My Bankers have collected ` 150 as dividends on the shares.

(v) My bankers have given me wrong credit for ` 150.

(vi) Interest charged by the bank ` 125.