12/19/23, 7:39 PM CA_DPP 5

CA

Sampurna June 2024

Accounting DPP: 5

Bank Reconciliation Statement

Q1 From the following information, ascertain the Insurance premium paid by bank
Cash Book balance of Mr. Bajaj as on 31st as per standing instruction not 7,950
March, 2021: intimated

1. Debit balance as per Bank Pass Book Cash sales wrongly recorded in
Rs.3, 500 . the bank column of the Cash- 12,750
2. A cheque amounting to Rs.2, 500 deposited book
on 15th March, but the same was returned by Customer's cheque dishonoured
the Bank on 24th March for which no entry by bank not recorded in Cash- 6,500
was passed in the Cash Book. book
3. During March, two bills amounting to Wrong Credit given by bank 7,500
Rs.2, 500 and Rs.500 were collected by the Also show the bank balances that will
Bank but no entry was made in the Cash appear in the Trial Balance as on 31.3.2023
Book.
4. A bill for Rs.5, 000 due from Mr. Balaji Q3 On 30th September, 2023, the bank account of

previously discounted for Rs.4, 800 was Rohit , according to the bank column of the

dishonored. The Bank debited the account, cash book, was overdrawn to the extent of

but no entry was passed in the Cash Book. ₹16,124. An examination of the Cash book and

5. A Cheque for Rs.1, 500 was debited twice in Bank Statement reveals the following:

the cash book. A cheque for ₹22,28,000 deposited on 29th

September, 2023 was credited by the bank

Q2 From the following information (as on 31.3.2023), only on 3rd October, 2023.

prepare a Bank Reconciliation Statement after A payment by cheque for ₹36,000 has been

making necessary amendments in the Cash- entered twice in the Cash book.

book. On 29th September, 2023, the bank credited

Particulars
Bank balance as per Cash Book
(Dr.)
Cheques deposited, but not yet
credited
Cheques issued but, not yet
presented for payment
Bank charges debited by Bank
but not recorded in Cash-book
Dividend directly collected by
bank
an amount of ₹2,30,800 received from a
Amount (Rs.)
customer of Rohit , but the advice was not
1,62,500 received by Rohit until 1st October, 2023.
Bank charges amounting to ₹560 had not
2,23,750 been entered in the cash book
On 6th September, 2023, the bank credited ₹
60,000 to Rohit in error.
1,78,100
A bill of exchange for ₹ 3,20,000 was
discounted by Rohit with his bar. The bill was
625
dishonoured on 28th September, 2023 but no
entry has been made in the books of Rohit.
6,250
Cheques issued upto 30th September, 2023
but not presented for payment upto that

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12/19/23, 7:39 PM CA_DPP 5

CA

date totalled ₹26,92,000. brought forward as credit balance in the

A bill payable of ₹4,00,000 had been paid by
the bank but was not enter in the cash book
and bill receivable for ₹1,20,000 had been
discount, with the bank at a cost of ₹2,000
which had also not been recorded cash
book.
You are required:
To show the appropriate rectifications required
in the cash book of Rohit , arrive at the correct
balance on 30th September, 2023 and to
prepare a Bar Reconciliation Statement as on
that date.
Q4 The cash book of Mr.Ravi shows ₹1,04,160 as the
balance of bank as on 31st December, 2023 but
you find that it does not agree with the balance
as per the bank passbook. On analysis, you
found the following discrepancies:
On 15th December, 2023 the payment, side
of the cash book was overcast by ₹ 4,000.
A Cheque for ₹47,200 issued
December, 2023 was not taken in the bank
Column.
On 20th December, 2023 the debit balance
of ₹3,384 as on the previous day, was
cash book.
Of the total cheques amounting to ₹ 4,948
drawn in the last week of December, 2023,
cheques aggregating ₹3,744 were encashed
in December, 2021.
Dividends of ₹ 14,000 collected by the bank
and fire insurance premium of ₹3,160 paid by
the bank were not recorded in the cash
book.
A Cheque issued to a creditor of ₹70,000
was recorded twice in the cash book.
Bill for collection amounting to ₹21,200
credited by the bank on 21st December, 2023
but no advice was received by Mr. Karan till
31st December, 2023.
A Customer, who received a cash discount of
3% on his account of ₹24,000 paid a cheque
on 10th December, 2023 . The cashier
erroneously entered the gross amount in the
bank column of the cash book.
on 6th
You are required to prepare the bank
reconciliation statement as on 31st December,
2023.

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12/19/23, 7:39 PM CA_DPP 5

CA

Answer Key
Q1 Plus Minus final
Particulars balance)
(Rs.) (Rs.)
Overdraft as per Pass Book 1,68,750 1,68,750
3,500
(Debit)
Cheques deposited but Bank Reconciliation
2,500
returned on 24th March,2021 Statement as on 31 st March, 2023
Discounted bill from Mr. Plus Minus
5,000 Particulars
Balaji dishonored (Rs.) (Rs.)
Wrong debit in Cash book 1,500 Balance as per Cash
1,40,925
Bill collected by bank not Book (Dr.)
recorded in cash book (2,500 3,000 Cheques issued but not
1,78,100
+ 500) yet paid by Bank
Overdraft Balance as per Wrong Credit given by
2,500 7,500
Cash book Bank
9,000 9,000 Cheques deposited by
2,23,750
not yet realised by bank
Q2 Cash Book as on
Balance as per Pass
31.3.2023 (Bank Column) 1,02,775
book (Cr.)
(after making
3,26,525 3,26,525
necessary amendments)
Amount Amount Q3 Adjusted Cash
Particulars Particulars
( Rs. ) ( Rs. ) Book (Bank Column only)
To Amount Amount (
By Bank Particulars Particulars
Balance 1,62,500 625 ( Rs. ) Rs. )
charges a/c
b/d To
To Amount
Dividend By Insurance wrongly 36,000 By Bal. b/d 16,124
6,250 7,950
income premium a/c entered
a/c twice
By Cash To
Sales Customer By Bank
2,30,800 560
(wrongly 12,750 (Direct charges
recorded) Deposit)
a/c To Bills
By Customer
By Debtors receivable
1,18,000 (B/R 3,20,000
(cheque (1,20,000-
6,500 dishonoured)
dishonoured) 2,000)
a/c By Bills
To Bal c/d 3,51,884 4,00,000
By Balance 1,40,925 payable
c/d 7,36,684 7,36,684
(corrected/

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12/19/23, 7:39 PM CA_DPP 5

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Bank Payment side of Cash

4,000
Reconciliation Statement book overcasted
as on 30th Debit balance of Cash
September, 2023 Book wrongly brought
6,768
Minus forward as credit
Particulars Plus (Rs.)
(Rs.) balance [₹3,384 × 2]
Overdraft as per Cheque drawn but not
adjusted cash book 3,51,884 encashed (₹4,948 - 1,204
(Cr.) ₹3,744)
Amount wrongly Dividend collected by
60,000 14,000
credited by bank Bank
Cheque issued but Cheque issued to
not presented for 26,92,000 creditor recorded twice 70,000
payment in the Cash Book
Cheque deposited Bill for collection
but not credited by 22,28,000 credited by Bank but not 21,200
bank recorded in Cash Book
Balance as per Pass Cheque issued but not
1,72,116 recorded in Bank 47,200
book (Cr.)
column of Cash Book
27,52,000 27,52,000
Insurance Premium paid
Q4 Bank 3,160
by Bank
Reconciliation Statement as on 31st Dec., 2023 Discount to customer
Plus Minus 720
erroneously recorded
Particulars
(Rs.) (Rs.) Cr. balance as per Cash
Dr. balance as per Cash 1,70,252
1,04,160 Book
Book
2,21,332 2,21,332

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