TS Grewal Solutions for Class 11 Accountancy Chapter 9

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TS Grewal Solutions for Class 11 Accountancy Chapter 9 – Bank Reconciliation Statement

Question 1

Record Bank Reconciliation Statement for the following transaction.

(i) As per the cash book debit the balance ₹5,000

(ii) Deposited cheque but not credited ₹1,000

(iii) Issued cheque but not presented ₹1,500

(iv) Bank Interest ₹200

Solution 1

Bank Reconciliation Statement
Particulars (+) ₹ (-)₹
1. As per the cash book balance (Dr.)
2. Deposited cheque but not credited
3. Issued cheque but not presented
4. Bank Interest
    As per the bank passbook (cr.) (16,700-1,000
15,000
1,500
200
1,000
15,700
16,700 16,700

Question 2

Arrange Bank Reconciliation Statement for the mentioned transaction.

Cash available in the bank as shown in the cash book ₹75,000. Drawn cheque but not yet presented.

Salini Saha ₹2,000

Manohar ₹ 3,000

Deposited cheque in the bank but not yet credited ₹1,900. Bank charges not entered in the cash book yet ₹ 100

Solution 2

Bank Reconciliation Statement
Particulars (+) ₹ (-)₹
1. Cash available in the bank as per cash book
2. Cheque ₹2,000 and ₹3,000 drawn to Shalini and Manohar respectively but not yet presented
3. Deposited cheque in the bank but not yet credited
4. Bank charges not entered in the cash book yet
5. As per the pass book balance (80,000-20,000)
75,000
5,000
1,900
100
78,000
80,000 80,000

Question 3

Cash book recorded a balance of ₹15,000 as cash on March 31st, 2018. However, the passbook of the same date shows that cheque of ₹1,850, ₹1,000, ₹1,750 was not presented for payment. Also cheque, ₹4,100 was paid to the account but not yet cleared. Arrange Bank Reconciliation Statement as shown in the passbook.

Solution 3

Bank Reconciliation Statement as on March 31 st, 2018
Particulars (+) ₹ (-)₹
1. Recorded cash book balance
2. Issued cheque but not presented for payment (₹1,850, ₹1,000, ₹1,750)
3. Deposited cheque but not yet cleared
4. As per cash book balance (19,600- 4,100)
15,000
4,600
4,100
15,500
19,600 19,600

Question 4

At Union Bank of India, Mr. Lakshman opened his account. As per his cash book, his bank balance on 31st March 2018 was ₹72, 950. For the collection of ₹ 90,075, he sent a cheque to his bank, however, cheque amounting ₹43,769 was not collected by date. Out of the cheque issued by him in payment of his debts, a cheque for ₹ 29,344 was not presented for payment. Arrange Bank Reconciliation Statement as shown in the passbook.

Solution 4

Bank Reconciliation Statement as on March 31 st, 2018
Particulars (+) ₹ (-)₹
1. As per the cash book balance
    Sent a cheque to the bank but not cleared
72,950 43,769
2. Issued cheque but not yet presented for payment
    As per the passbook balance (1,02,294 – 43,769)
29,344 58,525
1,02,294 1,02,294

Question 5

Balance ₹12,500 is recorded on Cash Book. When compared passbook with cash book, the following transactions were noted.

(i) Issued cheque but not granted for payment ₹6,000

(ii) Deposited cheque but not collected ₹9,000

(iii) Paid bank insurance premium ₹5,000

(iv) Bank charges ₹ 300

(v) Deposited directly by the customer ₹8,000

(vi) investment Interest collected by the bank ₹2,000

(vii) Allowed cash discount ₹200 was recorded

In the debit on bank column.

Prepare Bank Reconciliation Statement from the above-mentioned transaction.

Solution 5

Bank Reconciliation Statement
Particulars (+) ₹ (-)₹
As per the cash book balance
Issued cheque but not yet presented for payment
Deposited a cheque to the bank but not cleared
Paid bank insurance premium
Bank charges
Deposited directly by the customer
investment Interest collected by the bank
Discount cash debited to bank column
As per the passbook balance (1,02,294 – 43,769)
12,500
6,000
8,000
2,000
9,000
5,000
300
200
14,000
28,500 28,500

Question 6

Prepare Bank Reconciliation Statement from the following transaction as on 31st December 2008.

(i) As per cash book debit balance ₹10,000

(ii) Issued ₹500 cheque in favor of Kiran but not presented for payment

(iii) ₹700 bill retired by the bank under a rebate of ₹20, the full amount credited to the cash book

(iv) Deposited a cheque of ₹295 deposited in the bank has been dishonored

(v) Deposited ₹800 in the bank was credited as ₹80 in the passbook

(vi) Payment side of the cash book was undercast by ₹200

(vii) On 31st December 2008, a bill of ₹1,000 (discounted with the bank in November 2008) was dishonored.

Solution 6

Bank Reconciliation Statement as on 31st December 2008
Particulars (+) ₹ (-)₹
As per the cash book balance
₹500 cheque issued to Kiran but not presented for payment
Retiring bill rebate was not recorded
Deposited a cheque was dishonored
Deposited ₹800 in the bank was credited as ₹80 in the passbook
Payment side of the cash book was undercast
Bill dishonor not been recorded in the cash book
As per passbook balance (10,520 – 2,215)
10,000
500
20
295
720
200
1,000
8,305
10,500 10,500

Question 7

Prepare Bank Reconciliation Statement from the following transaction as on 31st July 2017.

(i) As per cash book debit balance ₹50,000

(ii) Total three cheques of ₹3,937, ₹6,000, ₹1,525 issued in the last week of July were presented for the payment to the bank in August 2017

(iii) Two cheques ₹500 and ₹650 sent for collection were not entered in the passbook by 31st July 2017

(iv) Bank charged ₹460 as commission allowed interest ₹100 but not mentioned in the cash book, bank column.

Solution 7

Bank Reconciliation Statement as on 31st July 2008
Particulars (+) ₹ (-)₹
As per the cash book balance
Three cheques of ₹3,937, ₹6,000, ₹1,525 issued but not present on the July 2007
Retiring bill rebate was not recorded
Cheque sent to the bank but not entered in the passbook
Chargers of the bank not entered in the cashbook
Bank allowed interest
As per cashbook balance (51,610 – 11,562)
50,000
1,150
460
11,462
100
40,048
51,610 51,610

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