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BRS Test For CA. Foundation
1
1. The Cash Book of Mr Avinash shows Rs. 8,364 as the balance at bank as on 31" March, but you find that
this does not agree with the balance as per the Bank Pass Book. On scrutiny, you find the following
discrepancies.
(a) On 15 March, the payments side of the Cash Book was undercast by Rs. 100.
(b) A cheque for Rs. 131 issued on 25 March, was recorded in the Cash column.
(c) One deposit of Rs. 150 was recorded in the Cash Book as if there is not Bank Column therein.
(d) On 18th March, the debit balance of Rs. 1,526 as on the previous day, was brought forward as a credit
balance,
(e) Of the total cheques amounting to Rs. 11,514 drawn in the last week of March, cheques aggregating
Rs. 7.815 were encashed in March
(1) Dividends of Rs. 250 collected by the Bank and subscription of Rs. 100 paid by it, were not recorded in
the Cash Book.
(g) One outgoing cheque of Rs. 350 was recorded twice in the Cash Book.
Required :- Prepare a Bank Reconciliation Statement as on 31" March
Solve it if u can!
Answers
Answer:
(a) Without adjustment in cash Book :
Bank Reconciliation Statement
as on 31st December
Bank Balance as per Cash Book
Add : Cheques issued not cashed
Add : Interest on Investments collected by the Bank but not entered
in the cash Book
Add : Cheques paid in but not entered in Cash Book Rs.
1,750
275
300
Rs.
11,500
(+) 2,325
Less : Cheques paid in but not cleared
Less : Bank charges not entered in Cash Book
2,150
25 13,825
(-) 2,175
Bank Balance as per Pass Book 11,650
(b) With adjustment in Cash Book :
If the balance at Bank, as per the Cash
Book adjusted, it will be Rs.12,050, thus :
Dr. Cash Book (Bank Col.) Cr.
Dec. 31
Dec. 31
Dec. 31
To Balance b/d
To Interest on Investment
To cheques omitted Rs.
11,500
275
300
Dec. 31
Dec. 31
By Bank charges
By Balance c/d Rs.
25
12,050
12,075 12,075
BANK RECONCILIATION STATEMENT will then appear as follows :
Bank Reconciliation Statement
as on 31st December
Bank balance as per Cash Book
Add : Cheques issued but not presented Rs.
1,750 Rs.
12,050
(+) 1,750
Less : Cheques paid in but not collected
2,150 13,800
(-) 2,150
Bank Balance as per Pass Book 11,650
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