Bank balance as at June 30, 2015 is $105,000. Compute the book balance based on the details given a)Cheque issued, but dishonored by the bank $20,500 b)Bank charges not accounted in cash book $500 c)Unknown customer receipt deposited directly into bank $7500. What is the balance as per cash book??
Answers
Answer:
11th
Accountancy
Bank Reconciliation Statement
Preparation of Bank Reconciliation Statement from Adjusted Cash Book
Bank column of the cash boo...
ACCOUNTANCY
Bank column of the cash book showed a debit balance of Rs. 49,000 on 30th June, 2017. Bank Statement or Pass Book showed a credited balance of Rs. 37,400. Entries in the Cash Book and Pass book were compared and gthe following difference were noticed:
(i) Cheques of Shyam Rs. 9,000 and of Mohan Rs. 15,000 were deposited but were not collected up to 30th June, 2017.
(ii) Ramesh, a debtor, deposited a cheque of Rs. 8,000 directly into the bank.
(iii) Bank allowed an interest of Rs. 500.
(iv) Cheque for Rs. 10,000 issued to Ramesh was not presented for payment.
(v) Bank debited the account by Rs. 6,000, being insurance premium paid as per standing instructions.
(vi) Bank debited the account by Rs. 100, being bank charges.
You are required to prepare a Bank Reconciliation Statement as on 30th June, 2017.
December 26, 2019avatar
Karina Issar
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Bank Reconciliation Statement as on 30th June 2017
Particulars Amount
Details (Rs.) Amount
(Rs.)
Balance as per Cash Book (Dr.)
Add: Cheque directly deposited by Ramesh, not recorded in Cash Book
Interest allowed by bank, not recorded in Cash Book
Cheque issued but not yrt presented for payment (Ramesh)
Less: Cheque deposited but not yet collected:
Shyam 9,000
Mohan 15,000
Insurance Premium paid by the bank, not recorded in Cash Book
Bank charges debited not recorded in Cash Book
Balance as per pass book (Cr.)
8,000
500
10,000
24,000
6,000
100 49,000
18,500
67,500
30,100
37,400
Answer:
The balance as per cash book is $.
Explanation:
Given bank account balance is $.
a. Cheque issued but rejected by the bank
Which means the amount of the cheque issued was already recorded in the cash book but not in the bank, thus the bank's balance would be in excess of that amount, and we would have to lower it by that amount.
b. Bank fees are not recorded in the cash book which are $.
It is only recorded in the bank book, not the cash book, thus the bank balance must be added to get the cash book balance.
c. Unknown client receipt was not recorded in the cash book, thus the bank balance would be higher, so subtract that amount.
$
- $
+ $
- $
$
Thus, the balance as per cash book is $.
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