on 28th February, 2017, the bank pass book of Mr Bill who was allowed an overdraft facility showed a balance of 720 in his favour. On comparing the same with his cash book. he finds that:
(i)A cheque for rs.250 sent to Mr Brown and presented by him had been entered in the cash column of the cash book.
(ii) Bank charges and interest of rs.170 debited on 28th February 2017 were not entered in the cash book at all.
(iii) The bank debited Mr. Bill's account with a cheque for rs. 110 received from Mr. Dabiel which had been returned dishonoured. The fact of dishonour was not shown in the cash book.
(iv) The bank column on the receipt side of the cash book was not found to be undercast by rs.100
(v)Unpresented cheques amounted to rs.2,320.
(vi)A wrong debit entry in the pass book was made for 600.
(Find out the balance as per Cash Book on 28th February, 2017)
Answers
Answer:
Bank Reconciliation Statement of Mr. Murli
as on 31st December, 2010
S.NParticularsAmt.(+)Amt.(-)
i
ii
iii
iv
v
vi
viiOverdraft as per Pass Book
Bank charges debited as per pass book
Cheque entered but could not sent to the bank for collection
Payment received directly by customer
Cheque issued but not presented for payment
Interest credited by the bank
LIC paid by bank
Cheque deposited with bank but not collected by bank
Overdraft as per Cash Book
500
2,500
2,500
3,500
22,680
31,68020,000
4,600
6,980
100
31,680
Explanation:
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Answer: Rs.2,510 is the balance as per Cash Book on 28th February 2017
Explanation:
Now here, from the given question
1) A cheque for rs.250 sent to Mr. Brown and presented by him had been entered in the cash column of the cash book.
i.e rs.250 is debited or sent from Mr. Bill's account,
2) Bank charges and interest of rs.170 debited on 28th February 2017 were not entered in the cash book at all.
i.e rs.170 is debited but its entry is not available in the passbook, still, it is debited, Therefore we have to consider it,
(3) The bank debited Mr. Bill's account with a cheque for rs. 110 received from Mr. Dabiel which had been returned dishonored. The fact of dishonor was not shown in the cash book.
Now, Here the same condition happens as it happened in the 2) case.
Therefore) we have to consider the Rs.110 which is debited.
(iv) The bank column on the receipt side of the cash book was not found to be undercast by rs.100,
Here 100 is dissolved from the bank side, which comes in a debit option.
(v) Unpresented cheques amounted to rs.2,320.
Here Rs.2,320 is credited to the account
(vi)A wrong debit entry in the passbook was made for 600.
Here a false entry of Rs.600 has been done by the bank, therefore, it comes under the credit system of the bank.
Therefore from the above, in all cases, the debited amount and Credited amount are the Balance as per the cash book on 28th February 2017,
Balance Amount = (sum of Credit amount) - (sum of debit amount)
= (2,320 + 600 + 110) - (100 - 170 - 250)
= Rs.2,510
Rs.2,510 is the balance as per Cash Book on 28th February 2017
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