Question

Question 36.
From the following particulars, ascertain the bank balance as per Pass Book as on 31st March, 2018 (a) without correcting the Cash Book balance and (b) after correcting the Cash Book balance:
(i) The bank balance as per Cash Book on 31st March, 2018 ₹ 40,000.
(ii) Cheques issued but not encaashed up to 31st March, 2018 amounted to ₹ 10,000.
(iii) Cheques paid into the bank, but not cleared up to 31st March, 2018 amounted to ₹ 15,000.
(iv) Interest on investments collected by the bank but not entered in the Cash Book ₹ 500.
(v) Cheques deposited in the bank but not entered in the Cash Book ₹ 12,500.
(vi) Bank charges debited in the Pass Book but not entered in the Cash Book ₹ 100.

Answer 1

The total cash book balance will be 63,000

The entries in the bank reconciliation statement will be -

Debit side entries -

(i) The bank balance as per Cash Book Rs. 40,000.

(ii) Cheques issued but not encashed Rs. 10,000.

(v) Cheques deposited in the bank but not entered Rs. 12,500.

(iv) Interest on investments collected by the bank but not entered Rs. 500.

Total of debit side = 63,000

Credit Side entries -

(iii) Cheques paid into the bank, but not cleared Rs. 15,000.

(vi) Bank charges debited in the Pass Book Rs. 100

Balance as per pass book - ( 63,000 - 15,100) = 47,900

Total of the credit side = 63,000