AccountancyNEB 2076 (old course)
On reconciliation of Pass Book and Cash Book the following facts are located: i) Balance as per Cash Book Rs.80,000. ii) Cheque issued but not presented for payment Rs.8,000. iii) Cheque of…
5On reconciliation of Pass Book and Cash Book the following facts are located: i) Balance as per Cash Book Rs.80,000. ii) Cheque issued but not presented for payment Rs.8,000. iii) Cheque of Rs.10,000 were sent to Bank for collection but cheque of Rs.6,000 only were credited in Pass Book. iv) Interest collected by Bank of Rs.1,000 was not recorded in Cash Book. v) Bank charged commission of Rs.100 debited in Pass Book only. vi) A cheque of Rs.10,000 has been deposited by a debtor but not recorded in Cash Book. Required: Bank reconciliation statement
Answer
Bank Reconciliation Statement
| Particulars | Amount (Rs.) |
|---|---|
| Balance as per Cash Book | 80,000 |
| Add: | |
| 1. Cheque sent for collection but not credited in Pass Book (Rs. 10,000 - Rs. 6,000) | 4,000 |
| 2. Cheque deposited by debtor but not recorded in Cash Book | 10,000 |
| 3. Interest collected by Bank but not recorded in Cash Book | 1,000 |
| Total | 95,000 |
| Less: | |
| 1. Cheque issued but not presented for payment | 8,000 |
| 2. Bank commission debited in Pass Book but not recorded in Cash Book | 100 |
| Balance as per Pass Book | 86,900 |
Working Notes:
Cheque sent for collection but not credited in Pass Book:
- Total cheques sent for collection: Rs. 10,000
- Amount credited in Pass Book: Rs. 6,000
- Difference: Rs. 10,000 - Rs. 6,000 = Rs. 4,000 (to be added to Cash Book balance)
Cheque deposited but not recorded in Cash Book:
- Amount deposited by debtor: Rs. 10,000 (to be added to Cash Book balance)
Interest collected by Bank but not recorded in Cash Book:
- Amount: Rs. 1,000 (to be added to Cash Book balance)
Cheque issued but not presented for payment:
- Amount: Rs. 8,000 (to be deducted from Cash Book balance)
Bank commission debited in Pass Book but not recorded in Cash Book:
- Amount: Rs. 100 (to be deducted from Cash Book balance)
Final Balance as per Pass Book: Rs. 80,000 (Cash Book) + Rs. 15,000 (Additions) - Rs. 8,100 (Deductions) = Rs. 86,900
Discussion
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