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Question
Balance as per bank statement is ₹ 1, 000. Cheque deposited, but not yet credited by the bank is ₹ 2, 000. What is the balance as per bank column of the cash book?
Options
₹ 3,000 overdraft
₹ 3,000 favourable
₹ 1,000 overdraft
₹ 1,000 favourable
Solution
₹ 3,000 favourable
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Answer in one sentence:
Who prepares a bank Pass Book?
Select the most appropriate alternative from those given and rewrite the following statement:
Bank Reconciliation Statement is prepared by _________.
A bank reconciliation statement is prepared to know the causes for the difference between:
Explain why does money deposited into bank appear on the debit side of the cash book, but on the credit side of the bank statement?
Correct and rewrite the following statement:
Bank Reconciliation Statement is prepared by Bank.
On 31st August 2018 bank passbook of Mr. Ravi showed a credit balance of ₹ 33,600, but Cash Book showed a different balance. On comparing the two books following differences were noticed:
- Cheques paid into the bank but not credited before 31st Aug 2018 amounted to ₹ 24,500.
- Direct deposit by the customer through NEFT ₹ 33,000 recorded in the passbook only.
- Cheques issued on 28th Aug 2018 were presented for payment on 5th Sep. 2018 amounted to ₹ 38,800.
- A bill receivable for ₹ 15,000 discounted with the bank was dishonored on 30th Aug 2018. Intimation of the same was received only on 3rd Sep 2018.
- Passbook credit side was overcast ₹ 2,000.
- Bank debited ₹ 400 for bank charges in the passbook, which was not recorded in Cash Book.
Prepare Bank Reconciliation Statement as of 31st August 2018.
From the following particulars prepare the Bank Reconciliation Statement as on 30th June 2019.
1. Credit balance as per Pass Book ₹ 20,000.
2. A cheque for ₹ 3,500 was issued and paid by bank, recorded in the Pass Book as ₹ 5,300.
3. cheque deposited ₹ 9,700 collected by the bank was not recorded in Cash Book.
4. The payment side of Cash Book was undercast by ₹ 100. 5. The electricity bill paid by the bank ₹ 6,200 was recorded twice in the Pass Book.
From the following particulars prepare the Bank Reconciliation Statement as on 30th June 2019.
- Credit balance as per Pass Book ₹ 20,000.
- A cheque for ₹ 3,500 was issued and paid by the bank, recorded in the Pass Book as ₹ 5,300.
- Cheque deposited ₹ 9,700 collected by the bank was not recorded in the Cash Book.
- The payment side of Cash Book was undercast by ₹ 100.
- The electricity bill paid by the bank ₹ 6,200 was recorded twice in the Pass Book.
From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.
- Credit balance as per Pass Book ₹ 20,000.
- A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
- Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
- Payment side of Cash Book was undercast by ₹ 100.
- Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.
From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.
- Credit balance as per Pass Book ₹ 20,000.
- A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
- Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
- Payment side of Cash Book was undercast by ₹ 100.
- Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.
