Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board chapter 8 - Bank Reconciliation Statement [Latest edition]

A bank reconciliation statement is prepared by ________.

A bank reconciliation statement is prepared with the help of ______.

Debit balance in the bank column of the cash book means ______.

A bank statement is a copy of ______.

A bank reconciliation statement is prepared to know the causes for the difference between:

When money is withdrawn from bank, the bank ______.

Which of the following is not the salient feature of bank reconciliation statement?

Balance as per cash book is ₹ 2, 000. Bank charge of ₹ 50 debited by the bank is not yet shown in the cash book. What is the bank statement balance now?

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?

Which one of the following is not a timing difference?

What is meant by bank overdraft?

What is bank reconciliation statement?

State any two causes of disagreement between the balance as per bank column of cash book and bank statement.

Give any two expenses which may be paid by the banker as per standing instruction.

Substitute the following statement with one word/phrase.

A copy of customer’s account issued by the bank

Substitute the following statement with one word/phrase.

Debit balance as per bank statement

Substitute the following statement with one word/phrase.

Statement showing the causes of disagreement between the balance as per cash book and balance as per bank statement

The bank reconciliation statement is prepared by the banker.

Adjusting the cash book before preparing the bank reconciliation statement is compulsory.

Credit balance as per bank statement is an overdraft.

Bank charges debited by the bank increases the balance as per bank statement.

Bank reconciliation statement is prepared to identify the causes of differences between balance as per bank column of the cash book and balance as per cash column of the cash book.

Give any three reasons for preparing bank reconciliation statement.

What is meant by the term “cheque not yet presented?”

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?

What will be the effect of interest charged by the bank, if the balance is an overdraft?

State the timing differences in BRS with examples.

From the following particulars prepare a bank reconciliation statement of Jayakumar as on 31st December, 2016.

1. Balance as per cash book ₹ 7,130
2. Cheque deposited but not cleared ₹ 1,000
3. A customer has deposited ₹ 800 into the bank directly.

From the following particulars of Kamakshi traders, prepare a bank reconciliation statement as on 31st March, 2018.

1. Debit balance as per cash book ₹ 10,500
2. Cheque deposited into bank amounting to ₹ 5,500 credited by bank, but entered twice in the cash book
3. Cheques issued and presented for payment amounting to ₹ 7,000 omitted in the cash book
4. Cheque book charges debited by the bank ₹ 200 not recorded in the cash book.
5. Cash of ₹ 1,000 deposited by a customer of the business in cash deposit machine not recorded in the cash book.

From the following information, prepare bank reconciliation statement to find out the bank statement balance as on 31st December, 2017.

From the following particulars of Raheem traders, prepare a bank reconciliation statement as on 31st March, 2018.

1. Overdraft as per cash book ₹ 2,500. On the same day the balance as per bank statement is ₹ 1,99,000.
2. Interest on debentures of ₹ 700 was received by the bank directly.
3. Amount received by bank through RTGS amounting to ₹ 2,00,000, omitted in the cash book.
4. Two cheques issued for ₹ 1,800 and ₹ 2,000 on 29th March 2018. Only the second cheque is presented for payment.
5. Insurance premium on car for ₹ 1,000 paid by the bank as per standing instruction not recorded in the cash book.

From the following information, prepare bank reconciliation statement as on 31st December, 2017 to find out the balance as per bank statement.

Prepare bank reconciliation statement from the following data and find out the balance as per cash book as on 31st March, 2018.

From the following particulars of Raja traders, prepare a bank reconciliation statement as on 31st January, 2018.

1. Balance as per bank statement ₹ 5,000
2. Cheques amounting to ₹ 800 had been recorded in the cash book as having been deposited into the bank on 25th January 2018, but were entered in the bank statement on 2nd February 2018.
3. Amount received by bank through NEFT amounting to ₹ 3,000, omitted in the cash book.
4. Two cheques issued for ₹ 3,000 and ₹ 2,000 on 29th March 2018. Only the first cheque is presented for payment.
5. Insurance premium on motor vehicles for ₹ 1,000 paid by the bank as per standing instruction not recorded in the cash book.
6. Credit side of cash book was undercast by ₹ 700
7. Subsidy received directly by the bank from the state government amounting to ₹ 10,000, not entered in cash book.

From the following particulars of Simon traders, prepare a bank reconciliation statement as on 31st March, 2018.

1. Debit balance as per bank statement ₹ 2,500
2. Cheques deposited amounting to ₹ 10,000, not yet credited by bank.
3. Payment through net banking for ₹ 2,000, omitted in the cash book

From the following particulars, ascertain the cash book balance as on 31st December, 2016.

1. Overdraft balance as per bank statement ₹ 1,26,640
2. Interest on overdraft entered in the bank statement, but not yet recorded in cash book ₹ 3,200
3. Bank charges entered in bank statement, but not found in cash book ₹ 600
4. Cheques issued, but not yet presented for payment ₹ 23,360
5. Cheques deposited into the bank but not yet credited ₹ 43,400
6. Interest on investment collected by the bank ₹ 24,000

Prepare bank reconciliation statement as on 31st March, 2017 from the following extracts of cash book and bank statement.