DUE DATE: 26th January 2016

MARKS: 03+03+04=10

TOPIC TO BE TESTED:

Bank reconciliation statement

LEARNING OBJECTIVES:

To understand and apply the causes of disagreement between cash book and bank statement in reconciliation process

QUESTIONS


Q-1

The debit balance of bank statement as on 31st December 2014 was Rs. 10,000. Cheques of Rs. 3,000 sent to customers had been entered in depositor’s cash book but did not appear in bank statements on 31st December 2014.

Required: Calculate the balance as per cash book on 31st December 2014.



Q-2

The favorable balance of bank statement as on 31st December 2014 was Rs. 12,000. Cheques of Rs. 4,000 paid into the bank had been entered in depositor’s cash book but did not appear in bank statements on 31st December 2014.

Required: Calculate the balance as per cash book on 31st December 2014.
Exam Results Assignments Balances 24 Hour Schedule Submission
Q-3

Balance as per cash book of a merchant as on 31st December 2014 was Rs. 20,000. Following causes of disagreement was discovered on receipt of bank statement.

A cheque of Rs. 500 issued but not yet presented for payment

A cheque of Rs. 545 sent to a customer has been recorded in cash book as Rs. 445.

Required: Calculate the balance as per bank statement on 31st December 2014.





IMPORTANT:

Grace period of extra 24 hours after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

IMPORTANT INSTRUCTIONS

Take help from internet for collecting the information.

Carefully watch relevant lectures and consult the relevant material from handouts along with recommended books.

Attempt the assignment by yourself and it will be entertained positively.

OTHER IMPORTANT INSTRUCTIONS:

DEADLINE:

Make sure to upload the solution file before the due date on VULMS.

Any submission made via email after the due date will not be accepted.

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Use the font style “Times New Roman” or “Arial” and font size “12”.

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You may also compose your assignment in Open Office format.
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RULES FOR MARKING

Please note that your assignment will not be graded or graded as Zero (0), if:

It is submitted after the due date.

The file you uploaded does not open or is corrupt.

It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.

It is cheated or copied from other students, internet, books, journals etc.

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