Ans 1
balance as bank: (10,000)
less: unclear cheques: (3,000)
balance as cash book: (13,000)
Ans 2
Bank : 12000
less: unclear cheques: (4000)
cash : 8000
Ans 3
cash : 20000
Add: unpresented cheques :500
less : error 100
bank : 20400
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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:
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Ans 1
balance as bank: (10,000)
less: unclear cheques: (3,000)
balance as cash book: (13,000)
Ans 2
Bank : 12000
less: unclear cheques: (4000)
cash : 8000
Ans 3
cash : 20000
Add: unpresented cheques :500
less : error 100
bank : 20400
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