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Bank Reconciliation Statement Test 23

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Bank Reconciliation Statement Test 23
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  • Question 1
    1 / -0
    From the following information calculate balance as pass book
     -Balance as per cash book (Dr.) $$1,900$$
     -Cash deposited in bank for Rs.$$100$$ entered in cash book as $$Rs.90$$
     -Transfer to saving bank account not entered in cash book $$Rs.1,500$$
     -Bank charges not recorded in cash book $$Rs.20$$
     -Standing order payment $$Rs.30$$
    Solution
    The reconciliation is as follows :
      Particulars Amount in Rs.
      Balance as per cash book (Dr.)$$1900$$ 
     AddCash deposited in bank ($$100 - 90$$)  $$10$$
     LessTransfer to saving bank account $$1500$$ 
     LessBank charges not recorded $$20$$ 
     LessStanding order payment $$30$$ 
      Balance as per pass book (Cr.)$$360$$ 
  • Question 2
    1 / -0
    Which of the following will not be considered while preparing an amended cash book?
    Solution
    An amended cash book is prepared by taking cash book balance as the starting point and then rectifying any entries that affect the cash balance.
    • Cheques issued but not presented for payment.
    • Cheques deposited but not credited by bank.
    • Any wrong entry in the pass book.
     All the above adjustments do not affect the cash balance rather they affect the bank balance as per pass book and cash book and so all of the above entries will not be considered while preparing an amended cash book.
  • Question 3
    1 / -0
    From the following information calculate balance as cash book

    Balance as per pass book (Cr.)

    Cash deposited in bank for Rs.$$100$$ entered in cash book as

    Transfer to saving bank account not entered in cash book

    Bank charges not recorded in cash book

    Standing order payment    		$$1,520$$

    $$72$$

    $$1,200$$

    $$16$$

    $$24$$
    Solution
    The reconciliation is as follows :
      ParticularsAmount in Rs 
      Balance as per pass book (Cr.) $$1520$$
     LessCash deposited in bank wrongly entered in cash book $$28$$ 
     AddTransfer to saving bank account not entered in cash book $$1200$$ 
     AddBank charges not recorded in cash book $$16$$ 
     AddStanding order payment not recorded $$24$$ 
      Balance as per cash book (Dr.)$$2732$$ 

  • Question 4
    1 / -0
    On $$31$$st March $$2012$$, bank balance as per pass book (Cr.) Rs.$$20,000$$. A comparison of pass book and cash book revealed the following:
     -Cheques deposited of Rs.$$20,000$$ , out of these cheques, bank had credited cheques of Rs.$$5,000$$.
     -Bank charges Rs.$$100$$ was not entered in cash book.
    Balance as per cash book will be ________.
    Solution
    The reconciliation is as follows :
      ParticularsAmount in Rs. 
     Bank balance as per pass book (Cr.) as on 31 st March 2012 $$20000$$ 
     AddCheque deposited but not credited  $$15000$$
     AddBank charges not entered in cash book $$100$$ 
      Balance as per cash book (Dr.) as on 31 st March 2012$$35100$$ 
  • Question 5
    1 / -0
    Bank balance as per cash book (Dr.) Rs.$$25,450$$. A comparison of pass book and cash book revealed the following:
     -The bank had directly collected dividend of Rs.$$400$$ and interest Rs.$$300$$.
     -As per standing instruction bank had paid bills of Rs.$$2,000$$.
    Balance as per pass book will be ___________.
    Solution
    The reconciliation statement is as follows :
      ParticularsAmount in Rs. 
      Bank balance as per cash book (Dr.)$$25450$$ 
     Add Dividend directly collected by bank$$400$$ 
     AddInterest directly collected by bank  $$300$$
     LessBills paid as per standing instruction  $$2000$$
      Balance as per pass book (Cr.) $$24150$$
  • Question 6
    1 / -0
    The balance shown by bank column of cash book was $$Rs. 48,000$$ on 31.1.18. A cheque issued worth $$Rs. 24,000$$ on 16th Jan. was not cleared till 31st Jan. Cheque worth $$Rs. 10,000$$ received on 20th Jan and deposited on 21st Jan. was cleared on 27-1-18. The balances as per pass book as on 31st January (assuming opening balance of pass book and cash book arc equal) is _____________.
    Solution
    The reconciliation statement is as follows:
      ParticularsAmount in Rs. 
      Balance as per bank column of cash book as on 31.01.18$$48000$$ 
     Add Cheque issued but not cleared $$24000$$ 
      Balance as per pass book $$72000$$ 
    No adjustment is required for cheque of $$Rs. 10000$$ as it has cleared in the month of January itself.
  • Question 7
    1 / -0
    The cash book showed an overdraft of Rs. 2000 as 'cash at bank', but the pass book made up to the same date showed that cheques for Rs. 150 and Rs. 125 respectively had not been presented for payment; and the cheque for Rs. 400 paid into account had not been cleared. The balance as per the pass book will be ___________.
    Solution
    Cash Book:
    Overdraft balance:                                       ($$Rs.2,000$$)
    Less: Cheques not presented for payment   ($$Rs.275$$)
    Add: Cheque not cleared:                                $$Rs.400$$
    Balance as per bank pass book:                ($$Rs.1,875$$)
  • Question 8
    1 / -0
    On $$31$$st March $$2012$$, bank balance as per cash book (Dr.) Rs.$$10,000$$. A comparison of pass book and cash book revealed the following -
     -Cheques deposited for Rs.$$10,000$$ out of these cheques bank credited cheques of Rs.$$2,500$$
     -Bank charges Rs.$$50$$ was not entered in cash books.
    Balance as per pass book will be ________.
    Solution
    The reconciliation statement is as follows :
     Particulars Amount in Rs. 
      Bank balance as per cash book (Dr.) as on 31 st March 2012$$10000$$ 
     LessCheques deposited but not cleared  $$7500$$ 
     LessBank charges not entered $$50$$ 
      Balance as per pass book (Cr.) as on 31 st March 2012 $$2450$$
  • Question 9
    1 / -0
    Bank balance as per pass book (Cr.) Rs.$$5,090$$. A comparison of passbook and cash book revealed the following -
     -The bank had directly collected dividend of Rs.$$80$$ and interest Rs.$$60$$.
     -As per standing instrcution bank had paid bills of Rs.$$400$$.
    Balance as per cash book will be ________.
    Solution
    The reconciliation is as follows :
      ParticularsAmount in Rs. 
     Bank balance as per pass book (Cr.) $$5090$$ 
     LessDividend collected directly $$80$$ 
     LessInterest collected directly $$60$$ 
     AddBills paid as per standing instruction $$400$$ 
      Balance as per cash book (Dr.)$$5350$$ 
  • Question 10
    1 / -0
    If the bookkeeper recorded a bank deposit of Rupees 450, but the bank recorded the deposit at its correct amount of Rupees 540. The bank reconciliation will require a/an _________.
    Solution
    Bank has recorded the deposit amount which was actually paid by the business to the bank i.e$$Rs.540$$.
    However the bookkeeper has recorded the same at an amount lower than what was actually paid i.e $$Rs.450$$.
    Hence, to make it correct an addition is required to be done for the differential amount= $$Rs.540$$-$$Rs.450$$= $$Rs.90$$ in the bank reconciliation statement.
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