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Bank Reconciliation Statement Test - 31

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Bank Reconciliation Statement Test - 31
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Weekly Quiz Competition
  • Question 1
    1 / -0
    The credit balance of Rs 1,000 in the bank column of the cash book was carried forward as its debit balance. When overdraft as per pass book is the starting point, _____________.
  • Question 2
    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 3
    1 / -0
    Debit balance as per Cash Book is Rs 2,000, cheques deposited but not cleared amounts to Rs 100 and Cheques issued but not presented of Rs 150. The bank allowed interest amounting to Rs 50 and collected dividend Rs 50. Balance as per pass book should be ____________.
    Solution
     Particulars + -
     Debit balance as per cash book2000  
     Cheque deposited but not cleared  100
     Cheques issued but not presented 150 
     Interest allowed by bank 50 
     Dividend collected by the bank  50 
     Balance as per Pass Book 2150 
  • Question 4
    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 5
    1 / -0
    When the overdraft as per cash book is the starting point, a cheque for Rs 500 deposited into bank but not recorded in cash book will be _________.
    Solution
    Cheque deposited but not recorded in cash book will increase the balance in the passbook. So, while preparing bank reconciliation statement and taking overdraft balance as per cash book as the starting point, a cheque for Rs. 500 deposited into bank but not recorded in the cash book will be deducted from the overdraft cash book balance to arrive at the increased passbook balance in order to reconcile the two balances.
  • Question 6
    1 / -0
    Bank balance as per cash book (Dr.) Rs.$$10,000$$. A comparison of pass book and cash book revealed the following -
     -Rs.$$590$$ was wrongly debited by bank
     -Transfer by bank to another account with no advice Rs.$$2,500$$.
    Balance as per pass book will be __________.
    Solution
    The reconciliation statement is as follows :
      ParticularsAmount in Rs. 
      Bank balance as per cash book (Dr.)$$10000$$ 
     Less Bank charges wrongly debited $$590$$ 
     LessBank transfer to another account without any advice  $$2500$$
      Balance as per pass book (Cr.)$$6910$$ 
  • Question 7
    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 8
    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 9
    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 10
    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.)$$2732$$ 

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