My Cart
Your Cart 0

    Your cart is empty.

  • Total (Amount) ₹0.00
NCERT · Class 11 · Accountancy

Chapter 5: Bank Reconciliation statement

Practice each question, then open the answer or worked solution.

Read chapter PDFDownload PDF

Numerical Questions for NCERT Accountancy Solutions Class 11 Chapter 5

18 questions
Q1Written answer

From the following particulars, prepare a bank reconciliation statement as of March 31, 2017.

(i) Balance as per cash book ₹ 3,200

(ii) Cheque issued but not presented for payment ₹ 1,800

(iii) Cheque deposited but not collected up to March 31, 2017 ₹ 2,000

(iv) Bank charges debited by bank ₹ 150

Show solutionHide solution
Worked solution

The reconciliation statement is shown below:

Bank Reconciliation Statement,  as on March 31, 2017
S. No. Particulars (+)

Amount

₹

 (–)

Amount

₹
Balance as per the Cash Book 3,200
(i) Cheque issued but not presented for payment 1,800
(ii) Cheque deposited but not cleared 2,000
(iii) Bank charges 150
Balance as per the Pass Book  2,850
5,000 5,000

We see that the balance as per the passbook on 31st March is ₹2, 850.

Q2Written answer

On March 31, 2017, the cash book showed a balance of ₹ 3,700 as cash at the bank, but the bank passbook made up to the same date showed that cheques for ₹ 700, ₹ 300 and ₹ 180, respectively, had not been presented for payment. Also, a cheque amounting to ₹ 1,200 deposited into the account had not been credited. Prepare a bank reconciliation statement.

Show solutionHide solution
Worked solution

The reconciliation statement is shown below:

Bank Reconciliation Statement, as on March 31, 2017
S. No. Particulars (+)

Amount

₹

 (-)

Amount

₹
Balance as per the Cash Book 3,700
(i) Three cheques issued but not presented for payment 1,180
(ii) Cheque deposited but not cleared 1,200
Balance as per the Pass Book 3,680
4,880 4,880

The balance as per the passbook as on 31st March is ₹3, 680.

Q3Written answer

The cash book shows a bank balance of ₹ 7,800. On comparing the cash book with passbook the following discrepancies were noted:

(a) Cheque deposited in bank but not credited ₹ 3,000

(b) Cheque issued but not yet present for payment ₹ 1,500

(c) Insurance premium paid by the bank ₹ 2,000

(d) Bank interest credit by the bank ₹ 400

(e) Bank charges ₹ 100

(d) Directly deposited by a customer ₹ 4,000

Show solutionHide solution
Worked solution

The bank reconciliation statement is shown below:

Bank Reconciliation Statement
S. No. Particulars (+)

Amount

₹

 (–)

Amount

₹
Balance as per the Cash Book 7,800
(a) Cheque deposited but not credited in the Pass Book 3,000
(b) Cheque issued but not yet presented for payment 1,500
(c) Insurance premium paid by bank 2,000
(d) Bank allowed interest 400
(e) Bank debited charges 100
(f) Amount directly deposited by customer 4,000
Balance as per the Pass Book 8,600
13,700 13,700

 

The balance, as per the passbook is ₹8, 600

Q4Written answer

Bank balance of ₹ 40,000 showed by the cash book of Atul on December 31, 2016. It was found that three cheques of ₹ 2,000, ₹ 5,000 and ₹ 8,000 deposited during the month of December were not credited in the passbook till January 02, 2017. Two cheques of ₹ 7,000 and ₹ 8,000 issued on December 28, were not presented for payment till January 03, 2017. In addition to it bank had credited Atul for ₹ 325 as interest and had debited him with ₹ 50 as bank charges for which there were no corresponding entries in the cash book.

Prepare a bank reconciliation statement as on December 31, 2016.

Show solutionHide solution
Worked solution

The bank reconciliation statement is shown below:

Bank Reconciliation Statement of Atul as on  December 31, 2016
S. No. Particulars (+)

Amount

₹

 (–)

Amount

₹
Balance as per the Cash Book 40,000
(i) Cheques deposited but not cleared in December 15,000
(ii) Cheque issued but presented for payment for payment 15,000
(iii) Bank allowed interest 325
(iv) Bank debited charges 50
Balance as per the Pass Book 40,275
55,325 55,325

The balance as per passbook is ₹ 40,275

Q5Written answer

On comparing the cash book with the passbook of Naman, it is found that on March 31, 2017, bank balance of ₹ 40,960 showed by the cash book differs from the bank balance with regard to the following:

(a) Bank charges ₹ 100 on March 31, 2017, are not entered in the cash book.

(b) On March 21, 2017, a debtor paid ₹ 2,000 into the company’s bank in settlement of his account, but no entry was made in the cash book of the company in respect of this.

(c) Cheques totaling ₹ 12,980 were issued by the company and duly recorded in the cash book before March 31, 2017, but had not been presented at the bank for payment until after that date.

(d) A bill for ₹ 6,900 discounted with the bank is entered in the cash book with recording the discount charge of ₹ 800.

(e) ₹ 3,520 is entered in the cash book as paid into bank on March 31st, 2017, but not credited by the bank until the following day.

(f) No entry has been made in the cash book to record the dishonour or on March 15, 2017 of a cheque for ₹ 650 received from Bhanu.

Prepare a reconciliation statement as on March 31, 2017.

Show solutionHide solution
Worked solution

The reconciliation statement is shown below:

Bank Reconciliation Statement of Naman as on March 31, 2017
S. No. Particulars (+)

Amount

₹

 (-)

Amount

₹
Balance as per the Cash Book 40,960
(a) Bank debited charges 100
(b) Amount directly paid by debtor into bank account 2,000
(c) Cheques issued but not presented for payment 12,980
(d) Discount charges of bill was omitted to be recorded in the Cash Book 800
(e) Amount debited in bank column of the Cash Book but not deposited in bank 3,520
(f) Cheque dishonoured not recorded in the Cash Book 650
Balance as per the Pass Book 50,870
55,940 55,940

The balance, as per the passbook is ₹50, 870.

Q6Written answer

Prepare bank reconciliation statement as on December 31, 2017. On this day the passbook of Mr. Himanshu showed a balance of ₹ 7,000.

(a) Cheques of ₹ 1,000 directly deposited by a customer.

(b) The bank has credited Mr. Himanshu for ₹ 700 as interest.

(c) Cheques for ₹ 3,000 were issued during the month of December but of these cheques for ₹ 1,000 were not presented during the month of December.

Show solutionHide solution
Worked solution

The reconciliation statement is shown below:

Bank Reconciliation Statement of Mr. Himanshu as on December 31, 2017
S. No. Particulars (+)

Amount

₹

 (-)

Amount

₹
Balance as per the Pass Book 7,000
(a) Cheques directly deposited by a customer 1,000
(b) Bank allowed interest 700
(c) Cheques issued but not presented for payment in December 1,000
Balance as per the Cash Book 4,300
7,000 7,000

Hence, the cash as per the cash book is ₹4, 300.

Q7Written answer

From the following particulars prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2016.

(a) Two cheques of ₹ 2,000 and ₹ 5,000 were paid into bank in October, 2016 but were not credited by the bank in the month of December.

(b) A cheque of ₹ 800 which was received from a customer was entered in the bank column of the cash book in December 2016 but was omitted to be banked in December, 2016.

(c) Cheques for ₹ 10,000 were issued into bank in November 2016 but not credited by the bank on December 31, 2016.

(d) Interest on investment ₹ 1,000 collected by bank appeared in the passbook.

 

Balance as per Passbook was ₹ 50,000

Show solutionHide solution
Worked solution

The reconciliation statement is shown below:

Bank Reconciliation Statement as on  December 31, 2016
S. No. Particulars (+)

Amount

₹

 (–)

Amount

₹
Balance as per the Pass Book 50,000
(a) Cheques deposited but not cleared till 31 December 7,000
(b) Cheque debited in the Cash Book but not deposited in the bank 800
(c) Cheque issued but not presented (not debited in the Pass Book) 10,000
(d) Interest on investment collected by bank 1,000
Balance as per the Cash Book 46,800
57,800 57,800

The balance as per the cash book is ₹ 46,800.

Note: In statement (c) the correct statement will be “debited”, it is mentioned as credited.

Q8Written answer

Balance as per the passbook of Mr. Kumar is 3,000.

(a) Cheque paid into bank but not yet cleared

Ram Kumar ₹ 1,000

Kishore Kumar ₹ 500

(b) Bank Charges ₹ 300

(c) Cheque issued but not presented

Hameed ₹ 2,000

Kapoor ₹ 500

(d) Interest entered in the passbook but not entered in the cash book ₹ 100

Prepare a bank reconciliation statement.

Show solutionHide solution
Worked solution

The bank reconciliation statement is shown below:

Bank Reconciliation Statement of Mr. Kumar
S. No. Particulars (+)

Amount

₹

 (–)

Amount

₹
Balance as per the Pass Book 3,000
(a) Cheques deposited but not yet cleared. 1,500
(b) Bank debited charges 300
(c) Cheques issued but not presented for payment 2,500
(d) Bank allowed interest but not entered in the Cash Book 100
Balance as per the Cash Book 2,200
4,800 4,800

The balance as per the cash book is ₹ 2,200.

Q9Written answer

The passbook of Mr. Mohit current account showed a credit Balance of ₹ 20,000 on dated December 31, 2016. Prepare a Bank Reconciliation Statement with the following information.

(i) A cheque of ₹ 400 drawn on his saving account has been shown on current account.

(ii) He issued two cheques of ₹ 300 and ₹ 500 on of December 25, but only the 1st cheque was presented for payment.

(iii) One cheque issued by Mr. Mohit of ₹ 500 on December 25, but it was not presented for payment whereas it was recorded twice in the cash book.

Show solutionHide solution
Worked solution

The bank reconciliation statement is shown below:

Bank Reconciliation Statement of Mr. Mohit’s Current Account, as on  December 31, 2016
S. No. Particulars (+)

Amount

₹

 (–) 

Amount

₹
Balance as per pass book 20,000
(i) Cheque issued from saving account wrongly debited in the current account of the pass book 400
(ii) Cheque issued but not presented for payment 500
(iii) Cheque issued but not presented for payment and twice credited in cash book 1,000
Balance as per cash book 18,900
20,400 20,400

The balance as per the cash book is ₹ 18,900.

Q10Written answer

On 1st January 2017, Rakesh had an overdraft of ₹ 8,000 as showed by his cash book. Cheques amounting to ₹ 2,000 had been paid in by him but were not collected by the bank by January 01, 2017. He issued cheques of ₹ 800 which were not presented to the bank for payment up to that day. There was a debit in his passbook of ₹ 60 for interest and ₹ 100 for bank charges. Prepare bank reconciliation statement for comparing both the balance.

Show solutionHide solution
Worked solution

The bank reconciliation statement is shown below:

Bank Reconciliation Statement of Rakesh as on January 01, 2017
S. No. Particulars (+)

Amount

₹

 (-)

Amount

₹
Overdraft as per the Cash Book 8,000
(i) Cheques deposited but not yet cleared 2,000
(ii) Cheques issued but not presented for payment 800
(iii) Interest on overdraft debited by bank 60
(iv) Bank debited charges 100
Overdraft as per the Pass Book 9,360
10,160 10,160

Hence, the overdraft as per the passbook is ₹9, 360.