Accountancy - Hard Questions on Bank Reconciliation Statement
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Accountancy
Institution
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This is a worksheet full of questions based on questions of Bank Reconciliation Statement. This will give you a brief idea regarding where the cash book and pass book are not equal. We have to make a Bank Reconciliation Statement for the same.
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difficult questions on bank reconciliation statement
hard questions on bank reconciliation statement
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Accountancy
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BANK RECONCILIATION STATEMENT
Q. 1. Monica furnishes you with the following information and requests you to
prepare a Bank
Reconciliation Statement as on 31 March, 2001,
Excess of deposits over withdrawals as per Cash Book Rs. 12500
1
The cheques totaling to Rs. 2,500 were deposited during the month. Out of these a cheque
of Rs. 840was cleared after 31 March, 2001.
2
Cheques deposited amounted to Rs.6,000 out of which cheques of Rs. 2700 were cleared
on 30th March, 2001
3
The cheques issued during the month totalled to Rs. 14,567. The bank paid cheques of
Rs. 10562, on or before 31st March, 2001.
4
Cheque issued amount to Rs.7,500out of which cheques of Rs.2,900 were cleared on 4th
April, 2001
5
During the month of March, cheque worth Rs.20,000 were deposited into bank out of
which cheques worth Rs.18,000 were cleared upto 30th March.One cheque of Rs.500was
cleared on 15th April and another cheque of Rs. 1,500 was cleared on 30» May.
6
During March, 2001 cheques for Rs.5,000 were issued. Except one cheque of Rs.1,000 all
cheques were presented for payment before 31st March, 2001
7
Cheques totaling to Rs. 21,680 were deposited into bank account during March, 2001.
Out of these chequeof Rs. 8,600 was cleared on 3rd April, 2001. and a cheque of Rs. 2,180
returned dishonoured the rest of the cheques collected before 31t March, 2001. The
dishonour of cheque was recorded in cash book on 4th April, 2001.
8 Four Cheques of Rs. 6,140, 4, 160,1,640 &6410 were issued by the Business during the
March, 2001.Out of these first Cheque was paid on 24th March, 2001, second cheque on
6th April 2001, third cheque returned unpaid on 27th March , 2001 fourth Cheque was
paid was paid on 7th May, 2001. None of these transaction were shown in cash book of
March, 2001.
During the last week of March 2001 Cheques of Rs. 20000 were deposited out of which
Cheques of Rs. 2000 were dishonored
Cheques of Rs. 3000were credited on 3/4/01
Remaining cheques were cleared before 31 March, 2001
10 During the last week of March 2001 cheques of Rs, 12000 were issued out of which
Cheques of Rs. 3000were sent to suppliers by post, which they received on 2/4/01
Cheques of Rs. 2000were presented for payment on 1/4/02
Rermaining cheques were presented for payment before 31/3/01
11 Cheques totaling to Rs. 68,600 were deposited in the bank. Out of these cheques of the
Rs.40,500 were collected during March 2001 anda cheque of Rs. 10,100 returned unpaid.
The cash book does not show either deposit of cheques nor of the dishonor of cheque.
12 Cheque of Ra. 14,680 were paid by the bank during March 2001, out of cheques totaling
toRs.18,640 issuedduring the month.
13 The information of cheque received and deposited:
Sr. No. Date of Deposit Amounts Date of Clearance Date of
Dishonour
3.3.2001 12,600 17.3.2001
2 14.3.2001 16,200 20.3.2001
24.3.2001 9.780 28.3.2001
4 25.3.2001 8,790 3.4.2001
Thecash book does not show either deposit or dishonour of these cheques.
14 The five cheques of Rs.9,600, Rs.6,900, Rs.9060,Rs. 6009 and Rs.9,006 was issued by
the Business,out of these first and second cheques were paid by 28. 3. 2001 , Third
returned dishonored on 26.3.2001 and forth and fifth cheque were paid on 2.4.2002. The
entry for dishonor of cheque was passed in cash book on 31* March 2001 April
15 Cheque of Rs. 3600 deposited in Bank returned dishonored.
1
, 16 Cheque of Rs. 2000 deposited in Bank returned
reorded in cash book. dishonored, the entry for dishonour not
17 Cheque of Rs. 5500 deposited in BAnk returned dishonored, the
reorded in cash book in April 2001 entry for dishonour was
18 Chequc of Rs. 1250 deposited in Bank returned dishonored, the entry for
reordd in cash book on 31 March, 2001 dishonour was
10 Cheque of Rs. 1,700 issued to Sujay was
fact of dishonour was rccorded in the Cashdishonoured
by bank on 27th March. 2001, the
20
Book.
Three cheques of Rs.7,800 Rs.6,400 and Rs.9,400 were deposited into the bank
Out of these first cheque was cleared on 7th April, seccond account.
remained unpaid and third
cheque was cleared on 30h March. The deposit of these three cheques was not
in cash book. recorded
Q. 2 Frepare Bank Reconciliation Statement of Utapal as on 31 December , 2001. the
information is.
1. Balance duc to Bank as per Utpal Rs. 5000.
2.Bank Paid BPL Mobile Billfor the month of November 2001 for RS. 2320 was paid by bank,
the advice for the same was received in January 2002
3 Bank directly collected dividend amount to Rs. 1,100 during December, 2001. This
recorded in cash book.
was not
1
Under our standing instructions bank paid owner's life insurance premium Rs. 3,600. This
was not recorded in cash book.
5. The bank has paid insurance premiun Rs. 1200 on 24/12/01 which was recorded in the
Cash Book Payment side on 27/12/01 as Rs. 2100.
6 Rent paid by bank Rs. 750 on 29/12/01 was recorded in the cash book on the debit side
as Rs. 570
7. Insurance claim received Rs. 8,100 was shown on receipt side in cash column This
amount was collected on 27 December. 2001.
8. Bank charges Rs. 490. An advice was received on 4 January 2002.
9
Insurance company credited Rs. 11,500 to our bank account for the claim. The advice was
received by us on 7 Jarnuary,2002.
10. Bank debited our account for cheque book charges Rs. 100. This does not appear in cash
book.
11 Interest collected by the bank Rs. 400 was shown in the cash Book Cash Column.
12 During December 2001 bank charged Rs.25 as service charges. This was not recorded in
the cash book.
13 Bank debited our a/c for interest on overdraft Rs.140 and credited our a/c for interest on
fixed deposit Rs.675. This remains unrecorded in cash book.
|14, Bank charged our account with interest Rs. 200.
15 Mr. Utapal bought a printer for household use against a cheque of Rs. 4,500/- from
business bank account remained unrecorded.
16. Interest collected by bank was recorded in cash coloum on the payment side of cash book.
Q. 3 Prepare Bank Reconciliation statement of Mr. Shah as on 31st March 1997.
1. Balance due from Shah as per Bank records Rs. 3500
2. Bank column receipt side is over casted by 150.
3 Credit side of Bank Column is under casted by 750.
4. Bank column on the payment side was added short by Rs. 5,400
5 Withdrawal side added short Rs. 1250/
6. Deposit side excess casted Rs. 1000/
7. The total of bank column on the payment side Rs. 14850was carried forward to the next
page as Rs. 15,840,
8 The total of bank column on the payment side Rs. 10000 was carried forward to the next
page on the debit side
2
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