11th Accountancy Monthly Test - 4 ( Bank Reconciliation statement )

MABS Institution

11th Accountancy Monthly Test - 4 ( Bank Reconciliation statement )-Aug 2020

Time : 2.00 Hours

Part - A

Generic 5 - Answer All Question

Prepare a bank reconciliation statement of Mr. Goutham from the following data as on 31.12.2013.

Rs.

Balance as per cash book 12,500

Cheque issued but not presented for payment 900

Cheques deposited in bank but not collected 1,200

Bank paid insurance premium 500

Direct deposit by a customer 800

Interest on investment collected by bank 200

Bank charges 100

From the following particulars ascertain Bank Balance as per pass book of Ms.Padma as on December 31, 2008.
a) The balance as per Cashbook on that date was Rs 12,500.
b) Cheques issued but not cashed before that date amounted to Rs 1,750.
c) Cheques paid into bank, but not cleared before December 31,2008 amounted to Rs 2,150.
d) Interest on investments collected by the bank but not entered in the cash book amounted to Rs 275.
e) Dividend collected by bank Rs 300.
f) Bank charges debited in the passbook Rs 25.
g) Subscription paid as per standing instructions Rs 125.

From the following particulars of Mr. Jacob, ascertain the Bank Balance as per pass book on December 31, 2012.
a) The Bank balance as per cash book was Rs 11,500 on December 31,2012.
b) Cheques issued but not cashed before that date amounted to Rs 1,750.
c) Cheques paid into Bank, but not cleared before December 31,2012 amounted to Rs 2,150.
d) Interest on Investments collected by the Bank but not entered in the cash book amounted to Rs 275.
e) Local cheque paid in but not entered in the cash book Rs 250.
f) Bank charges debited in the pass book Rs 95.

Prepare a bank reconciliation statement of Mr. Gowtham from the following data as on 31.12.2017.
a) Balance as per cash book Rs 12,500
b) Cheques issued but not presented for payment Rs 900
c) Cheques deposited in bank but not collected Rs1,200
d) Bank paid Insurance premium Rs 500
e) Direct deposit by a customer Rs 800
f) Interest on investment collected by bank Rs 200
g) Bank charges Rs 100

The bank statement of Sudha and Company showed an overdraft of Rs.10,000 on 31^st December 2017, prepare a bank reconciliation statement.
(a) A cheque deposited on 30^th December 2017 for Rs.15,000 was not credited by the bank.
(b) Interest on term loan Rs.500 was debited by bank on 31^st December 2017 but not accounted in the books of Sudha and Company.
(c) A cheque issued for Rs.550 on 24^th December 2017, paid by the bank was recorded as 505 in the bank column of the cash book.
(d) One outgoing cheque on 27^th December 2017 of Rs.200·was recorded twice in the cash book.
(e) Bank recorded a cash deposit of Rs.2,598 as Rs.2,589.
(f) A sum of Rs.2,000 deposited in cash deposit machine by a customer of the business on 31^st December 2017 was not recorded in the books of Sudha and Company.
(g) Interest on overdraft of Rs.600 was not recorded in the books of Sudha and Company,
(h) Two cheques issued on 29^th December 2017 for Rs.500 and Rs 700, but only the first cheque was presented for payment before
31^st December 2017.

From the following particulars of Raheem traders, prepare a bank reconciliation statement as on 31^st March, 2018.
(a) Overdraft as per cash book Rs2,500 on the same day the balance as per bank statement is Rs 1,99,000
(b) Interest on debentures of Rs 700 was received by the bank directly
(c) Amount received by bank through RTGS amounting to 2,00,000, omitted in the cash book.
(d) Two cheques issued for Rs. 1,800 and Rs.2,000 on 29^th March 2018. Only the second cheque is presented for payment.
(e) Insurance premium on car for Rs. 1,000 paid by the bank as per standing instruction not recorded in the cash book.

The pass book of Ms. Aparna showed a balance of Rs 25,500 on 30tb June, 2014.
(a) Cheques issued by her before that but were not presented for payments amounted to Rs 3,200.
(b) Cheques amounting to Rs 1,800 were paid into bank on June 30, but were not credited until July 5, 2014.
(c) On 30th June, 2014 a cheque of Rs 540 was received and entered in the bank column of cash book but was omitted to be paid into bank.
(d) Insurance premium paid by the bank as per standing instructions Rs 500.
(e) Interest and Dividend collected by bank Rs 1,500.
Prepare a bank reconciliation statement as on 30.6.2014.

From the following particulars, ascertain the balance that would appear in the bank pass book of Cotton World Ltd. at 31^st December 2015.
a) The bank overdraft as per Cash book on 31^st December, Rs 1,26,800.
b) Interest on overdraft for 6 months ending 31^stDecember, Rs 3,200 is entered in the pass book.
c) Bank charges of Rs 600 for the above period are debited in the pass book.
d) Cheques issued but not cashed prior to 31^stDecember amounted to Rs 23,360.
e) Cheques paid into bank but not cleared before 31^st December, were for Rs 43,400.
f) Interest on investments collected by the bank and credited in the pass book Rs 24,000.

The cash book of Dhandapani showed an overdraft of Rs 15,000. The cash book entries were checked with the entries in the pass book. The following details were disclosed. Prepare a Bank reconciliation statement to show the Bank Balances as per pass book as on 30^th June, 2013.
a) Out of the four cheques issued on 27^th June, 2013 for Rs.21,000, two cheques for Rs 12,000 alone were presented for payment on 29^th June, 2013.
b) Cheques paid into the Bank amounted Rs. 17,800. But the Bank had not cashed and credited in the pass book before that date.
c) There was an entry on the debit side of the pass book for bank charges, Rs 150.
d) The Bank had also debited the account for interest on O/D for Rs 280.
e) It was also noticed that the Bank had paid Rs 2,750 as insurance premium as per standing instructions on 29^th June, 2013.

From the following particulars, ascertain the bank balance as per cash book of Mr. Muthu as at 31^st March 2018.
a) Credit balance as per pass book as on 31.3.2018 Rs 2,500
b) Bank charges of Rs 60 had not been entered in the cash book.
c) Out of the cheques of Rs 3,500 paid into the bank, a cheque of Rs1,000 was not yet credited by the banker.
d) Out of the cheques issued for Rs 4,500, cheques of Rs 3,800 only were presented for payment.
e) A dividend of Rs 400 was collected by the banker directly but not entered in the cash book.
f) A cheque of Rs 600 had been dishonoured prior to 31.3.2018, but no entry was made in the cash book.

From the following particulars prepare the Bank Reconciliation Statement of Mr. Avinash. His cash book shows Rs 50,000 as bank balance on 31.07.2013.
(a) Cheque issued but not presented for payment Rs 10,000.
(b) Cheque paid into bank-but not cleared Rs.15,000.
(c) Bank charges Rs 2,000 entered in the pass book.
(d) Interest allowed by the bank Rs 1,500.
(e) Interest charged by the bank Rs 3,000.
(j) Dividend collected by the bank Rs 4,000.
(g) Debtors directly paid into bank Rs 5,000.
(h) Cheques dishonoured for Rs 1,000 entered in the pass book.
(I) Wrong credit made by the banker Rs 500.
(j) Wrong debit made by the banker Rs 600.
(k) Bills receivable collected by the banker Rs 5,000.
(I) Bills payable paid by the. banker Rs 2,500.
(m) Bills receivable worth Rs 750 discounted on 1st July'2013 dishonoured

From the following particulars of Kamakshi traders, prepare a bank reconciliation statement as on 31^st March, 2018.
(a) Debit balance as per cash book Rs.10,500
(b) Cheque deposited into bank amounting to Rs. 5,500 credited by bank, but entered twice in the cash book.
(c) Cheques issued and presented for payment amounting to Rs.7,000 omitted in the cash book
(d) Cheque book charges debited by the bank Rs 200 not recorded in the cash book.
(e) Cash off 1,000 deposited by a customer of the business in cash deposit machine not recorded in the cash book.

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11th Accountancy Monthly Test - 4 ( Bank Reconciliation statement )

MABS Institution

11th Accountancy Monthly Test - 4 ( Bank Reconciliation statement )-Aug 2020

Part - A

Generic 5 - Answer All Question

Comment

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Tamilnadu Stateboardszs - Class

	Rs.
Balance as per cash book	12,500
Cheque issued but not presented for payment	900
Cheques deposited in bank but not collected	1,200
Bank paid insurance premium	500
Direct deposit by a customer	800
Interest on investment collected by bank	200
Bank charges	100