Bank Reconciliation Statement Three Marks Questions

11th Standard

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Accountancy

Time : 01:00:00 Hrs
Total Marks : 30
    10 x 3 = 30
  1. Give any three reasons for preparing bank reconciliation statement.

  2. What is meant by the term "cheque not yet presented?"

  3. Explain why does money deposited into bank appear on the debit side of the cash book, but on the credit side of the bank statement?

  4. What will be the effect of interest charged by the bank, if the balance is an overdraft?

  5. State the timing differences in BRS with examples.

  6. From the following information, prepare bank reconciliation statement as on 31st December, 2017 to find out the balance as per bank statement.

      Particulars Rs
    (i) Overdraft as per cash book 10,000
    (ii) Cheques deposited but not yet credited 5,000
    (iii) Cheque issued but not yet presented for payment 1,000
    (iv) Payment received from the customer directly by the bank 500
    (v) Interest on overdraft debited by bank 1,000
    (vi) Amount wrongly debited by bank 300
  7. Rony is the proprietor of Veena photos. The bank column of cash account of his business was balanced on 31st March 2018. It showed an overdraft of Rs.12,000. The bank statement of Veena photos showed a credit balance of Rs.5,000. Prepare a bank reconciliation statement taking the following into account.
    (a) The bank had directly collected dividend Rs.3,000 but was not entered in the cash book.
    (b) Cheques amounting to Rs.9,000 were issued on 27th March 2018, of which, cheques amounting to Rs.7,000 were not presented for payment before 31st March 2018.
    (c) The debit balance in the cash book of Rs.4,100 was brought forward as a credit balance.
    (d) Cheque book charges of Rs.200 debited by the bank but not recorded in cash book.
    (e) Bank locker rent of Rs.1,000 debited by the bank but not recorded in cash book.

  8. Prepare bank reconciliation statement as on 31st December 2017 from the following information:
    (a) Balance as per bank statement (pass book) is Rs.25,000.
    (b) No record has been made in the cash book for a dishonour of a cheque for Rs.250.
    (c) Cheques deposited into bank amounting to Rs.3,500 were not yet collected.
    (d) Bank charges of Rs.300 have not been entered in the cash book.
    (e) Cheques issued amounting to Rs.9,000 have not been presented for payment.

  9. From the following information, prepare bank reconciliation statement as on 31st December, 2017 to find out the balance as per bank statement.

      Particulars Rs
    (i) Balance as per bank statement 6,000
    (ii) Cheques deposited on 28th December, 2017 but not yet credited 2,000
    (iii) Cheques issued for 10,000 on 20th December, 2017 but not yet presented for payment 3,000
    (iv) Interest on debentures directly collected by the bank not recorded in  cash book 4,000
    (v) Insurance premium on building directly paid by the bank 1,000
  10. In the following illustration, what will be the cash book balance, if the balance as per bank statement is favourable?

      Particulars Amount Rs
    (i) Overdraft balance as per bank statement 6500
    (ii) Cheque deposited into the bank but not yet credited 10,500
    (iii) Cheques issued, but not yet presented for payment 3,000
    (iv) Wrong debit by the bank 500
    (v) Interest and bank charges debited by bank 180
    (vi) Insurance premium on goods directly paid by the bank as per standing instructions 10

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