Select Board & Class
Payment side of cash book undercast by Rs. 1500 .
Why is the above statement deducted in the BRS when the blance is as per Cash book. Please explain
Interest allowed by bank is interest credited or interest debited by bank into our account ?
What does cheque issued but not cleared mean
On 30th June , 2011 a trader had an overdraft of Rs. 5500 as shown by the bank column of his cash book. Cheques amounting to Rs 1500 had been paid to the bank but of these only Rs 1100 were credited in the pass book upto 30th June , 2011. He had also issued cheques amounting to Rs 3500, out of which only Rs 2150 worth cheques had been presented for payment. It was also found that a cheque for Rs 200 which he had debited to bank account was not sent to bank at all for collection through mistake. There is a debit in the pass book of Rs 10 for bank charges and Rs 50 for interest. A customer of the trader had paid directly into his bank Rs 1000 for credit of his account but it was not shown in cash book. The bank paid trader’s insurance premium Rs 250 as per instructions, but this had not been recorded in the trader’s cash book.
Prepare a bank reconciliation statement on 30th June, 2011 and show the balance, the bank pass book will indicate on that day.
The answer given in the book is: Overdraft balance as per pass book= Rs 4060
A bill for Rs. 700 RETIRED by bank under a rebate of Rs. 20, the full amount of the bill was credited in the cash book.
WHAT IS THE MEANING OF THIS LINE?
X,Y and Z are partners sharing in the ratio of 2:2:1. Y retires and his share is entirely taken by Z. Calculate the new ratio
Credit side of cash book bank column cast short
Explain it please.
On 31st Dec., 2012, my pass book showed an overdraft of Rs 12500. On scrutiny the following were noticed:
(a) Cheques amounting to Rs 2100 were paid into the bank on 29th Dec, of which only Rs 175 was credited by the bank in the pass book.
(b) Cheques for Rs 4000 were issued by me, of which only one cheque for Rs 600 was presented for payment.
(c) There is a debit of Rs 150 for interest and Rs 50 for bank charges in the pass book, which have not been entered in my books.
(d) Rs 250 debited to bank in my books has been omitted to be banked.
Prepare a bank reconciliation statement to show the balance as per my books.
The answer given in the book is: Overdraft as per cash book Rs 13525
What is a bank reconciliation statement? Why is it prepared?
A cheque issued for Rs. 250 was recorded as Rs. 205 in the cash column.Its debit balance as per cash book.Will the entry be in plus items or minus items?
difference between cashbook and passbook
My bank pass book for account No. 1 shows an overdraft of Rs 6500 on 31st March, 2012. This does not agree with the cash book balance. From the following particulars ascertain the cash book balance:
Cheques amounting to Rs 15000 were paid into Bank in March, out of which, it appears, only cheques amounting to Rs 4500 were credited by Bank. Cheques issued during March amounted in all to Rs 11000. Out of these cheques for Rs 3000 were unpaid on 31st March, 2012. The bank has wrongly debited Account No. 1 with Rs 500 in respect of a cheque drawn on Account No. 2 . The account stands debited with Rs 150 for interest and with Rs 30 for Bank charges. The bank has paid the annual subscription of Rs 100 to my club according to my instructions. The entries for interest charges and subscription have not yet been made in the cash book.
The answer given in the book is: Balance as per cash book= Rs 1780
Withdrawal column of the passbook undercast by Rs 200. What is the treatment when we consider balance as per passbook?
How to prepare a bank reconciliation statement?
the dabit balance as per of cash book of ramesh was 7500 .the following difference were found out on 31.3.2011.by totaling it with pass book
the cheaque for 1000 was sent to bank for the collection on 25 march but the cheaque of 250 were collected on 3rd april 2011.
A cheaque was given to sohan of 500 but it was not persented for payment .
The dividend of 500 was collected by the bank but it was not recorded in cash book .
rs 100 was debited as intrest by the bank and a customer deposited 500 in the bank directly .preare BRS .
the credit balance of rs.2000 in the bank column f the cash bok was carried forwaded as its debit balance. when overdraft as per passbook is starting point : 2000 will be deducted , 2000 will be added , 4000 will be deducted , 4000 will be added give answer with proper expalanation like a tution not give only the direct answer
how should we do the amended cash book? Can you please illustrate with an example?
Solutions of practical problems of T.S.Grewal of chapter Bank Reconciliation Statement
Prepare the bank reconciliation statement of Mohan as on 31st March, 2011 from the following information
Please solve this and explain me 2 and 8
Explain the process of preparing bank reconciliation statement with amended cash balance.
Prepare a bank reconciliation statement from the following particulars:
Bank Overdraft as per cash book Rs 8000
Cheques deposited in bank but no entry was passed in the cash book Rs 300
Cheque received but not sent to bank Rs 1000
Credit side of bank column cash short Rs 100
Insurance premium paid directly by bank as per standing advice Rs 500
Bank charges entered in cash book twice Rs 10
Cheques returned back but no entry passed Rs 400
Cheques’ issued’ returned back on account of technical grounds Rs 300
Bills directly collected by bank Rs 2000
Bank charges debited by bank Rs 12
Cheques received entered twice Rs 500
Bills discounted dishonoured Rs 4000
State which items will require adjustment in the books of accounts.
Prepare BRS for the following:
i) Debit balance as per cah book- XXX
ii) A cash discount allowed of Rs. 112 was recorded as Rs. 121 in the bank column.
(And please explain me how it happened.)
solutions of t.s. grewal's financial accounting
On 30th June, 1994, the bank column of Mohan Kapoor's cash book showed a debit balance of Rs 12,000. On cheching the cash book with bank statement ryou find that:-
prepare a BRS for the following 1.overdraft as per pass book-7600 2.cheques deposited but not collected by bank -8560 3.incidental charges paid by bank but not recorded in cash book -80 4.chques issued but not presented for payment-3400 5.insurance premium paid by bank not recorded in cash book-4200 6.on 31 december cash deposited in bank Rs.385 but the cashier debited the bank column with Rs.485 by mistake.
From the following particulars prepare bank reconciliation statement as on 31st Dec., 2012:
(a) Debit balance as per cash book Rs 10000
(b) A cheque for Rs 500 issued in favour of Rajni has not been presented for payment.
(c) A bill for Rs 700 retired by bank under a rebate of Rs 20, the full amount of the bill was credited in Cash Book.
(d) A cheque for Rs 295 deposited in bank has been dishonoured.
(e) A sum of Rs 800 deposited in the bank has been credited as Rs 80 in the Pass Book.
(f) Payment side of Cash Book has been under cast by Rs 100.
help me ques no.25 of brs dk goel book
When Debit Balance (Favourable Balance) as per Cash Book is Given.
Question 1. Rim Zim Ltd. maintains a current account with the State Bank of India. On 31st arch, 2010, the bank column of its cash book showed a debit balance of Rs 1,54,300. However, the bank statement showed a different balance as on that date.
The folllowing were the reasons for the difference:
Find out the balance as per the bank statement as on 31st March, 2010.
Question 2. The balance of cash at bank as shown by the Cash Book of Pan & Co. on 31st December, 2010, was Rs 7,500. On checking the entries in the Cash Book with the Pass Book, it was ascertained that cheques of Rs 500 and Rs 700 respectively paid in on 30th December, were not credited until the 2nd January following and three cheques of Rs 600, Rs 800 and Rs 1,200 issued on the 28th December were not presented until the 3rd of January. There was a credit of Rs 125 in the Pass Book in respect of interest under date 31st December, which was not entered in the Cash Book. There were also Bank Charges debited in the Pass Book amounting in all to Rs 10 which were not entered in the Cash Book.
Prepare a Bank Reconciliation Statement as at 31st December, 2010.
Pass book Overdraft Rs 10,000 as on 31st Dec 2008
1. Items unticked in the pass book are:
(i) Incidental charges Rs 25
(ii) Dividend collected by the bank on our behalf
Prepare BRS.
I do not understand what is meant by unticked.
Q.A bill for Rs 6,900 discounted with the bank is entered in the cash book with recording the discount charge of Rs 800.
A.Discount charges of bill was omitted to be recorded in the Cash Book - 800.
can any1 plz xplain dis to me????
On comparing the cash book with passbook of Naman it is found that on March 31, 2005, bank balance of Rs 40,960 showed by the cash book differs from the bank balance with regard to the following:
(a)
Bank charges Rs 100 on March 31, 2005, are not entered in the cash book.
(b)
On March 21, 2005, a debtor paid Rs 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 Rs 12,980 were issued by the company and duly recorded in the cash book before March 31, 2005, but had not been presented at the bank for payment until after that date.
(d)
A bill for Rs 6,900 discounted with the bank is entered in the cash book with recording the discount charge of Rs 800.
(e)
Rs 3,520 is entered in the cash book as paid into bank on March 31st, 2005, but not credited by the bank until the following day.
(f)
No entry has been made in the cash book to record the dishon or on March 15, 2005 of a cheque for Rs 650 received from Bhanu.
Prepare a reconciliation statement as on March 31, 2005.
On 30th june 1994 the bank balance as per sanjay yadav,s cashbook was rs 1,500. on comparing with the passbook the following informatiopn was recieved:
1 cheques amounting to rs 7290 were issued on 28th june of which one cheque of rs1300 was presented in the bank for payment on 4th july
2cheques deposited into bank for rs 10000 but of these cheques for rs 4000 were cleared and cr. in july
3interest and dividend on investments rs 580 collocted by bank and cr. to his a/c but he did not have any information for this
4life insurance premimum rs750 paid by back according to his standing orders
5 bank charges rs 25 not recorded in the cash book
prepare a BRS
Prepare a bank reconciliation statement from the followong particulars:
PARTICULARS
(i) Bank balance as per pass book = 400000
(ii) Cheque deposited into the bank, but no entry was passed in the cash book = 5000
(iii) Cheque recieved and entered in the cash book but not sent to bank = 12000
(iv) Credit side of cash book bank column cast short = 2000
(v) Insurance premium paid directly the bank under the standing advice = 6000
(vi) Bank charges entered twice in the cash book = 200
(vii) Cheque issued but not presented to bank for payment = 5000
(viii) Cheque recieved entered twice in the cash book = 10000
(ix) Bill discounted dishonoured not recorded in the cash book = 50000
briefly explain the statement 'wrongly debited by the bank' with the help of an example.
On 31st December, 2012 the bank balance as per the cash book of M/s Mahajan & Sons stood at Rs 10800. On examining the bank Current Account No. 1 , transactions with the corresponding pass book , the following facts are noticed:
(a) That a cheque for Rs 400 drawn on No. 2 Account has been wrongly debited to No. 1 Account by the bank.
(b) That a cheque for Rs 500 paid in No. 2 Account has been wrongly credited to No. 1 Account.
(c) That a cheque for Rs 300 paid in No. 1 Account stands wrongly credited to No. 2 Account.
(d) That a dishonoured cheque for Rs 200 relating to Account No. 1, the entry in respect of which has been passed through the cash book stands wrongly charged to No. 2 Account.
(e) That a cheque for Rs 1200 paid on 29.12.2012 stands credited in the pass book on 3rd January, 2012.
Prepare a bank reconciliation statement as at 31.12.2012 from the above information.
Who prepares the Bank Reconciliation Statement?
can with example anyone is able 2 teach me B.R.S.?
what do you mean by bank reconciliation statement?
"Interest on investment collected by the bank" should this be written under add or less in the BRS? why?
bank reconcilation statement
on examining the bank pass book of green ltd., it is found that the balance shown on 31st march, 2012, the close of the company's financial year, differs from the bank of rs. 23,650 shown by the cash book on that date. from a detailed comparison of the entries it found that:
1. rs. 2,860 is entered in the cash book as paid into bank on 31 march 2012, but not credit by the bank until the following day.
2. bank charges of rs. 70 on 31st march 2012 are not entered in the cash book.
3. a bill of rs. 5,500 discounted with the bank is entered in the cash book without recording the discount charge ofrs.270.
4.cheques totalling rs. 16,720 were issued by the company and duly recorded in the cash book before 31st march ,2012, but had not been presented at the bank for payment until after that date.
5. on 25th march, 2012, a debtor paid rs. 1,000 into the company bank in settlement of his account , but no entry was made in the cash book of the company in repect of this.
6.no entry has been made in the cash book to record the dishonour on 15th march, 2012, of a cheque for rs. 550 recieved from ram babu.
how do we solve these quest.
1.Overdraft as per cashbook is given....
Cheques of 3400...were deposited in bank on 29th septbut bank credited on 1st oct ...rs 1300 onli..and on cheque was dishonoued of rs 250 and returned by them...
Prepare brs as on 30 sept 2012
Wt does it mean when bank credits an amnt to our account?
2. Cashbook favourable bal. Is given.
A debit appeared in bank statement for rs 100 for unpaid cheque..which hqd been
over draft as per pass book...means,,???
cn ny1 explain..dis...pls..;p..!!
(i) Explain the reasons on account of which the balance as shown by the pass book does not agree with the balance as shown by the bank column of the cash book.
(ii) The bank pass book of Mr X showed an overdraft of Rs 33575 on 31st March , 2012 . On going through the pass book, the accountant found the following:
(a) A cheque of Rs 1080 credited in the pass book on March 28, being dishonoured is debited again in the pass book on 1st April, 2012. There was no entry in the cash book about the dishonour of the cheque until 15th April.
(b) Bankers had credited his account with RS 2800 for interest collected by them on his behalf, but the same had not been entered in his Cash book.
(c) Out of Rs 20500 paid in by Mr. X in cash and by cheques on 31st March, cheques amounting to Rs 7500 were collected on 7th April.
(d) Out of cheques amounting to Rs 7800 drawn by him on 27 th March, a cheque for Rs 2500 was encashed on 3rd April.
Prepare bank reconciliation statement on March 31, 2012.
The answer given in the book is : Overdraft balance as per cash book= Rs 31375
any easy way to learn b.r.s plsss reply...
brs project answers
Explain the reasons where the balance shown by the bank passbook does not agree with the balance as shown by the bank column of the cash book.
Prepare bank reconciliation statement from details given below and ascertain the balance as per Mr. Gani’s cash book as on 31st Dec., 2012:
(a) Bank overdraft balance as per pass book Rs 12000
(b) Cheques issued to creditors amounting to Rs 20000 in the month of Dec., 2012 , of which cheques worth Rs 3000 presented to bank up to 31st. Dec., 2012
(c) A cheque of Rs 6000 received from Raj was deposited into the bank account on 25th Dec.,2012 but no entry was passed in cash book. The same is collected and credited to Mr Gani’s account on 27 Dec., 2012.
(d) A cheque of Rs 2000 received from Mr. Baria on 20th Dec., 2012 was recorded in the discount column of cash book but was not banked.
(e) The pass book showed that the bank had collected Rs 4000 as interest on Government Securities. The bank had charged interest Rs 500 and bank charges Rs 200. There was no entry in cash book for the same.
IS CASH BOOK SUBSIDRY OR PRINCIPAL BOOK?
what will be the entry of "A discounted bill of exchange dishonoured rs.2000" in BRS..given-PASSBOOK HAVE DEBIT BALANCE....
From the following particulars prepare a Bank Reconciliation Statement on 31 March 2012:
(i) Bank Statement showed a favourable balance of 12,400
(ii) Cheques amounting to 45,000 were drawn on 27th March, of which cheques for 33,000 were encashed on 2nd april.
(iii) Bill for collection not yet reported by bank to us but credited to our account, 8,000
(iv) A bill for 10,000 was retired by the Bank under a rebate of 200 but the full amount of the bill was credited in the bank column of the cash book.
1. Tendulkar's Cash Book showed a bank overdraft of Rs.49, 350 on 30th Sept, 2012. On comparing Cash Book with the Pass Book following information were received:
Out of the cheques which were issued by Tendulkar on 20th sept.2012, cheques of Rs.3, 700 were presented to bank on 2nd Oct.2012 for payment and a crossed cheque of Rs.750 issued to Abdulla was returned by him and in exchange for it a bearer cheque issued to him on 1st Oct.2012. Cheques amounting to Rs.3400 were deposited in the bank on 29th Sept.2012 but the bank had credited on 1st Oct.2012 cheques of Rs.1300 only and one cheque of Rs.250 was dishonoured and returned by them. According to Tendulkar's standing order the Bank had paid to his creditor's interest of Rs.320 on 30th Sept.2012, his quarterly policy premium Rs.160 and second call of Rs.600 on shares subscribed for by him. Bank received dividend of Rs.150 and received insurance claim money Rs.800 on his behalf. On all these bank expenses amounted to Rs. 15. On receipt of this information Ramesh made necessary entries in his Cash Book on SiI Oct.2012.
His bank had wrongly credited Rs.500 and wrongly debited Rs.300 to his bank account. Prepare Bank Reconciliation Statement as on 30th Sept.20 12 and in the books of Tendulkar.
quest 2
Satheesh Traders received a Bank Statement showing a favourable balance of Rs.I0,392 for the period ended on 301h June,2010, this did not agree with the balance in the cash book.
An examination of the Cash Book and Bank Statement disclosed the following:
1) A dposit of 3000 paid on 29th june 2010 had not been credited by the bank until 1 july 2010
„.
3) On 30th March,2010 the firm had entered into hire purchase agreement to pay by bankers order a sum of Rs.3,000 on the 10th of each month, commencing from Apri1,2010. No entries had been made in Cash Book.
4. A customer of the firm, who received a cash discount of 4% on his account of Rs.4,000 paid the firm a cheque on 12th June. The cashier erroneously entered the gross amount in the bank column of the Cash Book.
5. Bank charges amounting to Rs.300 had not been entered in Cash Book
6. On 28th june, a customer of the firm directly deposited the amount in the bank Rs.4,000, but no entry had been made in the Cash Book.
7. Rs,1,200 paid into the bank had been entered twice in the Cash Book.
8. A debit of Rs. 100 appeared in the Bank Statement for an unpaid cheque, which had been returned marked 'out of date'. The cheque had been re-dated by the customer and paid into Bank again on 5th July,2010.
Prepare Bank Reconciliation Statement on 30th June,2010.
E.g: 9876543210, 01112345678
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Syllabus
(i) Bank Overdraft as per Bank Statement ₹17,000
(ii) Check issued but not encashed during the August ₹2,200
(iii) Dividends on shares collected by banker ₹2,300
(iv) Interest charged by the bank recorded twice in the Cash Book ₹500
(v) Check deposited as per Bank Statement not entered in Cash Book ₹3,400
(vi) Credit side of the Bank column in Cash Book cast short ₹1,000
(vii) Clubs dues paid by bank as per standing instruction not recorded in Cash Book ₹1,200
(viii) Uncredited check due to outstation ₹3,900
Payment side of cash book undercast by Rs. 1500 .
Why is the above statement deducted in the BRS when the blance is as per Cash book. Please explain
Interest allowed by bank is interest credited or interest debited by bank into our account ?
What does cheque issued but not cleared mean
On 30th June , 2011 a trader had an overdraft of Rs. 5500 as shown by the bank column of his cash book. Cheques amounting to Rs 1500 had been paid to the bank but of these only Rs 1100 were credited in the pass book upto 30th June , 2011. He had also issued cheques amounting to Rs 3500, out of which only Rs 2150 worth cheques had been presented for payment. It was also found that a cheque for Rs 200 which he had debited to bank account was not sent to bank at all for collection through mistake. There is a debit in the pass book of Rs 10 for bank charges and Rs 50 for interest. A customer of the trader had paid directly into his bank Rs 1000 for credit of his account but it was not shown in cash book. The bank paid trader’s insurance premium Rs 250 as per instructions, but this had not been recorded in the trader’s cash book.
Prepare a bank reconciliation statement on 30th June, 2011 and show the balance, the bank pass book will indicate on that day.
The answer given in the book is: Overdraft balance as per pass book= Rs 4060
A bill for Rs. 700 RETIRED by bank under a rebate of Rs. 20, the full amount of the bill was credited in the cash book.
WHAT IS THE MEANING OF THIS LINE?
X,Y and Z are partners sharing in the ratio of 2:2:1. Y retires and his share is entirely taken by Z. Calculate the new ratio
Credit side of cash book bank column cast short
Explain it please.
On 31st Dec., 2012, my pass book showed an overdraft of Rs 12500. On scrutiny the following were noticed:
(a) Cheques amounting to Rs 2100 were paid into the bank on 29th Dec, of which only Rs 175 was credited by the bank in the pass book.
(b) Cheques for Rs 4000 were issued by me, of which only one cheque for Rs 600 was presented for payment.
(c) There is a debit of Rs 150 for interest and Rs 50 for bank charges in the pass book, which have not been entered in my books.
(d) Rs 250 debited to bank in my books has been omitted to be banked.
Prepare a bank reconciliation statement to show the balance as per my books.
The answer given in the book is: Overdraft as per cash book Rs 13525
What is a bank reconciliation statement? Why is it prepared?
A cheque issued for Rs. 250 was recorded as Rs. 205 in the cash column.Its debit balance as per cash book.Will the entry be in plus items or minus items?
difference between cashbook and passbook
My bank pass book for account No. 1 shows an overdraft of Rs 6500 on 31st March, 2012. This does not agree with the cash book balance. From the following particulars ascertain the cash book balance:
Cheques amounting to Rs 15000 were paid into Bank in March, out of which, it appears, only cheques amounting to Rs 4500 were credited by Bank. Cheques issued during March amounted in all to Rs 11000. Out of these cheques for Rs 3000 were unpaid on 31st March, 2012. The bank has wrongly debited Account No. 1 with Rs 500 in respect of a cheque drawn on Account No. 2 . The account stands debited with Rs 150 for interest and with Rs 30 for Bank charges. The bank has paid the annual subscription of Rs 100 to my club according to my instructions. The entries for interest charges and subscription have not yet been made in the cash book.
The answer given in the book is: Balance as per cash book= Rs 1780
Withdrawal column of the passbook undercast by Rs 200. What is the treatment when we consider balance as per passbook?
How to prepare a bank reconciliation statement?
the dabit balance as per of cash book of ramesh was 7500 .the following difference were found out on 31.3.2011.by totaling it with pass book
the cheaque for 1000 was sent to bank for the collection on 25 march but the cheaque of 250 were collected on 3rd april 2011.
A cheaque was given to sohan of 500 but it was not persented for payment .
The dividend of 500 was collected by the bank but it was not recorded in cash book .
rs 100 was debited as intrest by the bank and a customer deposited 500 in the bank directly .preare BRS .
the credit balance of rs.2000 in the bank column f the cash bok was carried forwaded as its debit balance. when overdraft as per passbook is starting point : 2000 will be deducted , 2000 will be added , 4000 will be deducted , 4000 will be added give answer with proper expalanation like a tution not give only the direct answer
how should we do the amended cash book? Can you please illustrate with an example?
1. CHEQUES PAID INTO BANK FOR RS 890 APPEAR TO HAVE BEEN ENETERED IN THE PASS BOOK ON FEB 2 2005.
2. A CHEQUE OF Rs 1,500 ISSUED TO KAMAL AND ANOTHER CHEQUE FOR Rs 200 ISSUED TO BALAN BEFORE 31 JANUARY HAVE BEEN PAID BY THE BANKER ON 3 FEB 2005.
3. THERE WAS A DEBIT IN THE PASSBOOK FOR Rs 300 IN RESPECT OF A DISHONOURED BILL.
4. THE BANK HAD CREDITED THE PASS BOOK WITH THE Rs 475 AS INTEREST ON INVESTEMENT AND THERE WAS A DEBIT OF Rs 20 FOR BANK CHARGES. YOU ARE REQUIRED TO PREPARE A BANK RECONCILIATION STATEMENT ANND SHOW THE BALANCE AS PER CASH BOOK .
Solutions of practical problems of T.S.Grewal of chapter Bank Reconciliation Statement
​Q15. Prepare a Bank Reconciliation Statement as at 31st March, 2017, from the following informations :
(i) Bank Balance as per Cash Book Dr. On 31.3.2017 - Rs. 7,244.
(ii) Cheques deposited for collection on 29th and 30th March - Rs.10,440 out of these cheques credited by Bank upto 31.3.2017-Rs.2,218.
(iii) Cheques issued before March 31, 2017 and not presented for payment till 31.3.2017- Rs. 616.
(iv) Incidental charges with no advice to the company -Rs. 10
(v) Rs.480 and Rs.840 were two debit entries in the Pass Book, but Rs.480 has been reversed by the Bank before 31.3.2017. It is found that Rs.840 relate to the subsidiary of this company.
(vi) Transfer by Bank to another account of the company with no advice- Rs. 2,100.
[ Ans. Overdraft as per Pass Book Rs. 3, 312]
Thanks!
Prepare the bank reconciliation statement of Mohan as on 31st March, 2011 from the following information
Please solve this and explain me 2 and 8
Explain the process of preparing bank reconciliation statement with amended cash balance.
Prepare a bank reconciliation statement from the following particulars:
Bank Overdraft as per cash book Rs 8000
Cheques deposited in bank but no entry was passed in the cash book Rs 300
Cheque received but not sent to bank Rs 1000
Credit side of bank column cash short Rs 100
Insurance premium paid directly by bank as per standing advice Rs 500
Bank charges entered in cash book twice Rs 10
Cheques returned back but no entry passed Rs 400
Cheques’ issued’ returned back on account of technical grounds Rs 300
Bills directly collected by bank Rs 2000
Bank charges debited by bank Rs 12
Cheques received entered twice Rs 500
Bills discounted dishonoured Rs 4000
State which items will require adjustment in the books of accounts.
Prepare BRS for the following:
i) Debit balance as per cah book- XXX
ii) A cash discount allowed of Rs. 112 was recorded as Rs. 121 in the bank column.
(And please explain me how it happened.)
solutions of t.s. grewal's financial accounting
On 30th June, 1994, the bank column of Mohan Kapoor's cash book showed a debit balance of Rs 12,000. On cheching the cash book with bank statement ryou find that:-
what effect will it create if we are going for overdraft as per pas book
prepare a BRS for the following
1.overdraft as per pass book-7600
2.cheques deposited but not collected by bank -8560
3.incidental charges paid by bank but not recorded in cash book -80
4.chques issued but not presented for payment-3400
5.insurance premium paid by bank not recorded in cash book-4200
6.on 31 december cash deposited in bank Rs.385 but the cashier debited the bank column with Rs.485 by mistake.
From the following particulars prepare bank reconciliation statement as on 31st Dec., 2012:
(a) Debit balance as per cash book Rs 10000
(b) A cheque for Rs 500 issued in favour of Rajni has not been presented for payment.
(c) A bill for Rs 700 retired by bank under a rebate of Rs 20, the full amount of the bill was credited in Cash Book.
(d) A cheque for Rs 295 deposited in bank has been dishonoured.
(e) A sum of Rs 800 deposited in the bank has been credited as Rs 80 in the Pass Book.
(f) Payment side of Cash Book has been under cast by Rs 100.
The answer given in the book is : Balance as per pass book Rs 9405help me ques no.25 of brs dk goel book
When Debit Balance (Favourable Balance) as per Cash Book is Given.
Question 1. Rim Zim Ltd. maintains a current account with the State Bank of India. On 31st arch, 2010, the bank column of its cash book showed a debit balance of Rs 1,54,300. However, the bank statement showed a different balance as on that date.
The folllowing were the reasons for the difference:
Find out the balance as per the bank statement as on 31st March, 2010.
Question 2. The balance of cash at bank as shown by the Cash Book of Pan & Co. on 31st December, 2010, was Rs 7,500. On checking the entries in the Cash Book with the Pass Book, it was ascertained that cheques of Rs 500 and Rs 700 respectively paid in on 30th December, were not credited until the 2nd January following and three cheques of Rs 600, Rs 800 and Rs 1,200 issued on the 28th December were not presented until the 3rd of January. There was a credit of Rs 125 in the Pass Book in respect of interest under date 31st December, which was not entered in the Cash Book. There were also Bank Charges debited in the Pass Book amounting in all to Rs 10 which were not entered in the Cash Book.
Prepare a Bank Reconciliation Statement as at 31st December, 2010.
Pass book Overdraft Rs 10,000 as on 31st Dec 2008
1. Items unticked in the pass book are:
(i) Incidental charges Rs 25
(ii) Dividend collected by the bank on our behalf
Prepare BRS.
I do not understand what is meant by unticked.
ncert book pg no 176 numerical problems question no 18
Q.A bill for Rs 6,900 discounted with the bank is entered in the cash book with recording the discount charge of Rs 800.
A.Discount charges of bill was omitted to be recorded in the Cash Book - 800.
can any1 plz xplain dis to me????
On comparing the cash book with passbook of Naman it is found that on March 31, 2005, bank balance of Rs 40,960 showed by the cash book differs from the bank balance with regard to the following:
(a)
Bank charges Rs 100 on March 31, 2005, are not entered in the cash book.
(b)
On March 21, 2005, a debtor paid Rs 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 Rs 12,980 were issued by the company and duly recorded in the cash book before March 31, 2005, but had not been presented at the bank for payment until after that date.
(d)
A bill for Rs 6,900 discounted with the bank is entered in the cash book with recording the discount charge of Rs 800.
(e)
Rs 3,520 is entered in the cash book as paid into bank on March 31st, 2005, but not credited by the bank until the following day.
(f)
No entry has been made in the cash book to record the dishon or on March 15, 2005 of a cheque for Rs 650 received from Bhanu.
Prepare a reconciliation statement as on March 31, 2005.
(i) Cheques of ` 20,000 were deposited in Bank on 27th March 2016, out of which cheques of ` 5,000 were cleared on 1st April, 2016. Rest are not cleared.
(ii) On 28th March, 2016, cheques were issued amounting to
` 15, 000, out of which cheques of ` 3,000 were presented in March, ` 4, 000 on 2nd April and rest were not presented.
(iii) Cheques of ` 10,000 were deposited in bank on 28th March, 2016, out of which cheques of ` 4,000 were cleared on 2nd April, 2016 and rest are dishonoured.
(iv) Interest on investment collected by bank does not appear in the cash book ` 800.
On 30th june 1994 the bank balance as per sanjay yadav,s cashbook was rs 1,500. on comparing with the passbook the following informatiopn was recieved:
1 cheques amounting to rs 7290 were issued on 28th june of which one cheque of rs1300 was presented in the bank for payment on 4th july
2cheques deposited into bank for rs 10000 but of these cheques for rs 4000 were cleared and cr. in july
3interest and dividend on investments rs 580 collocted by bank and cr. to his a/c but he did not have any information for this
4life insurance premimum rs750 paid by back according to his standing orders
5 bank charges rs 25 not recorded in the cash book
prepare a BRS
Prepare a bank reconciliation statement from the followong particulars:
PARTICULARS
(i) Bank balance as per pass book = 400000
(ii) Cheque deposited into the bank, but no entry was passed in the cash book = 5000
(iii) Cheque recieved and entered in the cash book but not sent to bank = 12000
(iv) Credit side of cash book bank column cast short = 2000
(v) Insurance premium paid directly the bank under the standing advice = 6000
(vi) Bank charges entered twice in the cash book = 200
(vii) Cheque issued but not presented to bank for payment = 5000
(viii) Cheque recieved entered twice in the cash book = 10000
(ix) Bill discounted dishonoured not recorded in the cash book = 50000
briefly explain the statement 'wrongly debited by the bank' with the help of an example.
HOW DO WE RECORD '9.'(Balance brought forward should have been 639)?
On 31st December, 2012 the bank balance as per the cash book of M/s Mahajan & Sons stood at Rs 10800. On examining the bank Current Account No. 1 , transactions with the corresponding pass book , the following facts are noticed:
(a) That a cheque for Rs 400 drawn on No. 2 Account has been wrongly debited to No. 1 Account by the bank.
(b) That a cheque for Rs 500 paid in No. 2 Account has been wrongly credited to No. 1 Account.
(c) That a cheque for Rs 300 paid in No. 1 Account stands wrongly credited to No. 2 Account.
(d) That a dishonoured cheque for Rs 200 relating to Account No. 1, the entry in respect of which has been passed through the cash book stands wrongly charged to No. 2 Account.
(e) That a cheque for Rs 1200 paid on 29.12.2012 stands credited in the pass book on 3rd January, 2012.
Prepare a bank reconciliation statement as at 31.12.2012 from the above information.
The answer given in the book is : Balance as per pass book = Rs 96001) Sunil started business with cash rs 150000.
2) he purchased a building and furniture with cash 100000.
3) he purchased goods from ram on credit rs 50000.
4) he paid cartage rs 500.
5) he sold to Shayam on credit goods costing rs 6000 for rs 9000.
6) received rent from tenants rs 1000.
7) received security deposits from tenants rs 1500
8) purchased stationary for cash rs 100
9) invested in shares (personal) rs 50000
10) received interest in cash rs 200.
11) introduced fresh capital rs 25000.
12) goods destroyed by fire rs 500.
Who prepares the Bank Reconciliation Statement?
can with example anyone is able 2 teach me B.R.S.?
what do you mean by bank reconciliation statement?
"Interest on investment collected by the bank" should this be written under add or less in the BRS? why?
bank reconcilation statement
on examining the bank pass book of green ltd., it is found that the balance shown on 31st march, 2012, the close of the company's financial year, differs from the bank of rs. 23,650 shown by the cash book on that date. from a detailed comparison of the entries it found that:
1. rs. 2,860 is entered in the cash book as paid into bank on 31 march 2012, but not credit by the bank until the following day.
2. bank charges of rs. 70 on 31st march 2012 are not entered in the cash book.
3. a bill of rs. 5,500 discounted with the bank is entered in the cash book without recording the discount charge ofrs.270.
4.cheques totalling rs. 16,720 were issued by the company and duly recorded in the cash book before 31st march ,2012, but had not been presented at the bank for payment until after that date.
5. on 25th march, 2012, a debtor paid rs. 1,000 into the company bank in settlement of his account , but no entry was made in the cash book of the company in repect of this.
6.no entry has been made in the cash book to record the dishonour on 15th march, 2012, of a cheque for rs. 550 recieved from ram babu.
1)Bank collected a cheque of 500 on behalf of shri krishnan but wrongly credited it to shri krishnan's account.
how do we solve these quest.
1.Overdraft as per cashbook is given....
Cheques of 3400...were deposited in bank on 29th septbut bank credited on 1st oct ...rs 1300 onli..and on cheque was dishonoued of rs 250 and returned by them...
Prepare brs as on 30 sept 2012
Wt does it mean when bank credits an amnt to our account?
2. Cashbook favourable bal. Is given.
A debit appeared in bank statement for rs 100 for unpaid cheque..which hqd been
over draft as per passbook 20000
interest on over draft 2000
insurance premium paid by the bank 200
cheque issued but not presented for payment 6500
cheque deposited but not yet cleared 6000
wrongly debited by the bank 500
over draft as per pass book...means,,???
cn ny1 explain..dis...pls..;p..!!
14. Prepare a bank reconciliation statement on 31 December 2009 for the following when overdraft as per book is Rs. 20,000
(1) cheques issued, but not presented for payment Rs. 25,000
(2) Interest on bank overdraft charged by the bank, but not entered in cash book Rs.1,000
(3) cheque deposited but not collected Rs.22,000.
(4) Insurance premium Rs. 500 paid by bank under s standing order but not recorded in cash book.
(i) Explain the reasons on account of which the balance as shown by the pass book does not agree with the balance as shown by the bank column of the cash book.
(ii) The bank pass book of Mr X showed an overdraft of Rs 33575 on 31st March , 2012 . On going through the pass book, the accountant found the following:
(a) A cheque of Rs 1080 credited in the pass book on March 28, being dishonoured is debited again in the pass book on 1st April, 2012. There was no entry in the cash book about the dishonour of the cheque until 15th April.
(b) Bankers had credited his account with RS 2800 for interest collected by them on his behalf, but the same had not been entered in his Cash book.
(c) Out of Rs 20500 paid in by Mr. X in cash and by cheques on 31st March, cheques amounting to Rs 7500 were collected on 7th April.
(d) Out of cheques amounting to Rs 7800 drawn by him on 27 th March, a cheque for Rs 2500 was encashed on 3rd April.
Prepare bank reconciliation statement on March 31, 2012.
The answer given in the book is : Overdraft balance as per cash book= Rs 31375
Overdraft balance as per cash book of Rs 500 on 28 feb 2018 was wrongly carried forward as debit balance.The error was noted at the time of preparing BRS as on 31 march 2018.
TS Grewalpg 12.47 Q 18 vi)
any easy way to learn b.r.s plsss reply...
brs project answers
Explain the reasons where the balance shown by the bank passbook does not agree with the balance as shown by the bank column of the cash book.
Prepare bank reconciliation statement from details given below and ascertain the balance as per Mr. Gani’s cash book as on 31st Dec., 2012:
(a) Bank overdraft balance as per pass book Rs 12000
(b) Cheques issued to creditors amounting to Rs 20000 in the month of Dec., 2012 , of which cheques worth Rs 3000 presented to bank up to 31st. Dec., 2012
(c) A cheque of Rs 6000 received from Raj was deposited into the bank account on 25th Dec.,2012 but no entry was passed in cash book. The same is collected and credited to Mr Gani’s account on 27 Dec., 2012.
(d) A cheque of Rs 2000 received from Mr. Baria on 20th Dec., 2012 was recorded in the discount column of cash book but was not banked.
(e) The pass book showed that the bank had collected Rs 4000 as interest on Government Securities. The bank had charged interest Rs 500 and bank charges Rs 200. There was no entry in cash book for the same.
a) a cheque for Rs. 5000 was drawn in favour of manoharhas not yet been presented for payment.
b) a post dated cheque for Rs. 900 has been debited in the bank column of the cash book but it could not have been presented in any case.
c) cheques totallingRs10,200 deposited with the bank have not yet been collected and an another cheque for Rs. 4000 deposited in the account has been dishonoured.
d) a bill payable for Rs. 10000 was retired by the bank under a rebate of Rs. 150 but full amount of the bill was credited in the bank column of the cash book.
prepare a bank reconciliation statement and find out the balance as per pass book.
IS CASH BOOK SUBSIDRY OR PRINCIPAL BOOK?
what will be the entry of "A discounted bill of exchange dishonoured rs.2000" in BRS..given-PASSBOOK HAVE DEBIT BALANCE....
From the following particulars prepare a Bank Reconciliation Statement on 31 March 2012:
(i) Bank Statement showed a favourable balance of 12,400
(ii) Cheques amounting to 45,000 were drawn on 27th March, of which cheques for 33,000 were encashed on 2nd april.
(iii) Bill for collection not yet reported by bank to us but credited to our account, 8,000
(iv) A bill for 10,000 was retired by the Bank under a rebate of 200 but the full amount of the bill was credited in the bank column of the cash book.
1. Tendulkar's Cash Book showed a bank overdraft of Rs.49, 350 on 30th Sept, 2012. On comparing Cash Book with the Pass Book following information were received:
Out of the cheques which were issued by Tendulkar on 20th sept.2012, cheques of Rs.3, 700 were presented to bank on 2nd Oct.2012 for payment and a crossed cheque of Rs.750 issued to Abdulla was returned by him and in exchange for it a bearer cheque issued to him on 1st Oct.2012. Cheques amounting to Rs.3400 were deposited in the bank on 29th Sept.2012 but the bank had credited on 1st Oct.2012 cheques of Rs.1300 only and one cheque of Rs.250 was dishonoured and returned by them. According to Tendulkar's standing order the Bank had paid to his creditor's interest of Rs.320 on 30th Sept.2012, his quarterly policy premium Rs.160 and second call of Rs.600 on shares subscribed for by him. Bank received dividend of Rs.150 and received insurance claim money Rs.800 on his behalf. On all these bank expenses amounted to Rs. 15. On receipt of this information Ramesh made necessary entries in his Cash Book on SiI Oct.2012.
His bank had wrongly credited Rs.500 and wrongly debited Rs.300 to his bank account. Prepare Bank Reconciliation Statement as on 30th Sept.20 12 and in the books of Tendulkar.
quest 2
Satheesh Traders received a Bank Statement showing a favourable balance of Rs.I0,392 for the period ended on 301h June,2010, this did not agree with the balance in the cash book.
An examination of the Cash Book and Bank Statement disclosed the following:
1) A dposit of 3000 paid on 29th june 2010 had not been credited by the bank until 1 july 2010
„.
3) On 30th March,2010 the firm had entered into hire purchase agreement to pay by bankers order a sum of Rs.3,000 on the 10th of each month, commencing from Apri1,2010. No entries had been made in Cash Book.
4. A customer of the firm, who received a cash discount of 4% on his account of Rs.4,000 paid the firm a cheque on 12th June. The cashier erroneously entered the gross amount in the bank column of the Cash Book.
5. Bank charges amounting to Rs.300 had not been entered in Cash Book
6. On 28th june, a customer of the firm directly deposited the amount in the bank Rs.4,000, but no entry had been made in the Cash Book.
7. Rs,1,200 paid into the bank had been entered twice in the Cash Book.
8. A debit of Rs. 100 appeared in the Bank Statement for an unpaid cheque, which had been returned marked 'out of date'. The cheque had been re-dated by the customer and paid into Bank again on 5th July,2010.
Prepare Bank Reconciliation Statement on 30th June,2010.