What does cheque issued but not cleared mean

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

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?

What is a bank reconciliation statement? Why is it prepared?

difference between cashbook and passbook

Interest allowed by bank is interest credited or interest debited by bank into our account ?

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?

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

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.

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:-

1. Cheques paid into bank Rs 8,000, but out of these only cheques of Rs 6,500 were cleared and credited bt hte bankers upto 30th June.
2. Cheques of Rs 9,200 were issued but out of these anly cheques of Rs 7,000 were presented for payment pto 30th June.
3. The receipt column of the cash book has been undercast by Rs 200.
4. The pass book shows a credit of Rs 330 as interest on investments collected by bankers and debit of Rs 60 for bank charges.
5. On 29th June a customer deposited Rs 3,000 direct in the bank account but it was entered only in the Pass book.

From the following particulars prepare bank reconciliation statement as on 31^st 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.

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:

1. Cheques deposited, but not yet credited by the bank. Rs 75,450
2. Cheques issued, but not yet presented for payment. Rs 80,760
3. Bank charges not yet recorded in the cash book. Rs 1,135
4. Cheques received by the bank directly from trade debtors. Rs 1,35,200
5. Insurance premium paid by the bank as per standing instructions, but not yet recorded in the cash book. Rs 15,400
6. Dividend collected by the bank, but not yet recorded in the cash book. Rs 1,000

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.

help me ques no.25 of brs dk goel book

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 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

1. Tendulkar's Cash Book showed a bank overdraft of Rs.49, 350 on 30^th Sept, 2012. On comparing Cash Book with the Pass Book following information were received:

Out of the cheques which were issued by Tendulkar on 20^th sept.2012, cheques of Rs.3, 700 were presented to bank on 2^nd 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 1^st Oct.2012. Cheques amounting to Rs.3400 were deposited in the bank on 29th Sept.2012 but the bank had credited on 1^st 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 30^th 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 Si_I Oct.2012.

His bank had wrongly credited Rs.500 and wrongly debited Rs.300 to his bank account. Prepare Bank Reconciliation Statement as on 30^th 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 30^1h 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 29^th june 2010 had not been credited by the bank until 1 july 2010

„.

3) On 30^th March,2010 the firm had entered into hire purchase agreement to pay by bankers order a sum of Rs.3,000 on the 10^th 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 12^th 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 28^th 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 5^th July,2010.

Prepare Bank Reconciliation Statement on 30^th June,2010.

 briefly explain the statement 'wrongly debited by the bank' with the help of an example.

Prepare bank reconciliation statement from details given below and ascertain the balance as per Mr. Gani’s cash book as on 31^st 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 31^st. Dec., 2012

(c) A cheque of Rs 6000 received from Raj was deposited into the bank account on 25^th 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 20^th 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.

Prepare the bank reconciliation statement of Mohan as on 31st March, 2011 from the following information

1. Balance as per passbook (debit) rs 31.700
2. Bank collected a cheque of Rs 3,200 on behalf of Dheeraj but wrongly credited to Mohan Account
3. Withdrawal column of cashbook was undrcast by 870
4. Cheque of Rs 6,782 deposited into bank was recorded as 8,762 in passbook
5. A cheque of Rs 9,000 collected from Megha was debited in the passbook
6. Passbook showed a credit for a cheque amounting Rs 6,800 deposited by Dheeraj
7. Cheque of Rs 5,100 issued ot Divya was recorded twice in the passbook.
8. A cheque of Rs 6,400 deposited was taken in the cash column

Please solve this and explain me 2 and 8

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.

Who prepares the Bank Reconciliation Statement?

what do you mean by bank reconciliation statement?

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

(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 31^st 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 1^st April, 2012. There was no entry in the cash book about the dishonour of the cheque until 15^th 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 31^st March, cheques amounting to Rs 7500 were collected on 7^th April.

(d) Out of cheques amounting to Rs 7800 drawn by him on 27 th March, a cheque for Rs 2500 was encashed on 3^rd April.

Prepare bank reconciliation statement on March 31, 2012.

The answer given in the book is : Overdraft balance as per cash book= Rs 31375

over draft as per pass book...means,,???

cn ny1 explain..dis...pls..;p..!!

any easy way to learn b.r.s plsss reply...