Bank Reconciliation Statement — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Rectify the following errors through Suspense Account :
1) Purchase of goods from Sachin for ₹ 3,000/- was entered in the Sales Book, however Sachin’s
Account was correctly credited.
2) Cash received from Anilkumar a debtor ₹4,500/- was correctly entered in the Cash Book but
was omitted to be posted to his account.
3) Sales Book was overcast by ₹ 2,000/-.
4) Cash of ₹5000 paid to Sadik was credited to Sabir A/c as ₹ 1,800/-.
5) The total of Purchase Returns Book of ₹3,150/- was carried forward as ₹1,530/-
6) Cash paid to Shweta ₹ 7,500/- was debited to Ankita A/c by ₹7,000/-.

Rectify the following errors:
1) Goods for ₹7,500/- were purchased from Vaishali Traders on credit, but no entry has yet been
passed.
2) Purchase return for ₹ 2,000/- not recorded in the books.
3) Goods for ₹ 3,000/- sold to Anjali Traders on Credit were entered in Sales Book as ₹ 300 only
4) Goods of the value of ₹ 2,000/- returned by Sumit & Co. were included in stock, but no entry
was passed in the books.
5) Goods purchased for ₹ 1,200/- entered in the Purchases Book as ₹12,000/-
6) An invoice for goods sold to Neeta was overcast by ₹200/-

From following transactions related to Sundar and Co. Prepare Cash Book with two
columns

Date	Details	Amount (₹)
2018 Sept 01	Bank Balance	52,000
01	Cash Balance	15,000
04	Purchased goods and payment made by cheque	15,000
08	Sold goods for cash	8,000
13	Purchased Machinery and payment made by cheque	10,000
16	Sold goods and received cheque (deposited same day)	12,000
17	Purchased goods for cash from Mrunal	18,000
20	Purchased Stationery and paid by cheque	2,100
24	Cheque given to Avadhut	1,800
27	Cash withdrawn from Bank	12,000
30	Paid Rent by cheque	500
30	Paid Salary	4,000

Give the accounting equation for the following transactions1) Rupali commenced business with bank balance ₹ 25,000.
2) Purchased Machinery for cash ₹ 5,000.
3) Bought goods from Swara worth ₹ 3,000 on credit.
4) Paid for Salaries ₹ 3,000.
5) Received Interest ₹ 200.

Prepare a simple cash book from the following information:
2019 January
1 Mr. Ashvin started the business with cash of ₹ 95,000.
3 Purchased furniture for office use ₹ 17,500.
4 Purchased goods worth ₹ 11,000.
7 Purchased machinery for ₹ 15,000.
10 Sold goods of ₹ 14,300 to Sandeep Traders for cash.
13 Received from Suyash ₹ 9,000.
15 Withdrew ₹ 2,500 from business for personal use.
19 Borrowed loan from Mr. Tilak ₹ 40,000.
22 Purchased goods of ₹ 14,000 at 5% trade discount.
26 Paid salary to staff ₹ 18,000.
29 Paid carriage on goods purchased ₹ 1,400.
30 Paid electricity bill ₹ 4,980.
31 Deposited into bank ₹ 7,000.

Calculate the following: Paid Transport charges ₹ 10,000 @ 5% GST. Calculate CGST & SGST.

Pass necessary Journal Entries for the following transactions and show Cash Account only.
2019
Mar. 1 Cash Balance ₹ 10,000.
6 Bought Goods ₹ 2,500.
7 Received from Sudhir ₹ 3,000.
10 Paid to Madhuri ₹2,000.
12 Cash Sales ₹7,000.
20 Paid Rent ₹ 3,500.

The Cash Book of Pankaj shows a credit balance of ` 32,490 in the bank column on 30th September
2018. Prepare Bank Reconciliation Statement as on 30th September 2018.
i) Three cheques of ` 8,200, ` 11,360 and ` 16,440 were deposited into bank but only a cheque of
`11,360 was credited by bank before 30th September 2018.
ii) Cheques issued but not encashed before 30th September 2018 was ` 93,000.
iii) Bank charges for issue of cheque book ` 250 and SMS alerts ` 170 was debited in Pass Book only
iv) Mr. Shreyans transferred ` 1,23,200 through NEFT but was wrongly debited with ` 12,320 in
our Cash Book.
v) Receipt side of Pass Book was undercast by ` 1,000.
vi) Dividend collected and credited by bank ` 12,500, was not entered in Cash Book.

Calculate the following: Received cheque of ₹ 90,000 from Kiran in full settlement of his account ₹ 1,00,000/-. Calculate discount rate.