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Bank Reconciliation Statement Account - Bank Reconciliation Statement

Gujarat Board (GSEB) - STD 11 Commerce - Account (GSEB - English Medium). 42 questions in this chapter.

Question types

Bank Reconciliation Statement question types

42 questions across 3 question groups — pick any mix to generate a Account paper with step-by-step answer keys.

42
Questions
3
Question groups
5
Question types
Sample Questions

Bank Reconciliation Statement questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 1MCQ .(1 Marks)1 Mark
Due to _____________ no difference arises between balance as per cashbook and pass book.
  • A
    cheque deposited but not credited in pass book
  • B
    cheque drawn but not presented in bank
  • C
    amount directly deposited with bank by a customer
  • D
    cheque deposited, recorded properly in cashbook and pass book both.
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Q 2MCQ .(1 Marks)1 Mark
If cheques drawn but not recorded in cashbook; not presented in bank, bank balance as per cashbook compared to pass book is ____________ .
  • A
    more
  • B
    less
  • C
    same as per pass book and cashbook
  • D
    can not be decided
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Q 3MCQ .(1 Marks)1 Mark
If bills receivable are discounted with bank is dishonored; not recorded in cashbook bank balance as per cashbook compared to pass book is ____________ .
  • A
    more
  • B
    same in pass book and cashbook
  • C
    less
  • D
    can not be decided
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Q 5MCQ .(1 Marks)1 Mark
____________ is necessary for preparing bank reconciliation statement.
  • A
    Only cashbook
  • B
    Only pass book
  • C
    Journal and ledger
  • D
    Cashbook and pass book both
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Q 11Give Answer As Asked .(6 Marks)6 Marks
From the following information, prepare bank reconciliation statement of Anushri
Bank Pass book
Date Particulars Debit(₹) Credit(₹) Balance (₹)
$2018$
Oct.		        
$1$ Opening balance - $30,000$ $30,000$
$1$ Poonam's A/c $4000$   $26,000$
$7$ Ihina's A/c $5000$ - $21,000$
$12$ Mamta's A/c - $2700$ $23,700$
$14$ Loan A/c $30,000$ - $(6300)$
$18$ Interest on overdraft A/c $200$ - $(6500)$
$23$ Cash A/c - $5000$ $(1500)$
$31$ Closing balance - $1500$ $(1500)$
    39,200 39,200  
Cashbook (Bank column)
Date Particulars (Receipt) ₹ Date Particulars (Payment) ₹
$2018$
Oct.		     $2018$
Oct.		    
$1$ To balance b/d $26,000$ $10$ By loan A/c $3000$
$4$ To Ihina's A/c (Cheque issued for payment of salary) $9000$      
$8$ To Mamta's A/c $2700$ $31$ By balance b/d $39,700$
$23$ To cash A/c $5000$      
    42,700     42,700
Nov.
$1$		 To balance b/d $39,700$      
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Q 12Give Answer As Asked .(6 Marks)6 Marks
From the following information, prepare bank reconciliation statement of Shri Parshvi:
Dr Cashbook (Bank column) Cr
Date Particulars (Receipt) ₹ Date Particulars (Payment) ₹
$2018$
Aug.		     $2018$
Aug.		    
$1$ To balance b/d $13,000$ $3$ By electricity expense A/c (Cheque issued to electricity company) $3200$
$4$ To Nimish's A/c $7640$ $6$ By Rahil's A/c $7800$
$7$ To Bela's A/c $5360$ $7$ By Param's A/c $6000$
      $31$ By balance c/d $9000$
    26,000     26,000
Sep.          
$1$ To balance b/d $9000$      
Pass book
Date Particulars Debit (₹) Credit (₹) Balance (₹)
$2018$
Aug.		        
$1$ Opening balance - $13,600$ $13,000$
$5$ Dividend A/c - $600$ $13,600$
$8$ Electricity company A/c $3200$ - $10,400$
$13$ Nimish's A/c - $7640$ $18,040$
$20$ Insurance premium A/c $5000$ - $13,040$
$26$ Bank interest - $260$ $13,300$
$31$ Closing balance $13,300$ - $13,300$
    21,500 21,500  
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Q 13Give Answer As Asked .(6 Marks)6 Marks
Bank column of cashbook of a Patel Traders shows credit balance $₹ 8200$ on $30-9-2018$.
This balance differs from bank balance as per pass book.
From the following information, prepare rectified cashbook and bank reconciliation statement as on $30-9-2018$.
$(1)$ Cheque issued but not presented $₹ 3000$.
$(2)$ Cheque directly deposited by a customer in bank account $₹ 6400$.
$(3)$ Dividend collected by bank and credited in pass book but not recorded in cashbook $₹ 300$.
$(4)$ Cheque paid into bank but not collected $₹ 3500$.
$(5)$ A bills receivable of $₹ 3500$ discounted with the bank is dishonored and debited by bank is pass book including dishonor charges $₹ 100$, which is not recorded in cashbook.
$(6)$ Bank charges debited by bank $₹ 80$ not recorded in cashbook.
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Q 14Give Answer As Asked .(6 Marks)6 Marks
Cashbook of Shri Gupta shows debit balance of $₹ 12,000$ on $31-8-2018$.
$(1)$ Out of cheques of $₹ 40,000$ drawn during the month of August, cheques of $ ₹ 12,000$ were presented in the month of september.
$(2)$ Out of cheques of $₹ 78,000$ deposited with bank during the month of August, cheques of
$₹ 60,000$ were credited in pass book by the bank by $31-8-2018$.
$(3)$ Debit side of bank column in cashbook is overcast by $₹ 1800$.
$(4)$ Interest credited by bank $₹ 700$ is debited in cashbook by $₹ 70$.
$(5)$ A cheque received from Pankaj $₹ 6300$ is debited in cash column of cashbook. The same cheque is credited in pass book on $30-8-2018$.
$(6)$ A demand draft of $₹ 5000$ was issued by bank in favour of creditor Agrawal, which is not recorded in cashbook.
Prepare rectified cashbook from above information and prepare bank reconciliation statement as on $31-8-2018$.
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Q 15Give Answer As Asked .(6 Marks)6 Marks
Sri Jagmal is having two accounts with State Bank of India. Account no. $440$ and account no. $441$. Account no. $440$ is current account of business while account no. $441$ is savings account which is his personal account.
On $31-8-2018$, account no. $440$ shows bank overdraft of $₹ 5000$ as per cash book while pass book of account no. $441$ shows bank balance of $₹ 22,000$ on the same day.
From the following information, prepare bank reconciliation statement of account no. $440$ for the month of August.
$(1)$ A cheque of $₹ 8000$ received from a debtor was deposited in account no. $441 $ instead of account no. $440$ by mistake. Out of these, cheques of $₹ 6000$ were collected by bank and credited in account no. $441$ during the month of August. Remaining cheques are not collected.
$(2)$ A cheque of $₹ 4300$ for life insurance premium issued from account no. $441$ was debited by bank in account no. $440$.
$(3)$ Interest on his personal investment, $₹ 3000$ is credited by bank in account no. $440$ instead of account no. $441$.
$(4)$ He issued cheque of $₹ 8000$ from account no. $441 $ for repayment of his personal loan is credited in bank column of cashbook of business by mistake. The same cheque is not presented for payment till $31$st August.
$(5) ₹ 70$ for bank charges recovered by bank from account no. $441$ is debited in bank Column of cashbook of business.
$(6) ₹ 3000$ deposited directly by a customer in account no. $440$ is credited by bank in account no. $441$ by mistake. This transactions are not recorded in cashbook.
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