Credit balance as per pass book means$………$
- ABank overdraft
- ✓Bank balance
- CBalance on which bank charges interest from a trader
- Dand both
Answer: B.
View full solution →Question types
P1 C11 Bank Reconciliation Statement question types
70 questions across 6 question groups — pick any mix to generate a Account paper with step-by-step answer keys.
70
Questions
6
Question groups
5
Question types
01
MCQ .(1 Marks)
10 Q→02Answer In One Or Two Sentence .(1 Marks)
7 Q→03questions in two to three sentences . (2 Marks)
5 Q→04Give Answer As Asked .(4 Marks)
1 Q→05Give Answer As Asked .(6 Marks)
31 Q→06Give Answer As Asked .(12 Marks)
16 Q→Sample Questions
P1 C11 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.
Bank overdraft as per cash book means$…………$
- Adebit
- ✓credit
- Cdebit or credit
- Ddebit and credit
Answer: B.
View full solution →Bank balance as per cash book means$………….$ balance.
- ✓debit
- Bcredit
- Cdebit or credit
- Ddebit and credit
Answer: A.
View full solution → A statement of transaction with bank is sent by$………$ to $………$
- ATrader, customers
- BTrader, bank
- ✓Bank, trader
- DCustomers, trader
Answer: C.
View full solution →$………$can be known by preparing bank reconciliation statement.
- AErrors committed in pass book
- BErrors committed in cash book
- CTransaction not recorded in pass book and cash book.
- ✓All of the above
Answer: D.
View full solution →Give the reason for bank balance means credit balance as per passbook and debit balance asper cash book.
What is the other name of the bank reconciliation statement?
If total of debit column in passbook and total of credit side in cash book is more, what is it?
Which transactions are not recorded in a bank reconciliation statement?
Which transactions are recorded in a bank reconciliation statement?
Passbook shows debit balance of $Rs. 6,000$ on $30-4-2016$, interest allowed by bank $Rs. 200$ and bank charges of $Rs. 50$ collected by the bank are not recorded in cash book, while cheques of $Rs. 4,000$ are drawn but not presented for payment. A bills receivable of $Rs. 7,000$ maturing on $2-5-2016$ was sent for collection to bank on $29-4-2016$. What is the balance as per cash book on $30-4-2016?$
View full solution →Cashbook of Ramesh shows bank balanceRs. $10,000$ on $31-3-2016$. On $31-3-2016$ chequesreceived from customers of $Rs. 5,000$ are yet to be deposited with bank while cheques of $Rs. 7,000$drawn on $31-3-2016$ are not presented for payment. A cheque of $Rs. 8,000$ was deposited withbank on $29-3-2016$ which is dishonoured, which is yet to be recorded in cashbook. What is thebank balance as per passbook on $31-3-2016?$
View full solution →Explain the role of debit and credit to record the difference in the bank reconciliation statement.
State three reasons for difference between balance as per cashbook and passbook.
What is bank Reconciliation Statement?
From the following transactions, prepare a bank reconciliation statement of Shri Jaimini as on $31-3-2015$. On $31-3-2015$ as per cashbook bank column, debit balance was $₹ 12,000$ whereas per passbook credit balance of bank was $₹ 8300.$
View full solution →| $(1)$ | A cheque of $₹ 6000$ is deposited in a bank on $28-3-2015$, but till $31-3-2015$ bank has not credited the same, in Shri Jaimini's account. |
| $(2)$ | Interest of $₹ 400$ is credited by bank in Shri Jaimini's account, which is not recorded in cashbook. |
| $(3)$ | A cheque of $₹ 2000$ is drawn and issued to Dev on $31-3-2015$, which is yet not presented for payment in bank. |
| $(4)$ | Bank has debited bank charges of $₹ 100$ in the account of Shri Jaimini, which remains unrecorded in cashbook. |
From the following information, prepare a bank reconciliation statement of Parth as on $31-12-2015.$
View full solution →| $(1)$ | Cheque of $₹ 30,000$ is deposited, but not credited by bank. |
| $(2)$ | Cheque of $₹ 15,000$ is issued, but not presented. |
| $(3)$ | Cheque of $₹ 20,000$ received and recorded in cashbook but not deposited with bank. |
| $(4)$ | Cheque deposited with bank is dishonoured, which is not recorded in cashbook $₹ 2400.$ |
| $(5)$ | Interest on investment collected by bank $₹ 700,$ which is not recorded in cashbook. |
| $(6)$ | Demate charges paid by bank as per the instruction of Parth $₹ 400,$ which is not recorded in cashbook. |
| $(7)$ | Cash purchase recorded on payment side of the cashbook in bank column, $₹ 5000 .$ |
| $(8)$ | Cheque drawn but not given to creditor, $₹ 7000 .$ |
| $(9)$ | Cheque issued by Parth out of his personal account which is debited by bank in the account of business, $₹ 8100.$ |
| $(10)$ | Payment side of bank column in cashbook over cast $₹ 900 .$ |
| $(11)$ | Cheque drawn $₹ 2700$ is dishonoured on technical ground, dishonour of cheque is not recorded is cashbook. |
| $(12)$ | Interest credited by bank $₹ 500$ and commission debited by bank $₹ 100 ,$ not recorded in cashbook. Passbook of Parth showed overdraft of $₹ 2000$ on $31-12-2015.$ |
Prepare a bank reconciliation statement of Faisal for July $2015$ from the following information :
View full solution →| $(1)$ | Bank overdraft as per cashbook $(31-7-2015) ₹ 2500 $ Bank overdraft as per passbook $(1-7-2$rho $1515) ₹ 2000$ |
| $(4)$ | Interest credited by bank $₹ 300$ is recorded on the payment side of cashbook by mistake. |
| $(5)$ | Bank has collected $₹ 800$ on behalf of Faisal, which is yet to be recorded in cashbook. |
| $(6)$ | Interest on overdraft $₹ 100$ is recorded in passbook by bank but it is not recorded in cashbook. |
| $(7)$ | Sales made through cheque $₹ 1200$ is recorded by bank in the personal account of Faisal. |
| $(8)$ | On request of Faisal, bank has waived bank charges of $₹ 120 $, which is credited in passbook but not recorded in cashbook. |
| $(9)$ | Cheque of $₹ 3000$ drawn but signature on the same is forgotten and the cheque is returned by bank to Faisal. |
| $(10)$ | Bank has collected $₹ 4000$ for a bill sent to bank for collection, which is yet to be recorded in the cashbook. |
Bank balance as per cashbook of Rucha on $28-2-2015$ was $₹ 10,000$ does not tally with the balance as per passbook. Prepare a cashbook of Rucha from the following information :
View full solution →| $(1)$ | Cheques of $₹ 10,000$ were deposited with bank, out of which cheques of $₹ 4000$ are credited in bank till $28-2-2015.$ |
| $(2)$ | A cheque of $₹ 4000$ is issued and recorded in cashbook, but it is forgotten to be given to customer. |
| $(3)$ | Insurance premium of $₹ 12,000$ is paid by bank which is not recorded in cashbook. |
| $(4)$ | A customer has deposited directly $₹ 20,000$ in Rucha's account which is known to Rucha on $1-3-2015.$ |
| $(5)$ | Bank charges of $₹ 100$ recorded by the bank is recorded twice in the cashbook by mistake. |
| $(6)$ | Cheque of $₹ 6000,$ deposited with bank on $27-2-2015,$ is dishonoured. The information is received by Rucha on $3-3-2015.$ |
| $(7)$ | Cheques of $₹ 8000$ were issued, out of which cheques of $₹ 2000$ were presented in bank on $1-3-2015.$ |
| $(8)$ | A cheque of $₹ 4000$ deposited which is not recorded in cashbook. This cheque is not collected by bank till $28-2-2015.$ |
| $(9)$ | Bank has credited $₹ 200$ for bank interest and debited $₹ 100$ for bank charges in passbook. |
| $(10)$ | Receipt side of cashbook is over cast by $₹ 4000.$ |
| $(11)$ | Bills receivable of $₹ 5000$ discounted with bank is dishonoured on $26-2-2015$ and bank has debited the same along with noting charges $₹ 50.$ Entry for dishonour of the bills receivable is not made in cashbook till $28-2-2015.$ |
| $(12)$ | Bills payable of $₹ 3000$ maturing after one month was retired by the bank under rebate of $₹ 100$ on $28-2-2015$ which is not recorded in the cashbook. |
| Illustration $5 :$ Prepare a bank reconciliation statement according to the the Debit-Credit column (method) for the question given in illustration $3$ |
Prepare bank reconciliation statement of Dharamsinh as on $29-2 - ‘16:$
$(1 )$ Cheque deposited but not collected $Rs.5,200.$
$(2)$ Cheque drawn but not presented in bank $Rs.37,000.$
$(3)$ Cheque received is recorded in cashbook but not sent for deposit in bank $Rs.9,900.$
$(4)$ Cheque deposited with bank is dishonoured, which is not recorded in cashbook $Rs. 1,650.$
$(5 )$ Interest on investment collected by bank $Rs.1,900.$
$(6)$ Demate charges paid by bank $Rs.1,320$ as per instruction of Dharamsinh, which is not recorded in cashbook.
$(7)$ Cash purchase, recorded on payment side of cashbook in bank column $Rs.8,300.$
$(8 )$ Cheque drawn but not given to creditor $Rs.4,160.$
$(9)$ Cheque drawn by Dharamsinh from his personal account, debited by bank in business bank account $Rs.3,340.$
$(10)$ Payment side of bank column in cashbook is overcast $Rs.1,180.$
$(11)$ Cheque drawn $Rs.6,400$ dishonoured on technical ground, dishonour of cheque is not recorded in cashbook.
$(12)$ Interest credited by bank $Rs.1,240$ and commission debited by bank $Rs. 1,160$, not recorded in cashbook. Passbook of Dharamsinh showed overdraft of $Rs.4,000$ on $29-2- ‘16.$
View full solution →$(1 )$ Cheque deposited but not collected $Rs.5,200.$
$(2)$ Cheque drawn but not presented in bank $Rs.37,000.$
$(3)$ Cheque received is recorded in cashbook but not sent for deposit in bank $Rs.9,900.$
$(4)$ Cheque deposited with bank is dishonoured, which is not recorded in cashbook $Rs. 1,650.$
$(5 )$ Interest on investment collected by bank $Rs.1,900.$
$(6)$ Demate charges paid by bank $Rs.1,320$ as per instruction of Dharamsinh, which is not recorded in cashbook.
$(7)$ Cash purchase, recorded on payment side of cashbook in bank column $Rs.8,300.$
$(8 )$ Cheque drawn but not given to creditor $Rs.4,160.$
$(9)$ Cheque drawn by Dharamsinh from his personal account, debited by bank in business bank account $Rs.3,340.$
$(10)$ Payment side of bank column in cashbook is overcast $Rs.1,180.$
$(11)$ Cheque drawn $Rs.6,400$ dishonoured on technical ground, dishonour of cheque is not recorded in cashbook.
$(12)$ Interest credited by bank $Rs.1,240$ and commission debited by bank $Rs. 1,160$, not recorded in cashbook. Passbook of Dharamsinh showed overdraft of $Rs.4,000$ on $29-2- ‘16.$
From the following information of Sakshi prepare $B. R. S.$Cash Book (Bank Column) Credit
Pass Book
View full solution →| Date | receipts | R. No. |
L. No. |
Amount (Rs.) | Date | Payment | V. No. |
L. No. |
Amount (Rs.) |
| $2016$ | $2016$ | ||||||||
| Aug. $4$ | To Juhi A/C | $3,000$ | Aug. 1 | By balance b/f | $2,500$ | ||||
| $6$ | To Raj A/c | $1,800$ | $2$ | By insurance premium A/c | $5,000$ | ||||
| $11$ | To Rajul A/c | $1,400$ | $3$ | By Rahul A/c | $500$ | ||||
| $18$ | To Megha A/c | $1,560$ | $5$ | By Tanmay A/c | $700$ | ||||
| $28$ | To Burkhu A/c | $1,340$ | $10$ | By Chintan A/c | $240$ | ||||
| $30$ | To Dividend A/c | $2,000$ | $14$ | By salary A/c(Tanmay) | $800$ | ||||
| $31$ | To Balance o/f | $3,470$ | $24$ | By commission A/c (Vikas) | $750$ | ||||
| $29$ | By Vidhi A/c | $1,000$ | |||||||
| $30$ | By Raja A/c | $2,400$ | |||||||
| $31$ | By Rani A/c | $680$ | |||||||
| $14,570$ | $14,570$ | ||||||||
| $2016$ | |||||||||
| Sept. $1$ | By balance b/f | $3,470$ |
| Date | Particulars | Debit (Rs.) | Credit (Rs.) |
Balance(Rs.) |
| $2016$ | ||||
| Aug. $1$ | Balance b/f | $2,500$ | - | $2,500$ |
| $2$ | Insurance company A/c | $5,000$ | - | $7,500$ |
| $4$ | Juhi A/c | - | $3,000$ | $4,500$ |
| $6$ | Raj A/c | - | $1,800$ | $2,700$ |
| $11$ | Rajul A/c | - | $1,400$ | $1,300$ |
| $14$ | Tanmay A/c | $800$ | - | $2,100$ |
| $24$ | Vikas A/c | $750$ | - | $2,850$ |
| $29$ | Vandana A/c | $2,000$ | - | $4,850$ |
| $30$ | Dividend A/c | - | $2,000$ | $2,850$ |
| $31$ | Rani A/c | $680$ | - | $3,570$ |
| $31$ | Bank interestA/c | $180$ | - | $3,710$ |
| $31$ | Balance o/f | - | $3,710$ | $3,710$ |
| Sept. $1$ | Balance b/f | $3,710$ | - | - |
Prepare $B. R S.$ from the following information of Rampyari.Debit cash Book (Bank Column) credit
Bank Passbook
View full solution →| Date | receipts | R. no. | L. no. | Amount | Date | Payment | V. no. | L. no. | Amount |
| $2016$ | $2016$ | ||||||||
| Jan. $1$ | To balance b/f | $7,000$ | Jan. $4$ | By Zalak A/c | $4,000$ | ||||
| $3$ | To Virag A/c | $3,000$ | $5$ | By Prakshal A/c | $2,000$ | ||||
| $6$ | To Manush A/c | $7,000$ | $8$ | By shop rent A/c | $3,000$ | ||||
| $15$ | To parshwa A/c | $1,500$ | (cheque given to parth) | ||||||
| $20$ | To Interest A/c | $100$ | $10$ | By AbhishekA/c | $1,000$ | ||||
| $25$ | To Deven A/c | $380$ | $15$ | By vikas soni A/c | $1,000$ | ||||
| $20$ | By sales tax A/c | $1,500$ | |||||||
| $25$ | By Chavda A/c | $500$ | |||||||
| $29$ | By Bosky Shah A/c | $180$ | |||||||
| $31$ | By Balance of | $5,800$ | |||||||
| $18,980$ | $18,980$ | ||||||||
| $2016$ | |||||||||
| Feb. $1$ | To balance b/f | $5,800$ |
| Date | Particulars | Debits (Rs.) | Credit (Rs.) | Balance(Rs.) |
| $2016$ | ||||
| Jan. $1$ | Balance b/f | - | $7,000$ | $7,000$ |
| $3$ | Virag A/c | - | $3,000$ | $10,000$ |
| $4$ | Zalak A/c | $4,000$ | - | $6,000$ |
| $5$ | Kishan A/c | - | $700$ | $6,700$ |
| $8$ | Parth A/c | $3,000$ | - | $3,700$ |
| $15$ | Vikas soni A/c | $1,000$ | - | $2,700$ |
| $20$ | Interest A/c | - | $100$ | $2,800$ |
| $25$ | Deven A/c | - | $380$ | $3,180$ |
| $29$ | Bosky shah A/c | $180$ | - | $3,000$ |
| $31$ | Bank interest A/c | - | $100$ | $3,100$ |
| $31$ | Pravin A/c | - | $1,000$ | $4,100$ |
| $31$ | Insurance premium A/c | $1,400$ | - | $2,700$ |
| $31$ | Balance o/f | $2,700$ | - | $2,700$ |
| $12,80$ | $12,280$ | - |
Prepare a bank reconciliation statement of Priyal for December, 2015 from the information given below:
$(1 )$ Bank overdraft as per cashbook (Dt. $31 – 12- ‘15$) $Rs.710.$ Bank overdraft as per passbook (Dt. $1 – 12- ‘15$) $Rs.261$.
$(2 )$ Information of cheques deposited and credited in passbook is as under:
$(3 )$ Information of cheques drawn and presented in bank is as under:
$(4)$ Interest $Rs.400$ credited by bank in passbook is recorded on payment side in cashbook by mistake.
$(5)$ Bank has collected dividend of $Rs.360$ on behalf of Priyal which is not recorded in cashbook..
$(6)$ Bank has recorded interest on overdraft $Rs.120$ in passbook but this transaction is not recorded in cashbook.
$(7)$ Sales made by cheque $Rs.2,300$ recorded by bank in personal account of Priyal.
View full solution →$(1 )$ Bank overdraft as per cashbook (Dt. $31 – 12- ‘15$) $Rs.710.$ Bank overdraft as per passbook (Dt. $1 – 12- ‘15$) $Rs.261$.
$(2 )$ Information of cheques deposited and credited in passbook is as under:
| Amount (Rs.) | Date of cheque deposited in bank | Date of Cheque credited in passbook |
| $2,300$ | $15-12-‘15$ | $18-12-‘15$ |
| $7,200$ | $17-12-‘15$ | $17-12-‘15$ |
| $4,600$ | $27-12-‘15$ | $1-1-‘16$ |
| $1,500$ | $30-12-‘15$ | $2-1-‘16$ |
| Amount (Rs.) | Date of cheque drawn | Date of cheque presented in bank |
| $8,200$ | $26-12-‘15$ | $18-12-‘15$ |
| $9,300$ | $28-12-‘15$ | $1-1-‘16$ |
| $7,100$ | $29-12-‘15$ | $31-12-‘15$ |
| $1,300$ | $31-12-‘15$ | $2-1-‘16$ |
$(5)$ Bank has collected dividend of $Rs.360$ on behalf of Priyal which is not recorded in cashbook..
$(6)$ Bank has recorded interest on overdraft $Rs.120$ in passbook but this transaction is not recorded in cashbook.
$(7)$ Sales made by cheque $Rs.2,300$ recorded by bank in personal account of Priyal.
Pass book of Ravindra Jain shows bank balance $Rs.7,000$ as on $31-10-2014$. From the following reasons of differences prepare $B. R. S.$ for Ravindra.
$(1)$ Cheques of $Rs.10,000$ deposited into bank for collection. Out of which cheques of $Rs. 6,000$ were credited by bank and one cheque of $Rs.1,000$ is returned dishonoured.
$(2)$ Bank debited $Rs. 55$ as bank charges in pass book which is recorded on payment side of cash book as $Rs. 115.$
$(3)$ Cash purchase of $Rs. 900$ by mistake recorded on credit side of cash book in bank column.
$(4)$ Bank overdraft interest $Rs.100$ is debited in passbook which is recorded in cash book as interest received.
$(5)$ A cheque of $Rs. 8,700$ issued to Nandubhai is recorded in cash column as $Rs.7,800$ in cash book.
$(6)$ Received cash $Rs. 1,200$ from Soham which is recorded on payment side of cash book as $Rs. 2,100$ in bank column.
$(7)$ Received a crossed cheque of $Rs. 1,200$ from Darshna which is recorded in cash column of cash book.
$(8)$ Total of cash column of payment side of cash book is undercasted by $Rs.370$.
$(9)$ A bill of Rs. $2,000$ is sent for collection through bank. upto the last date it is not collected by bank.
$(10)$ Mahesh deposited cheques of $Rs. 5,000$ directly in our bank account. Out of which a cheque of $Rs.2,000$ is not credited by bank.
$(11)$ Bank charges refund $Rs. 100$ is recorded in pass book only.
View full solution →$(1)$ Cheques of $Rs.10,000$ deposited into bank for collection. Out of which cheques of $Rs. 6,000$ were credited by bank and one cheque of $Rs.1,000$ is returned dishonoured.
$(2)$ Bank debited $Rs. 55$ as bank charges in pass book which is recorded on payment side of cash book as $Rs. 115.$
$(3)$ Cash purchase of $Rs. 900$ by mistake recorded on credit side of cash book in bank column.
$(4)$ Bank overdraft interest $Rs.100$ is debited in passbook which is recorded in cash book as interest received.
$(5)$ A cheque of $Rs. 8,700$ issued to Nandubhai is recorded in cash column as $Rs.7,800$ in cash book.
$(6)$ Received cash $Rs. 1,200$ from Soham which is recorded on payment side of cash book as $Rs. 2,100$ in bank column.
$(7)$ Received a crossed cheque of $Rs. 1,200$ from Darshna which is recorded in cash column of cash book.
$(8)$ Total of cash column of payment side of cash book is undercasted by $Rs.370$.
$(9)$ A bill of Rs. $2,000$ is sent for collection through bank. upto the last date it is not collected by bank.
$(10)$ Mahesh deposited cheques of $Rs. 5,000$ directly in our bank account. Out of which a cheque of $Rs.2,000$ is not credited by bank.
$(11)$ Bank charges refund $Rs. 100$ is recorded in pass book only.
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