Favourable Balance of Cash Book and Passbook Solutions

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  1. Theoretical Questions Solutions
  2. Unfavourable Balance of Cash Book Numerical Questions Solutions
  3. Unfavourable Balance of Pass Book Numerical Questions Solutions
Favourable balance of cash book and passbook – Numerical Questions Solutions
1. From the following particulars, prepare a, bank reconciliation statement as at March 31, 2014.

  1. Balance as per cash book ₹ 3,200
  2. Cheque issued but not presented for payment ₹ 1,800
  3. Cheque deposited but not collected upto March 31, 2014 ₹ 2000
  4. Bank charges debited by bank ₹ 150





Bank Reconciliation Statement, as of March 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Balance as per cash book 3,200  
2. Cheque issued but not presented for payment 1,800  
3 Cheque deposited but not collected   2,000
4. Bank Charges   150
5. Balance as per passbook   2,850
    5,000 5,000
       
2. On March 31 2014 the cash book showed a balance of ₹ 3,700 as cash at bank, but the bank passbook made up to same date showed that cheques for ₹ 700, ₹ 300 and ₹ 180 respectively had not presented for payment. Also, cheque amounting to ₹ 1,200 deposited into the account had not been credited. Prepare a bank reconciliation statement.
Bank Reconciliation Statement, as of March 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Balance as per the cashbook 3,700  
2. Three cheques issued but not yet presented 1,180  
3. Cheques deposited but not yet credited   1,200
4. Balance as per passbook   3,680
    4,880 4,880
       
3. The cash book shows a bank balance of Rs. 7,800. On comparing the cash book with passbook the following discrepancies were noted :

  1. Cheque deposited in bank but not credited ₹ 3,000
  2. Cheque issued but not yet present for payment ₹ 1,500
  3. Insurance premium paid by the bank ₹ 2,000
  4. Bank interest credit by the bank ₹ 400
  5. Bank charges ₹ 100
  6. Directly deposited by a customer ₹ 4,000

Bank Reconciliation Statement
S.No. Particulars (+)
Amount
(-)
Amount
1. Balance balance as per the cashbook 7,800  
2. Cheque deposited in bank but not credited   3,000
3. Cheque issued but not yet present for payment 1,500  
4. Insurance Premium paid by the bank   2,000
5. Interest credited by the bank 400  
6. Bank charges   100
7. Direct deposit by the customer 4,000  
  Balance as per the passbook   8,600
    13,700 13,700
       
4. Bank balance of Rs. 40,000 showed by the cash book of Atul on December 31, 2013. It was found that three cheques of Rs. 2,000, Rs. 5,000 and Rs. 8,000 deposited during the month of December were not credited in the passbook till January 02, 2014. Two cheques of Rs. 7,000 and Rs. 8,000 issued on December 28, were not presented for payment till January 03, 2014. In addition to it bank had credited Atul for Rs. 325 as interest and had debited him with Rs. 50 as bank charges for which there were no corresponding entries in the cash book.
Prepare a bank reconciliation statement as on December 31, 2013.
Bank Reconciliation Statement, as of December 31, 2013
S.No. Particulars (+)
Amount
(-)
Amount
1. Balance as per the cashbook 40,000  
2. Three cheques deposited but not yet credited   15,000
3. Two cheques issued but not yet presented for payment 15,000  
4. Interest credited by bank 325  
5. Bank charges   50
  Balance as per the passbook   40,275
    55,325 55,325
       
5. On comparing the cash book with passbook of Naman it is found that on March 31, 2014, bank balance of ₹ 40,960 showed by the cash book differs from the bank balance with regard to the following :

  1. Bank charges ₹ 100 on March 31, 2014, are not entered in the cash book.
  2. On March 21, 2014, a debtor paid ₹ 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.
  3. Cheques totaling ₹ 12,980 were issued by the company and duly recorded in the cash book before March 31, 2014, but had not been presented at the bank for payment until after that date.
  4. A bill for ₹ 6,900 discounted with the bank is entered in the cash book with recording the discount charge of ₹ 800.
  5. ₹ 3,520 is entered in the cash book as paid into bank on March 31st, 2014, but not credited by the bank until the following day.
  6. No entry has been made in the cash book to record the dishonor on March 15, 2014 of a cheque for ₹ 650 received from Bhanu.

Prepare a reconciliation statement as on March 31, 2014.

Bank Reconciliation Statement, as of March 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Balance as per the cashbook 40,960  
2. Bank Charges   100
3. Direct deposit into the bank by the debtor 2,000  
4. Cheque issued but not yet presented for payment 12,980  
5. Discount charge on bill that was recorded in the cash book   800
6. Deposit that was not yet recorded into the bank account   3,520
7. Cheque dishonoured   650
  Bank Balance as per the passbook   50,870
    55,940 55,940
       
6. Prepare bank reconciliation statement as on December 31, 2014. On this day the passbook of Mr. Himanshu showed a balance of ₹ 7,000.

  1. Cheques of ₹ 1,000 directly deposited by a customer.
  2. The bank has credited Mr. Himanshu for ₹ 700 as interest.
  3. Cheques for ₹ 3000 were issued during the month of December but of these cheques for ₹ 1,000 were not presented during the month of December.
Bank Reconciliation Statement, as of December 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Balance as per the passbook 7,000  
2. Direct cheque deposit by the customer   1,000
3. Interest credited by the bank   700
4. Cheques issued but not presented for payment   1,000
  Balance as per the cash book   4,300
    7,000 7,000
       
7. From the following particulars prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2014.

  1. Two cheques of ₹ 2,000 and ₹ 5,000 were paid into bank in October, 2014 but were not credited by the bank in the month of December.
  2. A cheque of ₹ 800 which was received from a customer was entered in the bank column of the cash book in December 2014 but was omitted to be banked in December, 2014.
  3. Cheques for ₹ 10,000 were issued into bank in November 2014 but not credited by the bank on December 31, 2014.
  4. Interest on investment ₹ 1,000 collected by bank appeared in the passbook.

Balance as per Passbook was ₹ 50,000

Bank Reconciliation Statement, as of December 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Balance as per the passbook 50,000  
2. Cheques deposited but not yet credited into the account 7,000  
3. Cheque debited in the cash book but yet to be deposited into the bank 800  
4. Cheques isssued but not yet debited in the bank account   10,000
5. Interest on investment collected and credited into the bank account   1,000
  Bank Balance as per the cash book   46,800
   
       
8. Balance as per passbook of Mr. Kumar is ₹ 3,000.

  1. Cheque paid into bank but not yet cleared Ram Kumar ₹ 1,000 Kishore Kumar ₹ 500
  2. Bank Charges ₹ 300
  3. Cheque issued but not presented Hameed ₹ 2,000 Kapoor ₹ 500
  4. Interest entered in the passbook but not entered in the cash book ₹ 100

Prepare a bank reconciliation statement.

Bank Reconciliation Statement of Mr.Kumar
S.No. Particulars (+)
Amount
(-)
Amount
1. Balance as per passbook 3,000  
2. Cheques deposited into the bank but not yet cleared 1,500  
3. Bank charges 300  
4. Cheques issued but not yet presented for payment   2,500
5. Interest credited by the bank but not entered into the cash book   100
  Balance as per cash book   2,200
    4,800 4,800
       
9. The passbook of Mr. Mohit current account showed a credit Balance of Rs. 20,000 on dated December 31, 2014. Prepare a Bank Reconciliation Statement with the following information.

  1. A cheque of Rs. 400 drawn on his saving account has been shown on current account.
  2. He issued two cheques of Rs. 300 and Rs. 500 on of December 25, but only the Ist cheque was presented for payment.
  3. One cheque issued by Mr. Mohit of Rs. 500 on December 25, but it was not presented for payment whereas it was recorded twice in the cash book.





Bank Reconciliation Statement, as of December 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Balance as per the passbook 20,000  
2. Cheque debited from the current account by error 400  
3. Cheque issued but not presented for payment   500
4. Cheque issued but not presented for payment but recorded twice in the cash book   1,000
  Balance as per the cash book   18,900
    20,400 20,400
       

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You might also want to refer the following pages.

  1. Introduction to Accounting
  2. Theory Base of Accounting
  3. Recording of Transactions – I
  4. Recording of Transactions – II