Unfavourable Balance of Cash Book Solutions

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  1. Theoretical Questions Solutions
  2. Favourable Balance of Cash Book and Passbook Numerical Questions Solutions
  3. Unfavourable Balance of Pass Book Numerical Questions Solutions
Unfavourable balance of cash book – Numerical Questions Solutions
10. On Ist January 2014, Rakesh had an overdraft of Rs. 8,000 as showed by his cash book. Cheques amounting to Rs. 2,000 had been paid in by him but were not collected by the bank by January 01, 2014. He issued cheques of Rs. 800 which were not presented to the bank for payment up to that day. There was a debit in his passbook of Rs. 60 for interest and Rs. 100 for bank charges. Prepare bank reconciliation statement for comparing both the balance.





Bank Reconciliation Statement, as of January 1, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Overdraft as per the cash book   8,000
2. Cheques deposited but not yet charged by the bank   2,000
3. Cheques issued but not yet presented for payment 800  
4. Interest charged by bank.   60
5. Bank charges   100
  Overdraft as per the pass book 9,360  
    10,160 10,160
       
11. Prepare bank reconciliation statement.

  1. Overdraft shown as per cash book on December 31, 2014 Rs. 10,000.
  2. Bank charges for the above period also debited in the passbook Rs. 100.
  3. Interest on overdraft for six months ending December 31, 2014 Rs. 380 debited in the passbook.
  4. Cheques issued but not encashed prior to December 31, 2014 amounted to Rs. 2,150.
  5. Interest on Investment collected by the bank and credited in the passbook Rs. 600.
  6. Cheques paid into bank but not cleared before December, 31 2014 were Rs. 1,100.
Bank Reconciliation Statement, as of December 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Overdraft as per cash book   10,000
2. Bank charges   100
3. Interest collected by bank on overdraft   380
4. Cheques issued but not yet enchased 2,150  
5. Interest on investment collected by bank 600  
6. Cheque deposited into the bank but not yet cleared   1,100
  Overdraft as per pass book 8,830  
    11,580 11,580
       
12. Kumar find that the bank balance shown by his cash book on December 31, 2014 is Rs. 90,600 (Credit) but the passbook shows a difference due to the following reason:
A cheque (post dated) for Rs. 1,000 has been debited in the bank column of the cash book but not presented for payment. Also, a cheque for Rs. 8,000 drawn in favour of Manohar has not yet been presented for payment. Cheques totaling Rs. 1,500 deposited in the bank have not yet been collected and cheque for Rs. 5,000 has been dishonoured.
Bank Reconciliation Statement, as of December 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Overdraft as per cash book   90,600
2. Post Cheque issued but not yet presented for payment   1,000
3. Cheque issued but not yet presented for payment 8,000  
4. Cheques deposited but not yet credited by the bank into the account   1,500
5. Cheque dishonoured   5,000
  Overdraft as per pass book 90,100  
    98,100 98,100
       
13. On December 31, 2014, the cash book of Mittal Bros. Showed an overdraft of Rs. 6,920. From the following particulars prepare a Bank Reconciliation Statement and ascertain the balance as per passbook.

  1. Debited by bank for Rs. 200 on account of Interest on overdraft and Rs. 50 on account of charges for collecting bills.
  2. Cheques drawn but not en-cashed before December, 31,2014 for Rs. 4,000.
  3. The bank has collected interest and has credited Rs. 600 in passbook.
  4. A bill receivable for Rs. 700 previously discounted with the bank had been dishonoured and debited in the passbook.
  5. Cheques paid into bank but not collected and credited before December 31, 2014 amounted Rs. 6,000.





Bank Reconciliation Statement, as of December 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Overdraft as per the cash book   6,920
2. Interest charged by bank on overdraft   200
3. Charges by bank for collecting bills   50
4. Cheque issued but not presented for payment 4,000  
5. Interest collected and credited by bank 600  
6. Bills receivable dishonoured   700
7. Cheques deposited but not yet cleared.   6,000
  Overdraft as per passbook 9,270  
    13,870 13,870
       

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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