Unfavourable Balance of Pass 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 Cash Book Numerical Questions Solutions
Unfavourable balance of the passbook – Numerical Questions Solutions
14. Prepare bank reconciliation statement of Shri Bhandari as on December 31, 2014

  1. The Payment of a cheque for Rs. 550 was recorded twice in the passbook.
  2. Withdrawal column of the passbook under cast by Rs. 200
  3. A Cheque of Rs. 200 has been debited in the bank column of the Cash Book but it was not sent to bank at all.
  4. A Cheque of Rs. 300 debited to Bank column of the passbook was not sent to the bank.
  5. Rs. 500 in respect of dishonoured cheque were entered in the passbook but not in the cash book.

Overdraft as per passbook is Rs. 20,000.






Bank Reconciliation Statement, as of December 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Overdraft as per the passbook   20,000
2. Payment of cheque debited twice in the passbook 550  
3. Withdrawal column of the passbook under-cast   200
4. Cheque debited in the cash book but not yet sent to deposit in the bank 200  
5. Cheque debited in the cash book but not yet sent to deposit in the bank 300  
6. Cheque dishonoured 500  
  Overdraft as per the cash book 18,650  
    20,200 20,200
       
15. Overdraft shown by the passbook of Mr. Murli is Rs. 20,000. Prepare bank reconciliation statement on dated December 31, 2014.

  1. Bank charges debited as per passbook Rs. 500.
  2. Cheques recorded in the cash book but not sent to the bank for collection Rs. 2,500.
  3. Received a payment directly from customer Rs. 4,600.
  4. Cheque issued but not presented for payment Rs. 6,980.
  5. Interest credited by the bank Rs. 100.
  6. LIC paid by bank Rs. 2,500.
  7. Cheques deposited with the bank but not collected Rs. 3,500.
Bank Reconciliation Statement, as of December 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Overdraft as per the passbook   20,000
2. Bank charges debited as per passbook 500  
3. Cheques recorded in the cash book but not yet encashed 2,500  
4. Directly credited from customer/debtor   4,600
5. Cheque issued but not yet presented for payment   6,980
6. Interest credited by bank   100
7. LIC paid by bank 2,500  
8. Cheques deposited by bank but not yet collected 3,500  
  Overdraft as per cash book 22,680  
    31,680 31,680
       
16. Raghav & Co. have two bank accounts. Account No. I and Account No. II.
From the following particulars relating to Account No. I, find out the balance on that account of December 31, 2014 according to the cash book of the firm.

  1. Cheques paid into bank prior to December 31, 2014, but not credited for Rs. 10,000.
  2. Transfer of funds from account No. II to account no. I recorded by the bank on December 31, 2014 but entered in the cash book after that date for Rs. 8,000.
  3. Cheques issued prior to December 31, 2014 but not presented until after that date for Rs. 7,429.
  4. Bank charges debited by bank not entered in the cash book for Rs. 200.
  5. Interest Debited by the bank not entered in the cash book Rs. 580.
  6. Overdraft as per Passbook Rs. 18,990.
Bank Reconciliation Statement, as of December 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Overdraft as per the passbook   18,990
2. Cheques Deposited but not yet cleared 10,000  
3. Funds transferred into account but not entered into cash book   8,000
4. Cheques issued but not yet presented for payment   7,429
5. Bank charges 200  
6. Interest debited by bank 580  
  Overdraft as per the cash book 23,639  
    34,419 34,419
       
17. Prepare a bank reconciliation statement from the following particulars and show the balance as per cash book.

  1. Balance as per passbook on December 31, 2014 overdrawn Rs. 20,000.
  2. Interest on bank overdraft not entered in the cash book Rs. 2,000.
  3. Rs. 200 insurance premium paid by bank has not been entered in the cash book.
  4. Cheques drawn in the last week of December, 2014, but not cleared till date for Rs. 3,000 and Rs. 3,500.
  5. Cheques deposited into bank on November, 2014, but yet to be credited on dated December 31, 2014 Rs. 6,000.
  6. Wrongly debited by bank Rs. 500.
Bank Reconciliation Statement, as of December 31, 2014
S.No. Particulars (+)
Amount
(-)
Amount
1. Overdraft as per passbook   20,000
2. Interest charged by bank 2,000  
3. Insurance premium paid by bank 200  
4. Cheques drawn but not yet cleared   6,500
5. Cheques deposited into the bank but not yet credited 6,000  
6. Debit in the bank account by error 500  
  Overdraft as per the cash book 17,800  
    26,500 26,500
       
18. The passbook of Mr. Randhir showed an overdraft of Rs. 40,950 on March 31, 2013.
Prepare bank reconciliation statement on March 31, 2013.

  1. Out of cheques amounting to Rs. 8,000 drawn by Mr. Randhir on March 27 a cheque for Rs. 3,000 was encashed on April 2014.
  2. Credited by bank with Rs. 3,800 for interest collected by them, but the amount is not entered in the cash book.
  3. Rs. 10,900 paid in by Mr. Randhir in cash and by cheques on March, 31 cheques amounting to Rs. 3,800 were collected on April, 07.
  4. A Cheque of Rs. 780 credited in the passbook on March 28 being dishonoured is debited again in the passbook on April 01, 2014. There was no entry in the cash book about the dishonour of the cheque until April 15.





Bank Reconciliation Statement, as of March 31, 2013
S.No. Particulars (+)
Amount
(-)
Amount
1. Overdraft as per passbook   40,950
2. Cheques issued but not yet presented for payment   3,000
3. Interest credited by bank   3,800
4. Cheque deposited but not yet cleared 3,800  
5. Cheque dishonoured 780  
  Overdraft as per the cash book 43,170  
    47,750 47,750
       

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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