Home
Class 11
ACCOUNTS
Favourable bank balance as per the cash ...

Favourable bank balance as per the cash book will be less than the bank passbook balance when there are unpresented cheques for payment.

Text Solution

Verified by Experts

T
Promotional Banner

Topper's Solved these Questions

  • BANK RECONCILIATION STATEMENT

    NCERT|Exercise SHORT ANSWER|6 Videos

  • BANK RECONCILIATION STATEMENT

    NCERT|Exercise LONG ANSWER|3 Videos

  • BANK RECONCILIATION STATEMENT

    NCERT|Exercise Test your understanding III|1 Videos

  • APPLICATIONS OF COMPUTERS IN ACCOUNTING

    NCERT|Exercise Questions for Practice(Long Answers)|4 Videos

  • BILL OF EXCHANGE

    NCERT|Exercise Numerical Questions|23 Videos

Similar Questions

Explore conceptually related problems

On 31st March, 2019 the bank column of the Cash Book of Mr. Rajesh showed a debit balance of ₹5,200. On examining the Pass Book you find that : (i) Cheques of ₹20,000 were sent to bank for collection, Out of these cheques of ₹4,000 and of ₹5,000 were credited respectively on 5th April and 6th April respecrtively and the remaining cheques were credited before 31st March. (ii) A cheque for ₹7,500 received from a customer although entered in the bank column of the Cash Book, was omitted to be paid into the bank. (iii) Cheques drawn fro ₹25,000 were not presented for payment. (iv) Credit side of the bank column of the Cash Book was overcast by ₹100. (v) A B/P for ₹3,600 has been paid by the bank, but not yet recorded in the Cash Book. (vi) No entry has been made in the Cash Book to record the dishonour on 28th March 2019, of a cheque for ₹5,400 received from a customer. (vii) A cheque for ₹2,500 issued to a creditor was wrongly entered in the cash column of the Cash Book. (viii) In the Cash Book. bank charges of ₹200 were entered twice while another bank charge of ₹500 was not recorded at all. You are required to show the necessary correction in the Cash Book and to prepare a statement reconciling the ameded cash balanc with that shown in bank Pass Book.

On March 31, 2017 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, a cheque amounting to 1,200 deposited into the account had not been credited. Prepare a bank reconciliation statement.

The cash book shows a bank balance of 7,800. On comparing the cash book with passbook the following discrepancies were noted: (a) Cheque deposited in bank but not credited 3,000 (b) Cheque issued but not yet present for payment 1,500 ( c) Insurance premium paid by the bank 2,000 (d) Bank interest credit by the bank 400 (e) Bank charges 100 (d) Directly deposited by a customer 4,000

Credit balance of bank account in cash book shows :

On 31st December, 2014 the Cash Book of Gopal showed debit balance of 12,000. On comparing the Cash Book with the Pass Book, the following decrepancies were noted :- (a) Cheques were issued for ₹15,000, but of them cheques for ₹7,700 have not yet been presented. (b) chequs for ₹8,000 were deposited in bank but of these cheques for ₹2,000 were not recorded not in the Cash Book. (c ) Cheques deposited in bank but not credited ₹3,800. (d) A cheque for ₹350 was paid into bank but bank credited the amount with ₹350 by mistake. (e) Bank received interest on debentures on behalf of Fopal amounting to ₹300. (f) It was also found thet the total of one page on the payment side of the Cash Book was ₹4,520 but it w written on the next page as ₹5,420 but it was written on the next page as ₹5,420. Prepare a Bank Eonciliation Statement.