Q. 3 From the following particulars ascertain the bank balance as per the cash book of Naveed & Co. as on 31st March 2019: a. Bank balance as per the pass book on 31st March 2019 was Rs. 80,000. b. Cheques paid into Bank on 26th March 2019 but not collected prior to 31st March 2019 amount to Rs. 20,000. c. Interest on deposits of Rs. 2,000 was credited in the pass book but not recorded in the Cash Book till 31st March, 2019. d. A customer paid into the bank Rs.15,000 directly as appeared in the Pass Book but not in the Cash Book. e. Dividend money of Rs. 8,000 on the shares held by Naveed & Co. was received directly by the bank on 29th March 2019 but the intimation was sent to them on 2nd April 2019. Req: Prepare a bank Reconciliation Statement.

Q. 3 From the following particulars ascertain the bank balance as per the cash book of Naveed & Co. as on 31st March 2019: a. Bank balance as per the pass book on 31st March 2019 was Rs. 80,000. b. Cheques paid into Bank on 26th March 2019 but not collected prior to 31st March 2019 amount to Rs. 20,000. c. Interest on deposits of Rs. 2,000 was credited in the pass book but not recorded in the Cash Book till 31st March, 2019. d. A customer paid into the bank Rs.15,000 directly as appeared in the Pass Book but not in the Cash Book. e. Dividend money of Rs. 8,000 on the shares held by Naveed & Co. was received directly by the bank on 29th March 2019 but the intimation was sent to them on 2nd April 2019. Req: Prepare a bank Reconciliation Statement.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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