Q1. Prepare Bank Reconciliation Statement as on 31-12-2016, for Happy organizations From the following particulars: 6) Bank balance overdraft as per cash book .. . 80,000 (i) Check recorded for collection but not sent to the bank 10,000 (iüi) Credit side of the cash book cast short . 1,000 (iv) Premium on proprictor's Life Insurance Policy (LIP) paid on standing order.. .5,000 (v) Bank Charges recorded twice in the cash book ... (vi) Customer's check returned by the bank as dishonored . 100 . 4,000 (vii) Bill Roceivable collected by the bank directly on the behalf of company . 20,000 (vii) Check received entered twice in the cash book . . 6,000 .. (ix) Check issued but dishonored on teçhniçal grounds 3,000 (x) A checks deposited into the bank of worth Rs. 45,000 but Rs. 8.000 check was not collected by bank
Q1. Prepare Bank Reconciliation Statement as on 31-12-2016, for Happy organizations From the following particulars: 6) Bank balance overdraft as per cash book .. . 80,000 (i) Check recorded for collection but not sent to the bank 10,000 (iüi) Credit side of the cash book cast short . 1,000 (iv) Premium on proprictor's Life Insurance Policy (LIP) paid on standing order.. .5,000 (v) Bank Charges recorded twice in the cash book ... (vi) Customer's check returned by the bank as dishonored . 100 . 4,000 (vii) Bill Roceivable collected by the bank directly on the behalf of company . 20,000 (vii) Check received entered twice in the cash book . . 6,000 .. (ix) Check issued but dishonored on teçhniçal grounds 3,000 (x) A checks deposited into the bank of worth Rs. 45,000 but Rs. 8.000 check was not collected by bank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Q1. Prepare Bank Reconciliation Statement as on 31-12-2016, for Happy organizations
From the following particulars:
6) Bank balance overdraft as per cash book ..
. 80,000
(i) Check recorded for collection but not sent to the bank
10,000
(iüi) Credit side of the cash book cast short .
1,000
(iv) Premium on proprictor's Life Insurance Policy (LIP) paid on standing order..
.5,000
(v) Bank Charges recorded twice in the cash book ...
(vi) Customer's check returned by the bank as dishonored .
100
. 4,000
(vii) Bill Roceivable collected by the bank directly on the behalf of company .
20,000
(vii) Check received entered twice in the cash book .
. 6,000
..
(ix) Check issued but dishonored on teçhniçal grounds
3,000
(x) A checks deposited into the bank of worth Rs. 45,000 but Rs. 8.000 check was not collected
by bank
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