Mahabir Prashad had paid into the Bank on 26th June four cheques for ₹ 3,000; ₹ 6,000; ₹ 8,000 and ₹ 10,000. From the following particulars ascertain the Cash Book balance:- On 31st December, 2014 the Cash Book of Basu showed an overdraft of ₹ 18,000 with the Bank of India. (a) Cheques paid in for collection amounted to ₹ 20,600 but cheques of ₹ 7,800 were credited on 3rd January, 2015. Goel DK Goel Solutions Class 11 Accountancy is considered to be the most helpful study tool for the students pursuing their ... Bank Reconciliation Statement (BRS) are required. This helps the students grasp the questioning pattern and marking scheme. (e) Bank charged interest on Overdraft ₹ 650. (iv) A cheque of ₹ 1,200 was debited in the cash book but was not deposited in bank. (vi) No entry has been made in the Cash Book to record the dishonour on 28th March 2015, of a cheque for ₹ 5,400 received from a customer. 3. (g) Bank receives ₹ 200 as interest on debentures, but no information being sent to the customer. 5. Rim Zim Ltd. maintains a current account with the State Bank of India. DK Goel Textbook Solutions are outlined by subject matter experts. Cheques amounting to ₹ 7,290 were issued on 28th June, of which one cheque of ₹ 1,300 was presented in the bank for payment on 4th July. Chapter wise DK Goel Class 11 Accountancy Exercises with Solutions to help you to score better marks. The students can solve the questions and compare their answers with the solutions for DK Goel for class 11th which have been given on our website. Prepare a Bank Reconciliation Statement. (d) Three cheques for ₹ 10,000, ₹ 12,000 and ₹ 4,800 respectively were drawn on 27th May but the cheque for ₹ 4,800 was encashed on 1st June. (v) A B/P for ₹3,600 has been paid by the bank, but not yet recorded in the Cash Book. (c) Cheques deposited in bank but not credited ₹ 3,800. A cheque of ₹ 1,200 deposited into bank has been dishonoured. Class 11 Accountancy Solutions (D.K. You are required to show the necessary corrections in the Cash Book and to prepare a statement reconciling the amended cash balance with the shown in bank Pass Book as on 31st March 2015. (e) Cheques amounting to ₹ 7,500 sent to the bank for collection though entered in the Cash Book, had not been credited by the bank. (iv) A Bill Payable for ₹ 10,000 was retired by the Bank under a rebate of ₹ 150 but the full amount of the bill was credited in the bank column of the cash book. (iii) Cheques of ₹ 10,750 were deposited in bank, out of them a cheque of ₹ 4,200 was credited in the first week of January, 2017. VI. (Particular question wise, chapter-wise or subject-wise option available). (vi) A bill for ₹ 10,000 discounted with the bank was dishonoured on maturity. The bank credited the merchant for ₹ 200 as interest and has debited him for ₹ 30 as bank charges for which there are no corresponding entries in Cash Book. Chapter wise Class 11 DK Goel solutions are made in such a way that students can easily … Out of total cheques amounting to ₹ 45,000 drawn, cheques amounting to ₹ 7,500 were presented in June 2014, Cheques amounting to ₹ 18,000 were presented in July 2014, and the rest have not been presented so far. (v) Insurance premium paid by bank ₹ 1,450. Cheques for ₹ 6,200 were issued during the month of December but of these cheques for ₹ 900 were presented in the month of January, 2015 and one cheque for ₹ 500 was not presented for payment. Write of 5% Depreciation on Freehold Premises and 20% on office furniture. DK Goel Accountancy Class 11 Solutions Chapter 15 Bank Reconciliation Statement which is outlined by expert Accountancy teachers from the latest version of DK Goel Class 11 Accountancy books. (f) ₹ 16,200 were withdrawn from bank on 25th May but there is no entry for it in the Cash Book. (iii) Cheques amounted to ₹ 4,500 had been paid into the bank for collection but out of these only ₹ 1,000 had been credited in the Pass Book. Feb 22,2021 - Bank Reconciliation Statement DK Goel Solutions - Class 11 Accountancy is created by the best Commerce teachers for Commerce preparation. Prepare a Bank Reconciliation Statement as on 30th June 2014. The students are suggested to go through the answers which have been provided for each chapter here and practice them on a daily basis. On 31st March a cheque of ₹ 250 received by you was paid into the bank but the same was omitted to be entered in the cash book. Payment side of Cash Book was undercasted, V. Cheque recorded in cash book but not sent to bank, 5. These solutions have been prepared based on the latest book for DK Goel Class 11 for currect adacemic year. All the solutions of Bank Reconciliation Statement - Accountancy explained in detail by experts to help students prepare for their CBSE exams. Start within the theory part of the chapters and then dive into the value-based problems to sharpen the understanding. Amount wrongly credited by bank ₹ 3,400. 2. On 29th June a Customer deposited ₹ 3,000 direct in the bank account but it was entered only in the Pass Book. 2. Students have been reading this book for many years now and have been finding this very useful in getting their concept clear and also understanding the basics of accounting. The jo Students looking for class 11th accountancy help book DK Goel solutions can it from here. The entries for interest, bank charges and subscription have not yet been made in Cash Book. Therefore, learn all the definitions, meanings, and illustrations of every chapter with relevant examples. An entry of ₹ 30 of a payment by a customer direct into the bank appears in the Pass Book. (f) A cheque for ₹ 3,600 has been debited in bank column of Cash Book by A, but it was not sent to bank at all. Following information has been given by Rajendra. Cheque issued to the creditor but not yet present for payment, 3. Chapter 1: Financial Statements of Not for Profit Organisations, Chapter 2: Accounting for Partnership Firms Fundamentals, Chapter 3: Changing in Profit-Sharing Ratio among the Existing Partners, Chapter 5: Retirement or Death of a Partner, Chapter 6: Dissolution of Partnership Firm, Chapter 7: Company Accounts Issue of Share, Chapter 8: Company Accounts Issue of Debentures, Chapter 9: Company Accounts Redemption of Debentures, Chapter 1 Financial Statements of Companies, Chapter 1 Meaning and Objectives of Accounting, Chapter 4 Process and Bases of Accounting, Chapter 8 Origin of Transactions Source Documents of Accountancy, Chapter 9 Books of Original Entry Journal, Chapter 10 Accounting for Goods and Service Tax (GST), Chapter 11 Books of Original Entry â Cash Book, Chapter 12 Books of Original Entry â Special Purpose Subsidiary Books, Chapter 22 Financial Statements â With Adjustments, Chapter 23 Accounts from Incomplete Records, Chapter 25 Introduction to Accounting Information System, Chapter 26 Computerised Accounting System, Chapter 27 Accounting Software package: Tally, Chapter 1: Meaning and Objectives of Account, Chapter 8: Origin of Transactions Source Documents of Accountancy, Chapter 9: Books of Original Entry Journal. Life Insurance Premium ₹ 750 paid by bank according to his standing orders. (ii) A cheque of ₹ 200 was deposited in bank but not recorded in Cash Book. On 31st December 2014, I had an overdraft of ₹ 750 as shown by my Pass Book. There were also Bank Charges debited in the Pass Book amounting in all to ₹ 10 which were not entered in the Cash Book. (viii) ₹ 300 is entered in the bank statement as bank charges. The solutions have been prepared by accountancy teachers of reputed schools and have been prepared to keep into consideration the requirements of children so that each and every step which is there in the solution is properly explained. The books consist of the best questions that have the maximum probability of coming into the examination. Meritnation.com gives its users access to a profuse supply of DK Goel (2018) questions and their solutions. (i) The bank pass book showed a debit balance of ₹ 15,000. There is a credit of ₹ 360 for interest on securities in the Pass Book which remains to be adjusted. Refer to the solutions provided below prepared by … I had paid into Bank three cheques amounting to ₹ 6,000 on 24th December of which I found ₹ 3,200 have been credited in the Pass Book under date 5th January 2015. On checking entries in the Cash Book with the bank statement, it was ascertained that:
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