Solution of Q 27 Bank Reconciliation Statement TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 27, Chapter 13 Bank Reconciliation Statement, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
Question 27
From the following particulars of Gurpreet, prepare Bank Reconciliation Statement showing the balance as per Cash Book on 31st March, 2023:
- (i) Balance as per Pass Book on 31st March, 2023 overdrawn ₹ 10,000.
- (ii) Cheques drawn in the last week of March, 2023 but not cleared till 3rd April, 2023 ₹ 20,000.
- (iii) Interest on bank overdraft not entered in the Cash Book ₹ 1,500.
- (iv) Cheques of ₹ 20,000 deposited in the bank in March, 2023 but not collected and credited till 3rd April, 2023.
- (v) ₹ 100 Insurance Premium paid by the bank under a standing order has not been entered in the Cash Book.
- (vi) A draft of ₹ 10,000 favouring Atul & Co. was issued by the bank charging commission of ₹ 200. However, in the Cash Book entry was passed by ₹ 10,000.
Solution
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About this solution
This is Chapter 13 Bank Reconciliation Statement of TS Grewal Edition 2023-24.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
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