BRS - Book keeping Question Paper of Appendix3 Exam 2017

 

BRS - Bank Reconciliation Statement   Appendix3 exam 2017 - 10 marks

1. The following is the summary of Cash book for December, 2014

Cash Book (Bank column)

	Amount (Rs)		Amount (Rs)
Receipts	13221	Balance B/d	6849
Balance c/d	4986	Payments	11358
Total	18207	Total	18207

Note: All receipts and payments are through Bank only. 

On investigation, the following are observed: 

1. Bank charges of Rs. 1224 in the Bank statement have not been entered in Cash Book

2. Cheques drawn amounting to Rs. 2403 have not been presented to the Bank for payment.

3. Cheques receiving totalling Rs. 6858 have been entered in a Cash Book and deposited in the Bank, but have not been credited by the Bank until January, 2015

4. A cheque for Rs. 198 has been entered as a receipt in the Cash Book instead of payment. 

5. A cheque for Rs. 225 has been debited by the Bank in error. 

6. A cheque received for Rs. 720 has been returned by the Bank and marked “no funds available”, no adjustment has been made in the Cash Book. 

7. All dividends receivable are credited directly to the bank account. During December, an amount of Rs. 558 was credited by the bank and no entry is made in the cash book.

8. A cheque drawn for Rs. 54 has been incorrectly entered in the cash book as Rs. 594.

9.  The balance brought forward should have been Rs. 6399.

10.  The bank statement as on December 31st 2014 showed an Overdraft of Rs. 10458.

11. You are required to prepare an amended cash book.

Note: Red color - Amended Cash Book and Blue Color - BRS

 prepare bank reconciliation statement as on December 31st 2014

Solution

Amended Cash Book 

	Amount (Rs)		Amount (Rs)
Receipts	13221	Balance B/d	6399
A cheque drawn for Rs. 54 has been incorrectly entered in the cash book as Rs. 594.	540	Payments	11358
		Cheque 198 wrong side posted	396
To Balance c/d	4392
Total	18153	Total	18153
		By Balance b/d	4392

Bank Reconciliation Statement as on 13.12.2014

Particulars		Amount (Rs.)
Overdraft balance as per Cash Book		4392
Add Items
Cheques receiving totalling Rs. 6858 have been entered in a Cash Book and deposited in the Bank, but have not been credited by the Bank until January, 2015	6858
A cheque for Rs. 225 has been debited by the Bank in error.	225
Bank charges	1224
A cheque received for Rs. 720 has been returned by the Bank and marked “no funds available”, no adjustment has been made in the Cash Book.	720
Total of Add Items	9027	( +) 9027
Less Items
Cheques drawn amounting to Rs. 2403 have not been presented to the Bank for payment.	2403
All dividends receivable are credited directly to the bank account. During December, an amount of Rs. 558 was credited by the bank and no entry is made in the cash book.	558
	2961	(-) 2961
Overdraft balance as per Pass Book		10458.