Tag Archives: Bank reconciliation statement

Objective Type Questions for Principle of Commerce I.Com Part 1 (j)

Objective Type Questions for Principle of Commerce I.Com Part 1 (j)

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Bill of Exchange Important Question 8 for I.Com Part 1

Bill of Exchange Important Question 8 for I.Com Part 1 Y sells goods to Z for Rs.2000 and draws a bill on Z for 3 months, which he accepts and returns it to Y. One month before its maturity, Z retires the bill under a rebate of 6% p.a. Pass journal entries in the books of Y and Z. Solution …

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Bank Reconciliation Important Question 5 for I.Com Part 1

Bank Reconciliation Important Question 5 for I.Com Part 1 Prepare Bank Reconciliation Statement as on 31St December, 2009 from the following particulars: (i) Balance as per Pass Book Rs. 50,000 (ii) Un-presented cheques Rs. 10,000 (iii) Cheques deposited but not credited by Bank Rs. 5,000 (iv) Dividend directly collected by Bank Rs. 1,000 but not yet recorded in cash book. …

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Bank Reconciliation Important Question 3 for I.Com Part 1

Bank Reconciliation Important Question 3 for I.Com Part 1 From the following particulars, prepare a bank reconciliation statement of Mr. Sufyan as on 31st March, 2005: (i) Balance as per cash book Rs, 37,000. (ii) Insurance premium Rs. 1,500 paid directly by bank. (iii) Interest Rs. 500 credited by bank in pass book only (iv) Cheques issued for Rs. 7000 …

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Bank Reconciliation Important Question 2 for I.Com Part 1

Bank Reconciliation Important Question 2 for I.Com Part 1 From the following information prepare a bank reconciliation statement as on 31 Dec. 2005: (i) Cheques paid in but not credited by bank Rs: 34 (ii) Cheques issued but not presented Rs. 530 (iii) Collection charges Rs. 15 (iv) Interest charged by bank Rs. 18 (v) Interest on government securities directly …

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Define bank reconciliation statement

Define bank reconciliation statement A calculation comparing the Cash Book balance with the bank statement balance Or Analysis and adjustment of differences between the cash balance shown on a bank statement, and the amount shown in the account holder’s records. This matching process involves making allowances for checks issued but not yet presented, and for checks deposited but not yet …

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Objective Type Questions for Principle of Accounting I.Com Part 1 (k)

Objective Type Questions for Principle of Accounting I.Com Part 1 (k)

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