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    BRS Practice Questions

    Uploaded by

    syed ali raza kazmi
    The document contains 4 practice questions for preparing bank reconciliation statements. Question 1 involves 10 transactions including cheques deposited but not cleared, cheques issued but not presented, interest and dividends credited by the bank but not recorded in cash book, and discrepancies between amounts deposited and cleared. Question 2 involves 10 transactions such as cheques deposited but not cleared, interest credited by bank but not recorded, cheques issued amounts, and timing differences in amounts credited by bank. Question 3 involves 9 transactions occurring in May 2015 including an outstation cheque lodged but not appearing in pass book, insurance premium paid by bank but not recorded, interest and dividends collected by bank only in pass book, and discrepancies in

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    BRS Practice Questions

    Uploaded by

    syed ali raza kazmi
    272 views2 pages
    The document contains 4 practice questions for preparing bank reconciliation statements. Question 1 involves 10 transactions including cheques deposited but not cleared, cheques issued but not presented, interest and dividends credited by the bank but not recorded in cash book, and discrepancies between amounts deposited and cleared. Question 2 involves 10 transactions such as cheques deposited but not cleared, interest credited by bank but not recorded, cheques issued amounts, and timing differences in amounts credited by bank. Question 3 involves 9 transactions occurring in May 2015 including an outstation cheque lodged but not appearing in pass book, insurance premium paid by bank but not recorded, interest and dividends collected by bank only in pass book, and discrepancies in

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    BRS practice Questions

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    The document contains 4 practice questions for preparing bank reconciliation statements. Question 1 involves 10 transactions including cheques deposited but not cleared, cheques issued but not presented, interest and dividends credited by the bank but not recorded in cash book, and discrepancies between amounts deposited and cleared. Question 2 involves 10 transactions such as cheques deposited but not cleared, interest credited by bank but not recorded, cheques issued amounts, and timing differences in amounts credited by bank. Question 3 involves 9 transactions occurring in May 2015 including an outstation cheque lodged but not appearing in pass book, insurance premium paid by bank but not recorded, interest and dividends collected by bank only in pass book, and discrepancies in

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    272 views2 pages

    BRS Practice Questions

    Uploaded by

    syed ali raza kazmi
    The document contains 4 practice questions for preparing bank reconciliation statements. Question 1 involves 10 transactions including cheques deposited but not cleared, cheques issued but not presented, interest and dividends credited by the bank but not recorded in cash book, and discrepancies between amounts deposited and cleared. Question 2 involves 10 transactions such as cheques deposited but not cleared, interest credited by bank but not recorded, cheques issued amounts, and timing differences in amounts credited by bank. Question 3 involves 9 transactions occurring in May 2015 including an outstation cheque lodged but not appearing in pass book, insurance premium paid by bank but not recorded, interest and dividends collected by bank only in pass book, and discrepancies in

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    © All Rights Reserved
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    of 2

    Bank Reconciliation Statement

    Practice Questions
    Q no:1 From the following transaction prepare a bank reconciliation statement
    of Mr. Alyan as on 31st March, 2020.
    I. Balance as per cash book Rs 37,000
    II. Cheque deposited into bank on 28th March but not collected by bank by 31st March, Rs
    1000
    III. Cheque issued but not presented by 31st March Rs 1550
    IV. The bank has credited dividend of Rs 1500 on 31st march but the intimation was received
    by the trader on 5th April,2020.
    V. A cheque of Rs 500 was received from a customer and was entered into the bank column
    of cash book, but was paid into the Bank on 1st April,2020.
    VI. Insurance premium of Rs 1000 paid by bank for which there is no record in the cash book.
    VII. Interest of Rs 200 credited by bank in the pass book only which is not recorded in the cash
    book
    VIII. Cheques of Rs 12000 were deposited into bank in March but a cheque of Rs 3000 out of
    them was credited in April.
    IX. A cheque of Rs. 6500 was deposited into bank in March but in April the cheque returns by
    bank as dishourned.
    X. Interest on overdraft Rs 40 and the bank charges Rs 20 are only debited in pass book only.

    Q No:2 From the following transaction prepare a bank reconciliation statement


    of Mr. Ali as on 31st April, 2020.
    i. Balance as per Pass Book Rs 40,000
    ii. Cheque deposited yet not collected by bank Rs 20,200
    iii. Cheque issued but not paid by bank Rs 2000
    iv. Interest credited by bank but not recorded in cash book Rs 3000
    v. Bank charges debited by bank but not entered in Cash book Rs 50
    vi. Cheque issued but not presented for the payment by 31st April ,2020
    vii. Cheques of Rs 4000 were issued to the creditor out of which a cheque of Rs 1800 presented
    after 31st April ,2020
    viii. Cheques of Rs 10000 were paid in April 19, out of these Rs. 5000 credited by the bank on
    20th April and Rs 1000 on April 28th and the balance on 2nd May ,2020.
    ix. An entry of Rs 500 being payment by a customer direct appear in the pass book.
    x. Dividend collected by the Bank Rs 300 credited in the pass book.
    Q No:3 Abram Cash Book showed a bank overdraft of Rs 30,000 on May,
    2015. 0n comparison of both book the following differences were observed.
    A. An outstation cheque of Rs 2000, lodged on 30th May, 2015 did not appeared in the
    pass book.
    B. Cheques issued of Rs 5000 had not been presented at the bank.
    C. Insurance premium paid and debited by the bank in the pass book Rs 2000 but not
    entered in the cash book.
    D. Interest on investment collected by bank appeared in the pass book only Rs 500
    E. Dividend on shares collected by bank 700 credited in pass book only.
    F. Cheques amounting to Rs 1600, Rs 1800 and Rs. 20,00 issued during the month
    and cheque of Rs 1800 was presented in the bank 2nd June,2020
    G. Bill proceeds collected by the bank but not recorded in the cash book Rs 2000
    H. Cheque issued and paid by the bank but wrongly entered in the cash column of the
    cash book, Rs 8000
    I. Cheque deposited but credited by the bank in the month of June ,2020 Rs 5000
    Prepare the bank reconciliation statement from the above-mentioned Transactions.

    Q No:4 From the following transactions prepare a bank reconciliation


    statement of Mr. Zulfiqar as on 31st April, 2020.
    a) Overdraft balance as per pass book Rs 25000
    b) Cheques of Rs 2000, Rs 3000, Rs 1000, Rs 500, Rs 4000 are deposited in the
    bank, but out of them cheques of Rs 3000 and Rs 4000 were collected in May,
    2020.
    c) Interest debited in the pass book Rs 2000 but not recorded in the cash book.
    d) A cheque of Rs 500 deposited but credited by the bank in the month of May 2020
    e) A cheque received of Rs 2000, recorded in the cash book was not sent to the bank
    for collection
    f) Cheque paid in but not cleared by the bank Rs 1300
    g) Interest on Govt security Rs 300 collected and credited in the pass book
    h) Cheque issued but not presented for payment Rs 6000

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