Bank Reconciliation Examples And Solutions For 1st Year Students

bank reconciliation examples and solutions for 1st-year students
First of all, i will tell you how to draw bank reconciliation statement
sub sey pehley main column bana sikhao ga yeh bs formate hai
M/S_______________
Bank Reconciliation Statement
FOR THE MONTH OF ___________


Particulars
Cash Book
(bank column)
Pass Book/
bank statement















bankstatement ko do naam hai aik passbook aur dosra bank statement 
Particular ki jaga description bhi kuch teacher likhwatey hai 
Bank Reconciliation Examples And Solutions For 1st Year Students

video dhekey ager samjh na aye toh

an easy method to solve bank reconciliation statement

Bank Reconciliation Statement Question 01
A comparison of cash book and bank statement of Haroon Sons for the month of December 31, 1988 revealed the following:
(a) Balance as per Bank Statement (31.12.88) Rs.8,470.
(b) Balance as per Cash Book (31.12.88) Rs.6,000.
(c)Cheques issued but not presented for payment Rs.4,222.
(d) Amount deposited on 31.12.88 not shown in bank statement Rs.3,837.
(e) Cheque directly deposited by a customer in firm’s bank account was not recorded in
cash book Rs.2,000.
(f) Collection charge Rs.5 debited by bank but not recorded in cash book.
(g) The bank credited firm’s account for profit which was not recorded in cash book Rs.90.
REQUIRED
(1) Prepare a Bank Reconciliation Statement as on December 31, 1989.
(2) Prepare necessary adjusting entries in the General Journal of Haroon Sons
HAROON SONS
Bank Reconciliation Statement
FOR THE MONTH OF DECEMBER 1988


Particulars
Cash Book
(bank column)
Pass Book/
bank statement
Unadjusted balance 
less cheque not presented for payment 


Add deposited on 31.12.88 not shown in bank statement 


Add Cheque direct deposited by a customer

Less Collection charges



Add Profit given by bank 




6,000



6,000




6000
+2000


8000
(05)


7995

+90



8,085.00



                  8,470
(4,222)


4248
+3837



8085



8085



8085





8,085.00







Second method


HAROON SONS
Bank Reconciliation Statement
FOR THE MONTH OF DECEMBER 1988


Particulars
Cash Book
(bank column)
Pass Book/
bank statement
Unadjusted balance 
less cheque not presented for payment 

add deposited but not shown in bank statement 

Add Cheque direct deposited by a customer
Less Collection charges

Add Profit given by bank 




6,000






                  +2,000
(5 )

+90




8,085.00



                  8,470
(4,222)

+3837











8,085.00











bank reconciliation journal entries





HAROON SONS
GENERAL JOURNAL
FOR THE MONTH OF DECEMBER 1988


Date
Particular
P/R
Debit
Credit
01
Bank
       Account receivable
To record Cheque direct deposited by a customer

2,000

2,000

Date
Particular
P/R
Debit
Credit
01
Collection charges
       Bank
To record  Collection charges

05

05

Date
Particular
P/R
Debit
Credit
03
Bank
      Bank Profit
To record Profit given by bank

90

90

Ager samjh na aye toh video dhkey



ILLUSTRATION # 2:1990 Regular & Private – BIEK

(Bank Reconciliation Statement with Errors & Dishonoured)
A comparison of cash book and bank statement of Hasan Company for the month of April 1990 revealed the following:
1. Balance per cash book Rs.6,180.
2. Balance per bank statement Rs.5,665.
3. A cheque for Rs.3,600 deposited into the bank was not yet cleared by the bank.
4. A cheque for Rs.980 deposited into the bank and cleared by the bank, was recorded in the bank statement as Rs.890.
5. A cheque for Rs.400 received from Akbar Brothers and deposited into the bank was returned dishonoured by the bank.
6. A cheque for Rs.3,500 issued to Aftab Sports has not so far been presented to the bank for payment.
7. The bank statement showed a debit of Rs.135 for Zakat deduction and a credit of Rs.210 for bank profit.
REQUIRED
a)  Bank Reconciliation Statement as on April 30, 1990.
b)  Entries in the General Journal to adjust the cash records of the company.


Hasan Company 
Bank Reconciliation Statement
FOR THE MONTH OF APRIL 1990


Particulars
Cash Book
(bank column)
Pass Book/
bank statement
Unadjusted balance 
add add uncleared cheque 


Add Error in bank statement


Less dishonored cheque 

Less Un Present cheque 



Less Zakat Charges



Add Profit given by bank 




6,180



6,180



6,180
(400)


5780



5780
(135)


5645

+210



5855




                5,665  
+3,600


9265
+90


9355



9355
(3,500)


5855



5855





5855





Date
Particular
P/R
Debit
Credit
01
Account receivable
       Bank
To record Cheque dishonored 

400

400

Date
Particular
P/R
Debit
Credit
01
Zakat Charges
       Bank
To record Zakat charges

135

135

Date
Particular
P/R
Debit
Credit
03
Bank
      Bank Profit
To record Profit given by bank

210

210

Bs Video Three

Bank Reconciliation Statement with Overdraft Balances
Comparison of cash book and bank statement of Mr. Tariq Jamil, a sole trader, reveals the
following for the month of April 2014:
1) Balance per cash book (Debit balance) Rs.17,000 and as per bank statement (Debit balance) Rs.23,000.
2) Direct deposit by a customer Rs.5,000.
3) A cheque of Rs.18,000 issued in settlement of an account was recorded in the cash book as Rs.13,000.
4) Uncleared cheques Rs.37,000.
5) Unpresented cheques Rs.7,000.
6) Bank made direct payment for an outstanding bill of business Rs.10,000.
REQUIRED
(a) Prepare bank reconciliation statement as on April 30, 2014.
(b) Record necessary entries in General Journal of the books of Mr. Tariq Jamil at April 30, 2014.

XI Accounting


Heads of Accounts


Kinds of Assets


Kind of Liabilities



bank reconciliation statement format



Mr. Tariq Jamil
Bank Reconciliation Statement
FOR THE MONTH OF APRIL 2014


Particulars
Cash Book
(bank column)
Pass Book/
bank statement
Unadjusted balance on 30 April 2014
Add: Direct deposit 


Less: Accounts payable – Error (3)


Add: Uncleared cheques (4)


Less: Unpresented cheques (5)


Less: Bills payable (6)









17000
+5,000


22000
(5,000)


17000



17000



17000

(10,000)


7000







      (23,000)      



  (23,000) 



  (23,000)
37000 


14000
(7,000)


7000




7000







Date
Particular
P/R
Debit
Credit
01
Bank
       Account receivable
To record Cheque direct deposited by a customer

5,000

5,000

Date
Particular
P/R
Debit
Credit
01
Account receivable
       bank
To record Error in cash book

5,000

5,000



Date
Particular
P/R
Debit
Credit
01
Bill payable
       Bank
To record payment of bill payable

10,000

10,000

bank reconciliation statement problems and solutions

On comparison of Cash Book (Bank Column) and the bank Statement of Aslam Traders for the month of July 2009 revealed the following:
1) Balance as per Bank Statement on July 31, 2009 was Rs.57,000.
2) Balance as per Cash Book on July 31, 2009 was Rs.43,000.
3) Cheques issued during July 2009 but not presented Rs.15,000.
4) Bank charges not entered in Cash Book Rs.500.
5) Locker rent debited by bank not recorded in Cash Book Rs.3,500.
6) Profit credited Rs.1,500 and tax debited Rs.150 by bank not recorded in Cash Book.
7) Cheques deposited on July 30, 2009 not shown in Bank Statement Rs.5,000.
8) Direct deposit by a customer Rs.6,650.
REQUIRED
Prepare Bank Reconciliation Statement as on July 31, 2009


bank reconciliation examples and solutions




Aslam Traders
Bank Reconciliation Statement
For The Month Of July 2009
Particulars
Cash Book
(bank column)
Pass Book/
bank statement
Unadjusted balance on 30 April 2014
Less: Unpresented cheques 


Less: Bank charges


Less: Locker charges


Add bank profit


Less Tax Debit by Bank


Add Late deposit 

Add direct deposit by customer


43000



43000
(500)


42500
(3,500)


39000

+1,500


40500
(150)


40350



40350
+6650


47,000





    57,000    
(15,000)


42000



42000



42000




42000



42000
+5000


47000



47,000





Part four

XI Accounting Rule 17 Sold On Credit or Credit Sales

XI Accounting Rule 18 Sold on credit & Cash

bank reconciliation journal entries

Date
Particular
P/R
Debit
Credit
01
Bank Charges
       Bank
To record bank charges

500

500

Date
Particular
P/R
Debit
Credit
02
Locker Charges
       Bank
To record Locker charges

3500

3500


Date
Particular
P/R
Debit
Credit
03
Bank
      Bank Profit
To record Profit given by bank

1500

1500



Date
Particular
P/R
Debit
Credit
04
Tax Expense
       Bank
To record tax debit by bank

150

150


Date
Particular
P/R
Debit
Credit
05
Bank
      Account receivable 
To record deposit by customer

6650

6650
Part five


Would you like to download this lesson for print here is bank reconciliation statement easy method pdf


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