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# MGT101 ASSIGNMENT NO - 02 (DUE DATE: 26th January 2016)

TOPIC TO BE TESTED:
• Bank reconciliation statement
LEARNING OBJECTIVES:
• To understand and apply the causes of disagreement between cash book and bank
statement in reconciliation process
Q-1
The debit balance of bank statement as on 31st December 2014 was Rs. 10,000.
Cheques of Rs. 3,000 sent to customers had been entered in depositor’s cash book but
did not appear in bank statements on 31st December 2014.
Required: Calculate the balance as per cash book on 31st December 2014.
Q-2
The favorable balance of bank statement as on 31st December 2014 was Rs. 12,000.
Cheques of Rs. 4,000 paid into the bank had been entered in depositor’s cash book
but did not appear in bank statements on 31st December 2014.
Required: Calculate the balance as per cash book on 31st December 2014.
QUESTIONS
ASSIGNMENT NO - 02
Q-3
Balance as per cash book of a merchant as on 31st December 2014 was Rs. 20,000.
Following causes of disagreement was discovered on receipt of bank statement.
1. A cheque of Rs. 500 issued but not yet presented for payment
2. A cheque of Rs. 545 sent to a customer has been recorded in cash book as Rs.
445.
Required: Calculate the balance as per bank statement on 31st December 2014.

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### Replies to This Discussion

Hi,

I am slightly confused with this assignment, we need to reconcile or calculate balance as per bank book or cash book? i think there is some mistake in requirement????

Ans 1

balance as bank: (10,000)

less: unclear cheques: (3,000)

balance as cash book: (13,000)

Ans 2

Bank  : 12000

less: unclear cheques: (4000)

cash  : 8000

Ans 3

cash    : 20000

less : error    100

bank : 20400

Ans 3 dkhna tiq hai ke nhe??

aur overall be

bhai g aap ka Q.3 ka answer galat ha 100 add ho ga because wo osay add karna bhool gaya the jis ke waja sa error a rahe the. ab hum os 100 ko add kar k rectify kar dan ga .......

question no 2 ka balance Cr hy or un clearb Cr hoty hyn to dono add hon gy less nahi

1.

balance as bank balance  (Dr.)                                                                   (10,000)

less: Cheques sent to customers but did not appear in bank statements     (Dr.)  (3,000)

balance as cash book    (Cr.)                                                                     (13,000)

Bro 10,000 main se 3,000 less karen ge tu 13,000 kese aya..?

Dr or Dr add hoty hyn less nahi

3.

Balance as per cash book  (Dr.)   20000

Add: un presented cheques   (Dr.)    500

less : error   adjustment       (cr.)   (100)

balance as per bank statement (Cr.)20400

balance kam likha gya hy 545 ki jaga 445 to ye add hoga les nahi

is it correct????????????????? :(

MGT-101 Assignment no:2

Q-1
The debit balance of bank statement as on 31st December 2014 was Rs. 10,000. Cheques of Rs. 3,000 sent to customers had been entered in depositor’s cash book but did not appear in bank statements on 31st December 2014.
Required: Calculate the balance as per cash book on 31st December 2014.
Balance As Per Bank Statement (Debit) Rs. 10,000
Balance As Per Cash Book Rs. 13,000

Q-2
The favorable balance of bank statement as on 31st December 2014 was Rs. 12,000. Cheques of Rs. 4,000 paid into the bank had been entered in depositor’s cash book but did not appear in bank statements on 31st December 2014.
Required: Calculate the balance as per cash book on 31st December 2014.
Balance As Per Bank Statement (Credit) Rs. 12,000
Add: Un Presented Cheque Rs. 4,000
Balance As Per Cash Book Rs. 16,000

Q-3
Balance as per cash book of a merchant as on 31st December 2014 was Rs. 20,000. Following causes of disagreement was discovered on receipt of bank statement.
1. A cheque of Rs. 500 issued but not yet presented for payment
2. Cheque of Rs. 545 sent to a customer has been recorded in cash book as Rs. 445.
Required: Calculate the balance as per bank statement on 31st December 2014.
Balance As Per Cash Book (Debit) Rs. 20,000
Add: Un Presented Cheque Rs. 500
Add Cheque of Rs. 545 sent to a customer Rs. 100
has been recorded in cash book as Rs. 445.
Balance As Per Bank Statement Rs. 20600

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