Bank Reconciliation StatementQ-3 | Bank Reconciliation StatementQuestion 5040 of 54
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From the following information (as on 31.3.2016), prepare a Bank Reconciliation Statement after making necessary amendments in the Cash-book: | Particulars | Amount | | :------------------------------------------------------------------------ | :---------- | | Bank balance as per Cash Book (Dr.) | 3,25,000 | | Cheques deposited, but not yet credited | 4,47,500 | | Cheques issued but, not yet presented for payment | 3,56,200 | | Bank charges debited by Bank but not recorded in Cash-book | 1,250 | | Dividend directly collected by bank | 12,500 | | Insurance premium paid by bank as per standing instruction not intimated | 15,900 | | Cash sales wrongly recorded in the bank column of the Cash-book | 25,500 | | Customer's cheque dishonoured by bank not recorded in Cash-book | 13,000 | | Wrong Credit given by bank | 15,000 | Also show the bank balance that will appear in the Trial Balance as on 31.3.2016.

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Detailed Solution & Explanation

### Cash Book as on 31.3.2016 (Bank Column) (after making necessary amendments) | Dr. Particulars | ₹ | Cr. Particulars | ₹ | | :-------------- | --: | :-------------- | --: | | To Balance b/ d | 3,25,000 | By Bank charges A

About This Chapter: BRS & Inventories

Paper

Paper 1: Accounting

Weightage

20-25%

Key Topics

Reconciliation, Valuation, Depreciation

This chapter covers Reconciliation, Valuation, Depreciation and is part of Paper 1: Accounting in the CA Foundation exam.

View Official ICAI Syllabus

Exam Strategy Tip

This topic carries 20-25% weightage. Focus on understanding core concepts rather than memorizing.

Key Concepts to Understand

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