MGT-101 Assignment no:2 2016

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

Add:  Un-Presented  Cheque                                Rs. 3,000
Balance As Per Cash BookRs.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 PresentedCheque                                               Rs.  4,000
Balance As Per Cash BookRs.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 PresentedCheque                Rs.500
Add Cheque of Rs. 545 sent to a customer Rs.    100

hasbeen recorded in cash book as Rs. 445.

Balance As Per Bank Statement                     Rs. 20600