ISCA – COMMERCE

Time – 1 hr. Date:-05-11-2022 Max Marks – 40

Subject – Accounts 11th Class Passing Marks – 20
SET B
BRS + RECTIFICATION OF ERROR
• Q1 to Q4 carry 4 mark.
• Q5 to Q8 carry 6 marks.

1. On 31st March, 2018, the Cash Book of Rohan showed an overdraft of Rs. 5,600.
From  the following particulars, prepare Bank reconciliation Statement:
i. Cheques issued but not credited before 31st March, 2018 amounted to Rs. 3,964.
ii. Cheques deposited into the bank but not credited before 31st March, 2018 amounted to Rs. 4,891.
iii. A Bill Recievable for Rs. 520 previously discounted with the bank had been dishonoured and bank
charges debited in the pass book amounted to Rs. 55
iv. Debit is made in the Pass Book for Rs. 120 on account of interest on overdraft.
v. The bank  has collected interest on investment and credited Rs. 760 in the Pass Book.

2. Rectify the following errors

i. Depreciation provided on machinery Rs 4,000 was not posted.
ii. Bad debts written-off Rs 5,000 were not posted.
iii. Discount allowed to a debtor Rs 100 on receiving cash from him was not posted.
iv. Bill receivable for Rs 2,000 received from a debtor was not posted.

3. The following facts relate to the business of Roshan who requires you to reconcile his cash book with the pass
book balance.
Amt(Rs)
Balance as per cash book (Credit) 2,800
Unpresented cheques 3,440
Uncredited cheques 2,260
Additional Information
i. The debit side of the cash book (bank column) has been undercast by Rs 500.
ii. A cheque of Rs 200 paid to a creditor has been entered by mistake in the cash column.
iii. Bank charges Rs 80 have not been entered in the cash book.

4. There was a difference of ₹720 in the Trial Balance which has been transferred to the credit side of the Suspense
Account. Pass the rectifying entries and prepare a Suspense Account to rectify the following errors:
i. An amount of ₹375 now posted on the debit side of the Commission Account instead OF ₹275.
ii. Credit amount of ₹260 posted to the debit of the Personal Account as ₹360.
iii. Goods sold to Surinder recorded in Purchases Book ₹300.
iv. D's bill for erection of godown at a cost of ₹1,200 has been charged to the Repairs Account.

5. The Bank Column of Mukesh's Cash Book as on 31st March, 2018 showed an overdraft of Rs. 1,80,000. His Bank
Statement Showed an overdraft of Rs. 1,13,900. Prepare Bank Reconciliation Statement taking the following into
account:
i. Cheque deposited into bank but entry is not passed in the Cash Book. Rs. 3000.
ii. Cheque received and entered into the Cash Book but was not sent to bank. Rs. 10,000.
iii. Credit side of the Bank column casted short by Rs. 1,000
iv. Insurance premium paid directly by the bank under standing instructions was not recorded in the Cash
Book. Rs. 5,000
v. Bank charges entered in the Cash book twice. Rs. 100
vi. Cheque 'received' returned on technical grounds but entry was not passed. Rs. 4,000
vii. Cheque 'issued' returned on technical grounds but entry was not passed. Rs. 3,000
viii. Bill discounted dishonoured. Rs. 40,000
ix. Bills Recievable directly collected by the bank. Rs. 20,000
x. An amount of Rs. 1,00,000 being collection of Mahesh's cheque was wrongly credited to the account of
Mukesh by the bank in his bank statement.
6. Pass the rectification entries for the following transactions:
i. An amount of ₹2,000 received from Mohan on 1st April, 2021 had been entered in the Cash Book as
having been received on 31st March, 2021.
ii. The balance in the account of Rahim ₹1,000 had been written off as bad but no other account has been
debited.
iii. An addition in the Returns Inward Book had been cast ₹100 short.
iv. A cheque for ₹200 drawn for the Petty Cash Account has been posted in the account of Asif.
v. A discounted Bill of Exchange for ₹20,000 returned by the firm's bank had been credited to the Bank
Account and debited to Bills Receivable Account. A cheque was received later from the customer for
₹20,000 and duly paid.
vi. Ramesh's Account was credited with ₹840 twice instead of once.

7. From the following information ascertain the balance that would appear in the bank pass book of A on 31st
March, 2018:
i. Bank overdraft of Rs. 63,400 as per cash book on 31st March, 2018.
ii. Interest on overdraft for 6 months ended 31st March, 2018, Rs. 1,600 entered in the pass book and not
recorded in cash book.
iii. Bank charges of Rs. 300 for the above period are debited in the Pass Book and not recorded in Cash
Book.
iv. Cheques issued but not presented for payment prior to 31st March, 2018, amounted to Rs. 11,680.
v. Cheques deposited in the bank but not collected before 31st March, 2018 were for Rs. 21,700.
vi. Interest on investments collected by the bank and credited in the Pass Book, Rs. 12,000.
vii. Credit side of the Bank column of the Cash Book was undercast by Rs. 1,000.

8. Rectify the following errors and ascertain the amount of difference in trial balance by preparing suspense
account :
i. Credit sales to Mohan ₹ 7,000 were not posted.
ii. Credit purchases from Rohan ₹ 9,000 were not posted.
iii. Goods returned to Rakesh ₹ 4,000 were not posted.
iv. Goods returned from Mahesh ₹ 1,000 were not posted
v. Cash paid to Ganesh ₹ 3,000 was not posted.
vi. Cash sales ₹ 2,000 were not posted.