Q1.

Prepare bank reconciliation statement from the following information as on Dec 31, 2013
of Anas Brothers.
(i) Balance as per cash book 35000
(ii) Balance as per Bank statement 26000
(iii) Dishonored cheque of Shahid & Co. 21250
(iv) Uncleared cheque 11950
(v) Cash deposited on Dec 31, 2013 not shown at bank statement 10000
(vi) Collection of notes Receivable not recorded in cash book 6000
(vii) Direct deposit by a customer not recorded in cash book 6000
(viii) Unpresented cheques 21950
(ix) Collection charges debited by bank but not recorded in cash book 30
(x) Mark up credited by bank but not recorded in cash book 280

Q2. A study of cash record and bank statement of Naseem traders for the month of April, 2013
revealed the following information:
(i) Balance as per cash book 22500
(ii) Balance as per Bank statement 27000
(iii) April 30, deposit not shown in bank statement 5000
(iv) Cheques issued but not presented for payments 7000
(v) Cheque deposited by a customer directly in the firm’s bank
Account which was not recorded in the firm’s cash book 6000
(vi) Collection charges not recorded in the cash book 500
(vii) The bank had credited the firm’s account for mark up which
was not recorded in cash book 4000
(viii) A customer’s cheque was dishonoured by bank 7000
Required: (a) Prepare the Bank Reconciliation statement on April 30. 2013.
(b) Prepare necessary adjusting entries in General Journal

Q3. On comparison of the cash book (Bank column) with its bank statement of Aslam traders
for the month of July, 2013 revealed the following:
(i) Balance as per bank statement on July 31, 2013 was 57000
(ii) Balance as per Cash book on July 31, 2013 was 43000
(iii) Cheques issued during July 2013 but not presented 15000
(iv) Bank charges not entered in cash book 500
(v) Locker rent debited by bank not recorded in cash book 3500
(vi) Tax debited by bank not recorded in cash book 150
(vii) Cheques deposited on July 30, 2013 not shown in bank statement 5000
(viii) Direct deposit by a customer 6650
Required: Prepare the Bank Reconciliation statement on July 31, 2013.
Q4. On April 30, 2013 the following information is collected for the preparation of bank
reconciliation statement of Yousuf brothers.
(i) The balances of April 30, 2013 as per bank statement is Rs.75000 the cash book shows a
balance of Rs.99000
(ii) Uncleared cheque of Rs.30000
(iii) Cheque for Rs.20000 issued but not presented for payment in the bank
(iv) Cheque No.3456 for Rs.58000 issued for advertisement expense was recorded in the cash
book as Rs.85000
(v) A customer’s cheque for Rs.30000 was returned with the bank statement marked N.S.F.
(vi) A payment made to Usman & Co. for Rs.10900 after deduction of discount of Rs.100 online
but not recorded in the cash book
(vii) Withholding tax on cash withdrawals Rs.100 shown in the bank statement

Required: a) Prepare the Bank Reconciliation statement on April 30, 2013.

b) Prepare necessary adjusting entries in General Journal

Q5. The cash transactions and cash balances of Mehran Company for April, 2013 are
summarized below:
(i) On April 30, Cash book showed balance of Rs.7059.12 and balance as per Bank statement
was Rs.6678.67
(ii) Cash receipt of Rs.2187.03 on April 30 was not recorded by bank.
(iii) The following memoranda accompanied the Bank statement
(a) Debit memo for service charges Rs.7.56
(b) Debit memo for a cheque of Haroon marked NSF Rs.149.88.
(c) Credit memo for Rs.1452 representing the process for non-interest bearing a note
collected by bank for ABC Company. The note was for Rs.1464. The bank deducted collection
charges of Rs.12.
(iv) The following cheques had been issued but were still not presented for payment.
No.348 for Rs.302.40, No.351 for Rs.124.32, No.356 for Rs.85.30

Required: a) Prepare the Bank Reconciliation statement on April 30, 2013.

b) Prepare necessary adjusting entries in General Journal of Mehran Company

Q6: On Jan 31, 2013 the cash book of Zaheer showed a bank balance of Rs.5750 and Bank
statement showed a debit balance (overdrafts) of Rs.3500. On comparing the following
differences were revealed:
(i) A Cheque for Rs.16500 was deposited into the bank but not shown in the bank statement.
(ii) A Cheque drawn for RS.6000 was entered in cash book but not presented at the bank for
payment.
(iii) Accompanying the bank statement a cheque for Rs.150 returned unpaid.
(iv) Rs.1500 being the proceeds of a cheque collected, appeared in the bank statement.
(v) Bank charges of Rs.15 and interest on overdrafts Rs.85 appeared in the bank statement.

Required: a) Prepare the Bank Reconciliation statement on Jan 31, 2013.

b) Prepare necessary adjusting entries in General Journal.

Q7. A study of cash records for Noman Khan Traders for the month of December 2013 revealed
the following information:
(i) Cash book balance(Dr.) on December 31, 2013 was 5650.
(ii) Bank statement balance(Dr.) overdraft on December 31, 2013 was Rs.8780
(iii) Mark up charged by bank Rs.500 was not recorded in the cash book.
(iv) Service charges levied by the bank not recorded in the cash book Rs.150
(v) A cheque for Rs.9500 deposited into bank was wrongly entered into bank statement as
Rs.5900
(vi) Cheques outstanding Rs.5820
(vii) The Deposit of Rs.16000 on December 31, 2013 not shown on the bank statement.
(viii) Bank statement showed a direct deposit of Rs.1500 by a customer not recorded in the cash
book.
(ix) Accompanying the bank statement was a customer’s cheque for Rs.1200 which was
returned unpaid by bank.
(x) A cheque for Rs.800 issued in settlement of an account payable was erroneously entered
into cash book as Rs.500.

Required: a) Prepare the Bank Reconciliation statement on December 31, 2013.

b) Record necessary adjusting entries in General Journal.