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From the following particulars, prepare a Bank Reconciliation Statement for Vinayak Ltd. as on 31.3.2023 (1) Balance as per cash book is ` 4,80,000. (2) Cheques issued but not presented in the bank amounts to ` 2,72,000. (3) Bank charges amounts to ` 1,200. (4) Interest credited by bank amounts to ` 6,000.?
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From the following particulars, prepare a Bank Reconciliation Statemen...
Bank Reconciliation Statement for Vinayak Ltd. as on 31.3.2023:
Explanation:
- Balance as per cash book: ` 4,80,000
- Add: Interest credited by bank: ` 6,000
- Less: Bank charges: ` 1,200
- Total: ` 4,85,800
- Less: Cheques issued but not presented in the bank: ` 2,72,000
- Adjusted Bank Balance: ` 2,13,800
Explanation:
- Balance as per cash book: This is the opening balance of the cash book as on 31.3.2023.
- Interest credited by bank: This is the interest earned by the company on its bank balance, which is added to the cash book balance.
- Bank charges: This is the bank charges levied by the bank on the company's account, which is deducted from the cash book balance.
- Cheques issued but not presented in the bank: These are the cheques issued by the company but not yet presented to the bank for payment. This amount is deducted from the adjusted bank balance to arrive at the actual bank balance.
- Adjusted Bank Balance: This is the balance that is arrived at after adjusting the cash book balance for interest and bank charges and deducting the cheques issued but not presented.
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From the following particulars, prepare a Bank Reconciliation Statement for Vinayak Ltd. as on 31.3.2023 (1) Balance as per cash book is ` 4,80,000. (2) Cheques issued but not presented in the bank amounts to ` 2,72,000. (3) Bank charges amounts to ` 1,200. (4) Interest credited by bank amounts to ` 6,000.?
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From the following particulars, prepare a Bank Reconciliation Statement for Vinayak Ltd. as on 31.3.2023 (1) Balance as per cash book is ` 4,80,000. (2) Cheques issued but not presented in the bank amounts to ` 2,72,000. (3) Bank charges amounts to ` 1,200. (4) Interest credited by bank amounts to ` 6,000.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about From the following particulars, prepare a Bank Reconciliation Statement for Vinayak Ltd. as on 31.3.2023 (1) Balance as per cash book is ` 4,80,000. (2) Cheques issued but not presented in the bank amounts to ` 2,72,000. (3) Bank charges amounts to ` 1,200. (4) Interest credited by bank amounts to ` 6,000.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following particulars, prepare a Bank Reconciliation Statement for Vinayak Ltd. as on 31.3.2023 (1) Balance as per cash book is ` 4,80,000. (2) Cheques issued but not presented in the bank amounts to ` 2,72,000. (3) Bank charges amounts to ` 1,200. (4) Interest credited by bank amounts to ` 6,000.?.
From the following particulars, prepare a Bank Reconciliation Statement for Vinayak Ltd. as on 31.3.2023 (1) Balance as per cash book is ` 4,80,000. (2) Cheques issued but not presented in the bank amounts to ` 2,72,000. (3) Bank charges amounts to ` 1,200. (4) Interest credited by bank amounts to ` 6,000.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about From the following particulars, prepare a Bank Reconciliation Statement for Vinayak Ltd. as on 31.3.2023 (1) Balance as per cash book is ` 4,80,000. (2) Cheques issued but not presented in the bank amounts to ` 2,72,000. (3) Bank charges amounts to ` 1,200. (4) Interest credited by bank amounts to ` 6,000.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following particulars, prepare a Bank Reconciliation Statement for Vinayak Ltd. as on 31.3.2023 (1) Balance as per cash book is ` 4,80,000. (2) Cheques issued but not presented in the bank amounts to ` 2,72,000. (3) Bank charges amounts to ` 1,200. (4) Interest credited by bank amounts to ` 6,000.?.
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