Purchases, Sales And Creditors Solution-Accountancy, Banking and Business Administration-Assignment Solution, Exercises of Business Administration

Download Purchases, Sales And Creditors Solution-Accountancy, Banking and Business Administration-Assignment Solution and more Exercises Business Administration in PDF only on Docsity! Solution of Assignment No. 02 (i) Marks: 18+2 (2 marks of formatting) Silicon Corporation Bank Reconciliation Statement As on 31st December, 2011 Particulars Nature Rs. Rs. Bank overdraft balance as per the Cash book Credit 60,000 Add: Cheques deposited but not collected Credit 500 Bank charges not recorded in Cash Book Credit 4,000 Interest charges not recorded in Cash Book Credit 1,200 Unrecorded insurance premium Credit 200 65,900 Less: Amount collected by the bank not recorded in the Cash book Debit 1,500 Cheque issued but not presented for payment. Debit 8,000 Cheque not debited by bank Debit 1,000 Dividend collected by the bank not recorded in the Cash book Debit 1,000 11,500 Balance as per Pass book (debit balance) 54,400 (ii) Marks: 10 Journal Entries Particulars L.F Debit Rs. Credit Rs. Interest on overdraft a/c To Bank a/c 4,000 4,000 Bank charges a/c To Bank a/c 1,200 1,200 Insurance Premium a/c To Bank a/c 200 200 Bank a/c To Dividend a/c 1,000 1,000 Bank a/c To Mr. ABC a/c 1,500 1,500 docsity.com