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Question 23 of 32
Q.

(a) The following balances are extracted from the books of Ravichandran on 31st December, 2016. Prepare the Trial Balance.

ParticularsRs.ParticularsRs.
Capital1,50,000Sales75,000
Debtors22,800Return inwards1,000
Rent Received500Discount Allowed800
Bank Overdraft3,100Discount Received1,000
Creditors5,500Wages2,900
Premises1,46,000Salaries3,500
Opening Stock10,000Commission Paid1,100
Purchases45,000General expenses2,000

OR

(b) Prepare bank Reconciliation statement from the following data and find out the balance as per Cash book as on 31st March, 2018.

ParticularsRs.
(i) Bank balance as per bank statement15,000
(ii) Cheques issued but not yet presented for payment2,500
(iii) Bank charges not recorded in the cash book250
(iv) Interest charged by bank not recorded in the cash book500
(v) Bank paid insurance premium as per standing instruction but not recorded in the cash book300
(vi) Cheques deposited but not yet credited900
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2024Subjective· 5mImportance★★★★★
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(a) Trial Balance agrees at Rs. 2,35,100. (b) Starting from bank statement balance Rs. 15,000, the cash book balance is Rs. 14,450.

(a) Trial Balance of Ravichandran as on 31 December 2016

ParticularsDebit (Rs.)Credit (Rs.)
Capital1,50,000
Debtors22,800
Rent Received500
Bank Overdraft3,100
Creditors5,500
Premises1,46,000
Opening Stock10,000
Purchases45,000
Sales75,000
Return Inwards1,000
Discount Allowed800
Discount Received1,000
Wages2,900
Salaries3,500
Commission Paid1,100
General Expenses2,000
Total2,35,1002,35,100

(b) Bank Reconciliation Statement as on 31 March 2018 (to find the Cash Book balance)

ParticularsPlus (Rs.)Minus (Rs.)
Balance as per Bank Statement15,000
Less: Cheques issued but not yet presented (cash book already reduced)2,500
Add: Bank charges not recorded in cash book250

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