Bank Reconciliation Statement and Cash Book

It is correct that Rs. 3,000 is to be entered in the debit side of bank column.
The outgoing cheque is recorded two times or twice in the credit side of bank column of Rs. 3,000. Hence, in the credit side of bank column, double of Rs. 3,000, i.e. Rs. 6,000 are entered. Therefore, to rectify this error, Rs. 3,000 will be entered in the debit side of the bank column. The net effect of this will be that Rs. 3,000 will be in the credit side of bank column (Rs. 6,000 in credit side -  Rs. 3,000 in debit side = Rs. 3,000 ).

It is correct.
Rs. 10,000 is credited to the bank column because it is not credited earlier. Rs. 10, 000, which was entered by mistake in the credit side of cash column, will be debited to cash column to rectify it.

This is correct. When we had issued the cheque to Mohit, we would have decreased our balance in bank thinking that Mohit would present it for payment. But it is not presented for payment till the date of preparation of Bank Reconciliation Statement and the balance at bank is not decreased. Hence, the balance, which was decreased before is not decreased actually and we have to increase it and by which the balance at bank is increased, is to be added in the balance as per cash book.

It is correct. We have to enter Rs. 1,000 in the credit side of bank column as it decreases the balance in the bank. But we have entered Rs. 1,000 in the debit side of bank column. Hence, double of Rs. 1,000, i.e. Rs. 2,000 will be entered in the credit side of bank column.

This is correct that no rectification is required. The cheque received from our customer is dishonoured when presented for payment. Hence, customer's account will be debited while journalising it. Therefore, while entering it in the Bank Column of Cash Book, it will be entered in its credit side as by customer's account. So, no rectification is required.

This is correct. Rs. 5,000 is to be entered in the credit side of bank column. Since we have entered two times or twice the cheque received from our customer M/s Ram and Sons, then we have entered Rs. 10,000 ( 2 x 5,000 (double of 5000)) in the debit side of bank column. Hence, Rs. 5,000 would be entered in the credit side of bank column to nullify the mistake made.

This is correct. When the cheque of Rs. 10,000 is sent to bank, the customer increases the balance in his books. But if it is not credited till the date of preparation of Bank Reconciliation, the customer has to decrease the balance by Rs 10,000. That by which the bank balance of the customer is decreased, is to be added in the balance as per pass book.

This is correct. The bank balance of the customer would be decreased because the bank has paid Rs 30,000 as life insurance premium on behalf of the customer. Hence, it is to be entered in credit side of bank column, but is entered in credit side of cash column. Therefore, Rs. 30,000 which is not entered in credit side of bank column would be entered now in its credit side. Rs. 30,000 which is entered in credit side of cash column by mistake would be entered now in its debit side.

This is correct. It is a contra transaction. As the balance at bank would increase when cash is deposited, it would be entered in debit side of bank column and credit side of cash book but the credit has not been given earlier.

This is correct. As the payment of only Rs. 1,450 is made through cheque by Rakesh, the bank balance should be decreased by Rs. 1,450 but Rakesh has entered Rs. 1,540 in the credit side of bank column. Therefore, Rs. 90 is entered in excess in the credit side (Rs. 1,540 Rs. 1,450). So, Rs. 90 would be entered in the debit side to rectify the mistake made or make amendments.

This is correct. Rs. 90 is entered in credit side of bank column. Rahul had to enter Rs.1, 320 in the credit side of bank column because it is the commission charged by bank. But Rahul has entered only Rs. 1,230 in the credit side of bank column. Further, Rs. 90 is entered in credit side of bank column (Rs. 1,320 - Rs. 1,230).

This is correct. The receipts side is the debit side of cash column or bank column. Hence, if the cash column is overcast by Rs. 2,100 it means that Rs. 2,100 is shown in excess in the debit side. Therefore, Rs. 2,100 is to be entered in the credit side of cash column to nullify the mistake made.

This is correct. The payment of machinery is made through cheque. Hence, Rs. 30,000 is to be entered in the credit side of bank column, but we have entered it in the credit side of cash column. So, Rs. 30,000 would be entered in the debit side of Cash Column to nullify the amount of Rs. 30,000. Rs 30,000, which is not entered before in the credit side of bank column, would be entered in its credit side now.

This is correct that no rectification is required.

The payment of furniture is made through cheque and hence the bank balance is decreased by Rs. 2,000. That by which the balance is decreased is entered in credit side of bank column. Hence, no rectification is required. It is immaterial that the furniture is purchased for personal or business use.

This is correct. The bank has collected dividend of Rs. 1,640 on our behalf, which is going to enhance our cash balance in the bank by Rs. 1,640. But we have entered only Rs. 1,460 in the debit side of bank column. Further, Rs. 180 is entered in the debit side of bank column (Rs. 1,640 - Rs. 1,460).

None of these is correct.

This is correct. The cheque of Rs. 20,000 is issued and hence our bank balance would be decreased by Rs. 20,000. So, we have to enter Rs. 20,000 in the credit side of bank column, but only Rs. 2,000 is entered in credit side of the bank column. Further Rs. 18,000 is to be entered in the credit side of bank column (Rs. 20,000 - Rs. 2,000).

This is correct.
The interest on securities collected by bank is of Rs. 3,230. Hence, the bank balance would be enhanced by it and is to be entered in the debit side of bank column. But instead of that, Rs. 3,320 is entered in debit side of cash column. Therefore, Rs. 3,320 entered in debit side of cash column by mistake is to be entered in the credit side of cash column to nullify it. Rs. 3,230, which is not entered before in the debit side of bank column would be entered in its debit side now.

This is correct. We have undercast the debit side of bank column by Rs. 4,100 as receipts side is the debit side. Rs. 4,100 is entered less in the debit side of bank column. Therefore, Rs. 4,100 is entered in the debit side of bank column to rectify the mistake made.

This is correct.

Interest of Rs. 500 is to be entered in the credit side of bank column. But it is entered in the credit side of cash column. Hence, Rs. 500 is to be entered in its debit side to nullify it. Rs. 500, which is not entered in the credit side of bank column before would be entered in its credit side now.

This is correct. The salary is paid by cheque of Rs. 10,000. Hence, it would decrease the bank balance by Rs. 10,000. Thus, Rs. 10,000 is to be entered in the credit side of bank column, but Rs.1, 00,000 is entered in the credit side. Therefore, Rs. 90,000 is entered in excess in the credit side (Rs. 1, 00,000 - Rs. 10,000 Rs. = 90,000). So, Rs. 90,000 is to be entered in the debit side to rectify the mistake made.

This is correct. The proprietor has introduced fresh capital of Rs. 20,000. Hence, cash would be increased by Rs. 20,000 and is to be entered in debit side of cash column as Rs. 20,000. But in the debit side of cash column, it is entered as Rs. 2,000 only as the entry is made in the correct side. Hence, further Rs. 18,000 would be entered in debit side of cash column (Rs. 20,000  -  Rs. 2,000 )

This is correct.

The dividend collected by bank is of Rs. 200 and hence bank balance would be increased by Rs. 200, which is to be entered in the debit side of bank column. But instead Rs. 2,000 is entered in its debit side. Thus, Rs. 1,800 is entered in excess in the debit side (Rs. 2,000 Rs. 200). Therefore, Rs. 1,800 would now be entered in the credit side of bank column to nullify the mistake made.

This is correct. When the bill is dishonoured on due date, which was discounted before the payment of the bill due is to be made to bank along with noting charge. The amount of bill is of Rs. 2,000 and noting charge is of Rs. 100. Hence, total is (Rs. 2,000 + Rs. 100 = Rs. 2,100). So, Rs. 2,100 is to be entered in credit side of bank column, but we have entered only Rs. 2,000. Thus, further Rs. 100 is to be entered in credit side of bank column (Rs. 2,100 - Rs. 2,000 = Rs.100 )