(a) On 30th Poush 2079, the bank statement of Info-Tech Company showed a balance of Rs. 11,400 and cash book showed the balance of Rs. 10,000. Other…
BBS Financial Accounting and Analysis · 2079 · Solved Question with Answer
(a) On 30th Poush 2079, the bank statement of Info-Tech Company showed a balance of Rs. 11,400 and cash book showed the balance of Rs. 10,000. Other data are:
A cheque of Rs. 2,100 deposited but recorded by bank as Rs. 1,200
A bill receivable of Rs. 5,000 and interest of Rs. 500 collected by bank only.
A customer's cheque for Rs. 2,000 was returned with the bank statement marked NSF
Bank service charge for the month Rs. 200
Deposit in transit of Rs. 6,000
Outstanding cheque Rs. 5,000 of the month.
Required: Bank Reconciliation statements as on 30th Poush 2079
(b) Differentiate between capital and revenue income.