- Enter the following particulars into a saving bank pass book.
(a) Balance brought forward: 2250
(b) By cash: 3500 on 06-06-2012
(c) To self: 1250 on 11-06-2012
(d) By bank draft:4800 on 23- 06-2012
(e) By cheque no. 323263: 750 on 30-06-2012
Solution:
| Date | Particulars | Cheque No. | Debit | credit | Balance |
| 01-06-2012 | balance | 2,250.00 | |||
| 06-06-2012 | by cash | 3,500.00 | 5,750.00 | ||
| 11-06-2012 | to self | 1,250.00 | 4,500.00 | ||
| 23-06-2012 | by bank draft | 4,800.00 | 9,300.00 | ||
| 30-06-2012 | by cheque | 323263 | 750.00 | 10,050.00 |
- The particulars of a SB account is given here. Calculate the monthly interest on daily product basis
| Date | Particulars | Cheque No. | Debit | credit | Balance |
| 01-05-2010 | balance B/F | 2,842.00 | |||
| 04-05-2010 | By cash | 4,600.00 | 7,442.00 | ||
| 12-05-2010 | to Geetha | 843655 | 2,500.00 | 4,942.00 | |
| 21-05-2010 | By self | 800.00 | 4,142.00 | ||
| 30-05-2010 | By Cheque | 560090 | 7,500.00 | 11,642.00 |
Solution:
The daily product for the month is calculated as follows:
Daily product for 3 days (from 1st to 3rd ) = 2,842×3 = 8,526
Daily product for the W and t 8 days (from 4th to 11th) = 7,442×8 = 59,536
Daily for the next 9 days (from 12th to 20th) = 4,942×9 = 44,478
Daily for the 9 days (from 21st to 29th) = 4,142×9 = 37,278
Daily for one day (to 30th) = 11642×1 = 11,642
Daily product for may 2010 =1,61,460
Interest for the month at the rate of 4% PTR/100 = 161460×4/100×365 = 17.69 = 18.00
- Pranava frequently uses his debit card for online shopping. In a month, he had an in initial amount of 9,800 in a bank. He credited 11,000 to his account on 07.12.2011. He used his card for online shopping and an amount of 6,125 was debited from his account. He credited 3,400 on 19.12.2011 by cheque no 565677. Enter these particulars in to SB account and find interest at 4% per annum on daily product basis.
Solution:
| Date | Particular | cheque No. | Debit | credit | Balance |
| 01-12-2011 | Balance B/F | 9800.00 | |||
| 07-12-2011 | By cash | 11,000.00 | 20,800.00 | ||
|
|
To | 6,125.00 | 14,675.00 | ||
| 19-12-2011 | By cheque | 787865 | 3,400.00 | 18,075.00 | |
| 24-12-2011 | To cheque | 123432 | 4,800.00 | 13,275.00 | |
|
|
To cheque | 565677 | 750.00 | 12,525.00 |
- The entries in an SB account pass book are given below. Calculate the interest at 4% per annum for the month on daily product basis.
| Date | Particular | cheque No. | Debit | credit | Balance |
| 01-01-2009 | Balance B/F | 6,400.00 | |||
| 05-01-2009 | By cash | 2,200.00 | 8,600.00 | ||
| 10-01-2009 | To Cheque | 945800 | 1250.00 | 7,350.00 | |
| 21-01-2009 | By cash | 7,800.00 | 15,150.00 | ||
| 27-01-2009 | by cheque | 663119 | 750.00 | 15,900.00 | |
| 30-01-2009 | by cheque | 123422 | 2,100.00 | 13,800.00 |
Solution:
The daily product for the month is calculated as follows:
6,400 × 4 = 25,600.00
8,600 × 5 = 43,000.00
7,350 × 11 = 80.850.00
15,150 × 8 = 90,900.00
15,900 × 3 = 47,470.00
13,800 × 2 = 27,600.00
total 3,15,650.00
Interest for the month = PTR/100 = 315650×1×4/365×100 = Rs. 34.59 = 35.00
- Kruthi opens SB account in a bank on 4.6.2010 with an initial deposit of 1,500. She credits 4,00 to her account on 09-06-2010. She receives a banker cheque in her name for 10,200 on her name and she deposits it to her account on 20.06.2010. she issues a cheque (no. 2290898) for her brother for 4,500 on 21.06.2010. she deposits 2,500 on 24-06-2010 and withdraws 1,000 on 30-6-2010. Enter these into SB account pass book and find the interest she gets for the month on daily product basis.
Solution:
| Date | Particular | cheque No. | Debit | credit | Balance |
| 04-06-2010 | Open SB A/C | 1,500.00 | |||
| 09-06-2010 | 4,000.00 | 5,500.00 | |||
| 20-06-2010 | By Cheque | 10,200.00 | 15,700.00 | ||
| 21-06-2010 | To cheque | 2290898 | 4,500.00 | 11,200.00 | |
| 24-06-2010 | by cash | 2,500.00 | 13,700.00 | ||
| 30-06-2010 | to self | 1,000.00 | 12,700.00 |
The daily product for the month is calculated as follows:
1,500 × 5 = 7,500.00
5,500 × 11 = 60,500.00
15,700 × 1 = 15,700.00
11,200 × 3 = 33,600.00
13,700 × 6 = 82,200.00
12,700 × 1 = 12,700.00
Total 2,12,200.00
Interest for the month = PTR/100 = 212200×1×4/365×100 = Rs. 23.25 = 23
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