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Interest and Dividends Collected by Bank

Balance as pe...

Question

Balance as per cash book is less than the balance as per bank pass book by Rs 1,000. What could be the probable cause of difference?

A

Interest charged by bank of Rs 1,000

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B

Interest credited by bank of Rs 1,000

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C

Bank charges of Rs 1,000

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D

None of the above

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Solution

The correct option is B
Interest credited by bank of Rs 1,000

The cause of difference shall be the interest credited by bank of Rs 1,000.

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