Question

Balance as per Cash Book is Rs 5,000. Cheques issued but not presented for payment Rs 2,000 and cheques sent for collection but not collected Rs 1,500. The bank had wrongly debited the account of firm by Rs 20. Balance as per pass book will be:

• A. Rs 5,580
• B. Rs 5,480
• C. Rs 4,520
• D. Rs 5,520

Answer 1

The correct option is B

Rs 5,480

Debit balance as per Cash Book: Rs 5,000
Less: Cheques deposited but not cleared: Rs 1,500
Add: Cheques issued but not presented: Rs 2,000
Less: Wrong debit by bank: Rs 20
Balance as per pass book: Rs 5,480