Question

Bank balance as per cash book is Rs.12,000, taking into account cheques worth Rs 5,000 issued to suppliers which were not reflected in the bank statement. The balance as per bank statement shall be:

• A. Rs 12,000
• B. Rs 7,000
• C. Rs 17,000
• D. None of the above

Answer 1

The correct option is C

Rs 17,000

It shall be Rs 12000 + Rs 5000 Cheque not presented, hence bank balance would be more than cash book balance.