Bank has credited an interest of Rs 1,200 in the pass book & charged a bank charge of Rs 100 for issue of debit card. Which of the following is true in this regard?

Rs 1,200 to be added in cash book balance

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Rs 1,100 shall be deducted from cash book overdraft

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Rs 1,100 shall be added to cash book balance

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Added to pass book balance

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Solution

The correct option is C
Rs 1,100 shall be added to cash book balance

Rs 1,100 shall be added to the cash book balance to make it equal to bank pass book.

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Similar questions

Q. On 31st March, 2018, the Cash Book of Rohan showed an overdraft of Rs. 5,600.
From the following particulars, prepare Bank reconciliation Staetment:
(i) Cheques issued but not credited before 31st March, 2018 amounted to Rs. 3,964.
(ii) Cheques deposited into the bank but not credited before 31st March, 2018 amounted to Rs. 4,891.
(iii) A Bill Recievable for Rs. 520 previously discounted with the bank had been dishonoured and bank charges debited in the pass book amounted to Rs. 55
(iv) Debit is made in the Pass Book for Rs. 120 on account of interest on overdraft.
(v) The bank has collected interest on investment and credited Rs. 760 in the Pass Book.

On 31^stDecember 2011 the pass book of Medha Traders showed a credit balance of Rs 10,000. On comparing the pass book with the cash book following difference were discovered.
(i) Cheques deposited with the Bank on 27^th December 2011, but collected by Bank on 5^th January, 2012 Rs 4,000.
(ii) Bank paid electricity charges Rs 180 directly not appeared in the cash book.
(ii) Cheque issued Rs 1,500 but not presented to the bank for payment.
(iv) Bank credited interest on fixed deposit Rs 250 and has charged Rs 50 for dishonour of the cheque. These transactions do not appear in the cash book.
(v) The debit column of bank in the cash book is under cast by Rs 100 Prepare bank Reconciliation statement.

Q. The cash book shows a bank balance of Rs.7,800. On comparing the cash book with pass book, the following discrepancies were noted
i) Cheque deposited in bank not credited,Rs.3,000.
ii) Cheque issued but not yet present for payment,Rs.1,500.
iii) Insurance premium paid by the bank, Rs.2,000.
iv) Bank interest credit by the bank, Rs.400.
v) Bank charges,Rs.100.
vi) Directly deposited by a customer,Rs.4,000.

Q. Prepare bank reconciliation statement.
i) Overdraft shown as per cash book on December 31, 2010 Rs. 10,000.
ii) Bank charges for the above period also debited in the pass book Rs. 100.
iii) Interest on overdraft for six months ending December 31, 2010, Rs. 380 debited in the pass book.
iv) issued but not incashed prior to December 31, 2010 amounted to Rs. 2,150.
v) Interest on Investment collected by the bank and credited in the pass book, Rs. 600.
vi) Cheques paid into bank but not cleared before December, 31 2010 were Rs. 1,100.

Overdraft shown by the pass book of Mr Murli is Rs. 20,000. Prepare bank reconciliation statement on dated December 31, 2010.

(i) Bank charges debited as per pass book, Rs. 500,

(ii) Cheques recorded in the cash book but not sent to the bank for collection, Rs. 2,500.

(iii) Received a payment directly from a customer, Rs. 4,600.

(iv) Cheque issued but not presented for payment, Rs. 6,980.

(v) Interest credited by the bank, Rs. 100.

(vi) LIC paid by the bank, Rs. 2,500.

(vii) Cheques deposited with the bank but not collected, Rs. 3,500.

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Bank has credited an interest of Rs 1,200 in the pass book & charged a bank charge of Rs 100 for issue of debit card. Which of the following is true in this regard?

The correct option is C Rs 1,100 shall be added to cash book balance Rs 1,100 shall be added to the cash book balance to make it equal to bank pass book.

The correct option is C
Rs 1,100 shall be added to cash book balance

Rs 1,100 shall be added to the cash book balance to make it equal to bank pass book.