Question

Debit balance as per Cash Book of ABC Enterprises as on 31.3.2018 is Rs 1,500. Cheques deposited but not cleared amounts to Rs 100 and cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per pass book should be ___.

• A. Rs 1600
• B. Rs 1450
• C. Rs 1850
• D. Rs 1650

Answer 1

The correct option is D

Rs 1650

Rs 1500 - Rs 100 + Rs 150 + Rs 50 + Rs 50 = Rs 1650