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Opening a Bank Account

For which of ...

Question

For which of the following accounts do you get a cheque book, a pass book, and a pay-in-slip from the banks?

A

Fixed deposit account

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B

Recurring deposit account

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C

Savings bank account

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D

Current account

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Solution

The correct option is D Current account
The bank provides necessary documents like a passbook, a cheque book, and a pay-in-slip book in case of savings, current, and recurring deposit accounts. But in the case of a fixed deposit, a receipt for the term of deposit is provided.

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Q. On 31st March 2015 your bank Pass Book showed a balance of ₹ 6,000 to your credit. Before that date you had issued cheques amounting to ₹ 1,500 of which cheques worth ₹ 900 only have been presented. You also deposited cheques worth ₹ 2,000 of which cheque of ₹ 800 paid by you into bank on 29th March is not yet credited in Pass Book. You had also received a cheque for ₹ 160 which although entered by you in the bank column of the Cash Book, was omitted to be paid into the bank. On 31st March a cheque of ₹ 250 received by you was paid into the bank but the same was omitted to be entered in the cash book. There was a credit of ₹ 85 for interest on current account and debit of ₹ 10 for bank charges. Draw up a Reconciliation Statement showing adjustment between your Cash Book and pass book.

Q. Draw Bank Reconciliation Statement showing adjustment between your Cash Book and Pass Book as on 31st March, 2011.
(i) On 31st March, 2011 your pass book showed a balance of ₹ 6,000 to your credit.
(ii) Before that date, you had issued cheques amounting to ₹ 1,500 of which cheques of ₹ 900 have been presented for payment.
(iii) A cheque of ₹ 800 paid by you into the bank on 29th March, 2011 is not yet credited in pass book.
(iv) There was a credit of ₹ 85 for interest on Current Account in the pass book.
(v) On 31st March, 2011 a cheque for ₹ 510 received by you and was paid into bank but the same was omitted to be entered in cash book.

31

st December bank balance as per cash book (Dr.) Rs.

25, 450

. A comparison of pass book and cash book revealed the following:
- Cheque deposited for Rs.

500

was not credited in pass book.
- Out of cheques of Rs.

5, 000

issued only cheques amounting to Rs.

3, 750

were presented for payments.
Balance as per pass book will be___________ .

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