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Question

From the following particulars, find balance as per cash book as at March 31, 2018.
(i) Credit balance as per pass book Rs 5,200
(ii) Insurance premium paid directly by bank Rs 2,000
(iii) Direct deposit to bank by customers Rs 4,100
(iv) Interest credited by bank Rs 300


A

Rs.3,500 debit balance

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B

Rs.3,500 credit balance

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C

Rs.2,800 credit balance

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D

Rs.2,800 debit balance

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Solution

The correct option is D

Rs.2,800 debit balance


Particulars Amount
Credit balance as per pass book 5,200
Add:Insurance premium paid by bank 2,000
Less: Direct deposits by customers 4,100
Less: Interest credited by bank 300
Debit balance as per cash book 2,800

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