Question

From the following particulars, find balance as per cash book as at March 31, 2018.
(i) Debit balance as per pass book Rs 8,250
(ii) Cheques issued but not presented Rs 2,750
(iii) Direct deposit to bank by customers Rs.2,200
(iv) Dividend received directly into the bank account Rs 300

• A. Rs.14,500 credit balance
• B. Rs.13,500 debit balance
• C. Rs.13,500 credit balance
• D. Rs.14,500 debit balance

Answer 1

The correct option is C

Rs.13,500 credit balance

Particulars Amount Debit balance as per pass book(Overdraft) 8,250 Add:Cheques issued but not presented 2,750 Add: Direct deposits by customers 2,200 Add: Dividend received directly 300 Credit balance as per cash book(Overdraft) 13,500