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Standard XII

Accountancy

Stationary/ Food Supplies

Mr. A issued ...

Question

Mr. A issued cheques worth Rs. 10,000 in March 2014 out of which cheque worth Rs. 7,000 only were presented for payment by 31st March, 2014. While reconciling bank and cash book balance as on 31st March, 2014, how much would be added to balance as per cash book to arrive at balance as per Pass book

Rs. nothing

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Rs. 7,000

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Rs. 3,000

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Rs. 10,000

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Solution

The correct option is D Rs. 3,000
As cheque for 3000 was not presented therefore, only 3000 will be added in cash book at the time of bank reconciliation.

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The following particulars relate to the business of Varun on 31st March 2016

$\begin{matrix} Amt (Rs.) (i) & Cheques issued but not presented for payment & 34, 500 (i i) & Cheques paid into the bank but not yet collected & 7, 500 (i i i) & Interest credited by the bank but not entered in the cash book & 1, 650 (i v) & Bank charges debited in the pass book but not entered in the cash book & 105 (v) & Credit balance as shown by the pass book & 1, 06, 590 (v i) & Debit balance as shown by the cash book & 78, 045 \end{matrix}$

Prepare (a) Statement reconciling the bank balance as per cash book with that shown by the bank as on 31st March, 2016. (b) Statement reconciling the bank balance as per pass book with dept shown by the cash book as on 31st March, 2016.

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Mr. A issued cheques worth Rs. 10,000 in March 2014 out of which cheque worth Rs. 7,000 only were presented for payment by 31st March, 2014. While reconciling bank and cash book balance as on 31st March, 2014, how much would be added to balance as per cash book to arrive at balance as per Pass book

The correct option is D Rs. 3,000As cheque for 3000 was not presented therefore, only 3000 will be added in cash book at the time of bank reconciliation.

The correct option is D Rs. 3,000
As cheque for 3000 was not presented therefore, only 3000 will be added in cash book at the time of bank reconciliation.