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Question

# Mr. X had two accounts, one current account and another saving bank A/c in a nationalized bank. He drew a cheque of Rs.5,000 on saving bank but credited to Current A/c in his cash book. Similarly a cheque of Rs.2,000 deposited in current A/c was debited to Saving Bank A/c. What would be effect of these errors in Bank pass books/ Bank statement of these two A/cs?

A
Current A/c balance would be more by Rs.3,000 and saving A/c balance less by Rs.3,000 .
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B
Current A/c balance would be more by Rs.2,000 and saving A/c balance less by Rs.5,000 .
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C
Current A/c balance would be less by Rs.5,000 and saving A/c balance more by Rs.2,000 .
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D
Current A/c balance would be more by Rs.5,000 and saving A/c balance less by Rs.2,000 .
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Solution

## The correct option is A Current A/c balance would be more by Rs.3,000 and saving A/c balance less by Rs.3,000 .A cheque of Rs.5000 was wrongly credited to current a/c. in the cash instead of savings a/c. so the pass book balance of savings account would be less by Rs.5000 and the current account pass book balance would be more by Rs.5000.Now, in case of second cheque of Rs.2000 it, was deposited in current a/c. but was debited to savings a/c. so, the pass book balance of savings a/c. would be more by Rs.2000 and the current a/c. balnce in the pass book would be less by Rs.2000So , net effect of both these errors would be that the current a/c balance would be more by Rs.3000 and the savings a/c. balance would be less by Rs.3000

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