Question

Mr. X issued cheques worth 15,000 in March 2018 out of which cheques worth 10,000 only were presented for payment by 31st March, 2018. While reconciliation bank and cash book balance as on 31st March, 2018, what amount should be added to balance as per cash book to arrive at balance as per pass book?

• A. Rs 5,000
• B. Rs 7,500
• C. Rs 10,000
• D. Rs 15,000

Answer 1

The correct option is A

Rs 5,000

Cheques worth Rs 5,000 are not appearing in bank statement & hence it shall be added to cash book balance.