Question

Mr. $Y$ presented three cheques of $Rs.3,000,Rs.4,500$ and $Rs.3,600$ with the bank on $28thMarch,2014$. Out of these cheques amounting to $Rs.4,500$ and $Rs.3,000$ were shown in the pass book in the month of April $2014$. While reconciling the balance on $31-03-2014$ which of these cheques would be taken in reconciliation.

• A. $Rs.3,600$
• B. $Rs.3,000$
• C. $Rs.4,500$ and $Rs.3,000$
• D. None of these

Answer 1

The correct option is C $Rs.4,500$ and $Rs.3,000$

In the present case cheque amounting to $Rs.3000$ has been cleared in the month of March 2014 and whereas the remaining two cheques of $Rs.4500$ and $Rs.3600$ were showed in the pass book in the month of April 2014 which means they were cleared in April. But Mr. Y would have made the entries pertaining to all the three cheques in the month of March itself. And so while reconciling the balance as on $31-03-2014$ the two cheques of $Rs.4500$ and $Rs.3000$ would be considered for adjustments.