Question

On $30$th September overdraft as per cash book of Z Ltd. was Rs.$81,000$. The bank had directly collected dividend of other companies Rs.$4,375$ and interest Rs.$3,000$. As per standing instruction bank had paid bills of Rs.$6,135$. Cheque deposited for Rs.$22,324$ was not credited in pass book. With the help of above information balance as per pass book should be ____________.

• A. overdraft of Rs.$59,916$
• B. overdraft of Rs.$1,16,834$
• C. overdraft of Rs.$1,02,084$
• D. overdraft of Rs.$45,166$

Answer 1

The correct option is C overdraft of Rs.$1,02,084$

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Overdraft as per cash book	$81000$
Less	Dividend directly collected by bank	$4375$
Less	Interest directly collected by bank	$3000$
Add	Bills directly paid by bank as per standing instruction	$6135$
Add	Cheque deposited but not credited in cash book	$22324$
	Overdraft as per pass book	$102084$