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Question
On 30th September overdraft as per pass book of S LTd. was Rs.32,400. The bank had directly collected dividend of other companies Rs.1,750 and interest Rs.1,200. As per standing instruction bank had paid bills of Rs.2,454,. Cheque deposited for Rs.8,929.60 was not credited in pass book. Balance as per cash book should be __________.
On 30th September overdraft as per pass book of S LTd. was Rs.32,400. The bank had directly collected dividend of other companies Rs.1,750 and interest Rs.1,200. As per standing instruction bank had paid bills of Rs.2,454,. Cheque deposited for Rs.8,929.60 was not credited in pass book. Balance as per cash book should be __________.
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Solution
The correct option is A Overdraft of Rs.23,966.40
The reconciliation is as follows :
Particulars Amount in Rs. Overdraft as per pass book 32400 Add Dividend directly collected by bank 1750 Add Interest directly collected by bank 1200 Less Bills paid by bank as per standing instruction 2454 Less Cheque deposited but not credited in pass book 8929.60 Overdraft as per cash book 23966.4
The reconciliation is as follows :
| Particulars | Amount in Rs. | |
| Overdraft as per pass book | 32400 | |
| Add | Dividend directly collected by bank | 1750 |
| Add | Interest directly collected by bank | 1200 |
| Less | Bills paid by bank as per standing instruction | 2454 |
| Less | Cheque deposited but not credited in pass book | 8929.60 |
| Overdraft as per cash book | 23966.4 |
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