On December 31, the cash book of M/s. Mona Plastics shows the bank balance as Rs.6,500. Firm issued cheques of Rs. 1,000 to a creditor Mr. Ram but his bag was lost while he was travelling to his house. What shall be the balance as per bank statement after such a situation?

Rs 5,500

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Rs 7,500

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Rs 6,500

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None of the above

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Solution

The correct option is B
Rs 7,500

It shall be Rs 6,500 + Rs 1000 Cheque not presented, hence bank balance would be more than cash book balance.

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Similar questions

From the following particulars, prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2010.

(i) Two cheques of Rs. 2,000 and Rs. 5,000 were paid into the bank in October 2010 but were not credited by the bank in the month of December.

(ii) A cheque of Rs. 800 which was received from a customer was entered in the bank column of the cash book in December 2009 but was omitted to be banked in December 2009.

(iii) Cheques for Rs. 10,000 were issued into the bank in January 2010 but not debited by the bank on December 31, 2010.

(iv) Interest on Investment Rs. 1,000 collected by bank appeared in the passbook.

Balance as per passbook was Rs. 50,000.

There were 2 cheques worth Rs 5,000 each given to a creditor. He lost one cheque while he was travelling to his office. This transaction will lead to cash book showing a less balance of Rs ___

Q. On

31

st December balance as per pass book(Cr.) Rs.

50, 900

. A comaparison of pass book and cash book revealed the following.
-Cheque deposited for Rs.

1, 000

was not credited in pass book.
-Out of cheques of Rs.

10, 000

issued only cheques amounting to Rs.

7, 500

were presented for payments.
Balance as per cash book will be ___________.

Q. From the following particulars prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2010.
i) Two cheques of Rs 2,000 and Rs 5,000 were paid into bank in October, 2010 but were not credited by the bank in the month of December.
ii) A cheque of Rs 800 which was received from a customer was entered in the bank column of the cash book in December 2009 but was omitted to be banked in December, 2009.
iii) Cheques for Rs 10,000 were issued into bank in January 2010 but not credited by the bank on December 31,2010.
iv) Interest on investment Rs 1,000 collected by bank appeared in the pass book.
Balance as per pass book was Rs 50,000.

From the following particulars prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2016.

(a)	Two cheques of Rs 2,000 and Rs 5,000 were paid into bank in October, 2016 but were not credited by the bank in the month of December.
(b)	A cheque of Rs 800 which was received from a customer was entered in the bank column of the cash book in December 2016 but was omitted to be banked in December, 2016.
(c)	Cheques for Rs 10,000 were issued into bank in November 2016 but not credited by the bank on December 31, 2016.
(d)	Interest on investment Rs 1,000 collected by bank appeared in the passbook.

Balance as per Passbook was Rs 50,000

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On December 31, the cash book of M/s. Mona Plastics shows the bank balance as Rs.6,500. Firm issued cheques of Rs. 1,000 to a creditor Mr. Ram but his bag was lost while he was travelling to his house. What shall be the balance as per bank statement after such a situation?

The correct option is B Rs 7,500 It shall be Rs 6,500 + Rs 1000 Cheque not presented, hence bank balance would be more than cash book balance.

The correct option is B
Rs 7,500

It shall be Rs 6,500 + Rs 1000 Cheque not presented, hence bank balance would be more than cash book balance.