Question

Overdraft as per cash book of B & Co. was Rs. $30,000$.
- The credit side of bank column of cash book was under cast by Rs. $100$
- Interest on bank loan Rs. $2,000$ and bank charges of Rs. $575$ were not recorded in cash book.
Overdraft as per pass book should be _______ .

• A. Rs. $32,675$
• B. Rs. $27,325$
• C. Rs. $28,675$
• D. Rs. $28,475$

Answer 1

The correct option is A Rs. $32,675$

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Overdraft as per cash book	$30000$
Add	Credit side of bank column being under cast	$100$
Add	Interest on bank loan not recorded in cash book	$2000$
Add	Bank charges not recorded in cash book	$575$
	Overdraft as per pass book	$32675$