Question

Overdraft as per pass book of P&Co. was Rs.$60,000$.
-The credit side of bank column of cash book was under cast by Rs.$200$.
-Interest on bank loan Rs.$4,000$ and bank charges of Rs.$1,150$ were not recorded in cash book.
Overdraft balance as per cash book should be _________.

• A. Rs.$65,350$
• B. Rs.$54,650$
• C. Rs.$57,350$
• D. Rs.$56,950$

Answer 1

Answer: (B)

Rs.$54,650$

The reconciliation is as follows :

	Particulars	Amount in Rs.
	Overdraft as per pass book	$60000$
Less	Under casting of the credit side of bank column of the cash book	$200$
Less	Interest on bank loan not recorded in cash book	$4000$
Less	Bank charges not recorded in cash book	$1150$
	Overdraft as per cash book	$54650$