Rs 60 has been subtracted in our pass book on account of fees for issuing of new cheque book. How shall it be treated at the time of preparation of BRS?

Rs 60 shall be added

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Rs 60 shall be subtracted

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Rs 120 shall be added

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Rs 120 shall be added

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Solution

The correct option is B
Rs 60 shall be subtracted

Rs 60 shall be deducted from the cash book balance while preparation of BRS.

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Similar questions

Q. The pass book of Mr. Mohit current account showed a credit Balance of Rs.20,000 on dated December 31, 2005. Prepare a Bank Reconciliation Statement with the following information.
i) A cheque of Rs.400 drawn on his saving account has been shown on current account.
ii) He issued two cheques of Rs.300 and Rs.500 on of December 25, but only the 1st cheque was presented for payment.
iii) One cheque issued by Mr.Mohit of Rs. 500 on December 25, but it was not presented for payment whereas it was recorded twice in the cash book.

Q. The pass book shows and overdraft of Rs. 2,000. It was discovered that cheques of Rs. 200. Rs. 40 and Rs. 37 representatively has not been presented for payments and a cheque of Rs. 100 paid into account had not been cleared. The balance as per the cash book will be _____________.

Balance shown by Cash Book: Rs 10,000
Cheques issued but not presented for payment: Rs 4,000
Cheques deposited but not yet collected: Rs 3,000

Balance as per pass book shall be?

Prepare Bank Reconciliation Statement as on 31st January 2011 from the following details.
(i) Cash Book shows debit balance of Rs 5000 as on 31^stJanuary, 2011.
(ii) Out of cheques of Rs 8,000 issued, cheques of Rs 4,000 has not been presented for payment till 31^st January, 2011.
(iii) Bank commission Rs 75 debited in the Pass Book only.
(iv) Transferred Rs 2,000 from Fixed deposit account to Current account, but not recorded.
(v) A cheque of Rs 4,500 deposited into Bank but not cleared by Bank.
(vi) Divided collected by Bank, though recorded in the Pass Book, failed to be recorded in the Cash Book Rs 650.

Q. On

31

st December overdraft as per cash book- Rs.

16, 200

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

700

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

900

issued only cheques amounting to Rs.

825

were presented for payments.
Overdraft as per pass book will be _______ .

Rs 60 has been subtracted in our pass book on account of fees for issuing of new cheque book. How shall it be treated at the time of preparation of BRS?

The correct option is B Rs 60 shall be subtracted Rs 60 shall be deducted from the cash book balance while preparation of BRS.

The correct option is B
Rs 60 shall be subtracted

Rs 60 shall be deducted from the cash book balance while preparation of BRS.