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Standard XI

Accountancy

Interest and Dividends Collected by Bank

The balance a...

Question

The balance as per pass book & cash book was Rs 10,000. The bank has allowed Rs 1,000 interest on saving account to customer. Because of such interest, pass book balance has become ___ .

Rs 12,000

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Rs 11,000

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Rs 9,000

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None of the above

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Solution

The correct option is B
Rs 11,000

Because of such interest, pass book balance shall become Rs 11,000.

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The balance as per pass book & cash book was Rs 10,000. The bank has allowed Rs 1,000 interest on saving account to customer. Because of such interest, pass book balance has become ___ .

The correct option is B Rs 11,000 Because of such interest, pass book balance shall become Rs 11,000.

The correct option is B
Rs 11,000

Because of such interest, pass book balance shall become Rs 11,000.