Question

The balance shown by bank column of cash book was $Rs.48,000$ on 31.1.18. A cheque issued worth $Rs.24,000$ on 16th Jan. was not cleared till 31st Jan. Cheque worth $Rs.10,000$ received on 20th Jan and deposited on 21st Jan. was cleared on 27-1-18. The balances as per pass book as on 31st January (assuming opening balance of pass book and cash book arc equal) is _____________.

• A. $Rs.14,000$
• B. $Rs.24,000$
• C. $Rs.72,000$
• D. $Rs.82,000$

Answer 1

The correct option is C $Rs.72,000$

The reconciliation statement is as follows:

	Particulars	Amount in Rs.
	Balance as per bank column of cash book as on 31.01.18	$48000$
Add	Cheque issued but not cleared	$24000$
	Balance as per pass book	$72000$

No adjustment is required for cheque of $Rs.10000$ as it has cleared in the month of January itself.