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Errors Committed in Recording Transactions

The bank char...

Question

The bank charges of Rs 100 were recorded twice in cash book. What will be the impact in BRS, if it starts with overdraft balance in pass book.

Overdraft balance will decrease by Rs 100

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Overdraft balance will increase by Rs 200

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Overdraft balance will increase by Rs 100

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Overdraft balance will decrease by Rs 1000

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Solution

The correct option is C
Overdraft balance will increase by Rs 100

Amount has been twice deducted in cash book & hence it shall be once more deducted in bank pass book. However it starts with overdraft balance, it will be increased.

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When overdraft as per Cash Book is the starting point, Bank charges of Rs 300 recorded twice in the pass book will be:

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2, 000

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