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Cheques Issued but Not Presented

The cash book...

Question

The cash book shows a debit balance of 2,370 but bank statement gives a different figure. The difference found are a Cheque for Rs 700 paid to creditors is not entered in the bank pass book. What shall be done to cash book in this case?

A

Rs 700 shall be added

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B

Rs 700 shall be subtracted

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C

Rs 1,400 shall be added

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D

Rs 1,400 shall be subtracted

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Solution

The correct option is A
Rs 700 shall be added

Rs 700 shall be added to cash book as the same transaction is not appearing in bank pass book.

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1. The Bank balance as per Cash Book on the date was Rs.11500.
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Q. Following facts relate to the business of Roshan who requires you to reconcile his Cash Book with the Pass Book balance:
Balance as per Cash Book (Cr.) - Rs. 2,800
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Uncredited cheques - Rs. 2,260
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Q. Prepare Bank Reconciliation Statement as on 30th September, 2016 from the following particulars:

	₹
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(iv) Insurance premium paid directly by the bank.	800
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