CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Cheques Issued but Not Presented

The company m...

Question

The company made a purchases of Rs 3,30,000 on credit in the month of May. The creditor was paid one cheque of Rs 2,00,000 in the month of June & another cheque of Rs 1,30,000 in the month of July. Cheque issued in the month of July was presented for payment in August. In which of the following months will there be a difference in bank account as per cash book & bank balance as per bank pass book?

A

May

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

June

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

July

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

August

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
July

Difference shall arise in the month of July in which the cheque of Rs 1,30,000 was deducted from cash book but not from bank.

Suggest Corrections

thumbs-up

0

Similar questions

A cheque of Rs 10,000 was deposited in the bank but due to updation in the software, this cheque could not be cleared by bank till the last day of the month. Will the balance as per bank`s pass book & cash book tally?

Cheque paid into bank were of Rs 25,000 but the cheque of Rs 10,000 were cleared & credited in our account by bankers which was evident from the bank statement received on the last day of the month. If closing balance as per cash book is Rs 50,000, what will be the balance after the above situation?

31

st December bank balance as per cash book (Dr.) Rs.

25, 450

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

500

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

5, 000

issued only cheques amounting to Rs.

3, 750

were presented for payments.
Balance as per pass book will be___________ .

Q. From the following particulars prepare a bank reconciliation statement showing the balance as per cash book on December 31, 2010.
i) Two cheques of Rs 2,000 and Rs 5,000 were paid into bank in October, 2010 but were not credited by the bank in the month of December.
ii) A cheque of Rs 800 which was received from a customer was entered in the bank column of the cash book in December 2009 but was omitted to be banked in December, 2009.
iii) Cheques for Rs 10,000 were issued into bank in January 2010 but not credited by the bank on December 31,2010.
iv) Interest on investment Rs 1,000 collected by bank appeared in the pass book.
Balance as per pass book was Rs 50,000.

Q. Bank balance as per cash book (Dr.) of NZ & Co. was Rs.

1, 050

-Bank charges not recorded in cash book was Rs.

180

750

was directly paid by customer into bank was not recorded in cash book.
-Debit side of cash book was undercast by Rs.

100

-Cheque deposited for Rs.

700

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

900

issued but not presented for payments.
If BRS is prepared after adjusting cash book, balance as per Adjusted Cash book should be Rs.________ and balance as pass book should be Rs.__________

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Bank Reconciliation Part 1

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Cheques Issued but Not Presented

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon