The opening balance on the debit side of the bank column in Cash Book indicates ___________.

The total amount withdrawn from the bank

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The total amount deposited in the bank

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Cash at bank

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Bank overdraft.

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Solution

The correct option is C Cash at bank
The opening balance on the debit side of the bank column in Cash Book indicates Cash at bank

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Similar questions

Prepare a Bank Reconciliation Statement as on 30^thJune 2011 from the following details-
(i) Pass Book shows an overdraft of Rs 6,000
(ii) Bills Receivable amounting to Rs 3,500 discounted with the Bank, later dishonored, but not recorded in the Cash Book due to lack of information.
(iii) Cheques deposited into the Bank but not realized Rs 15,000
(iv) Cheques amounting to Rs 2,500 issued but not debited by Bank.
(v) Total of Cash Book debit side Bank column was short by Rs 560.
(vi) Transferred Rs 4,000 from current Account of fixed Deposit Account was not recorded in the Cash Book
(vii) Our customer directly deposited Rs 4,500 in our Bank A/c

Q. The cash book of N Ltd. showed debit balance of Rs.

6, 000

. A comparison of pass book and cash book revealed the following
-Cheques amounting of Rs.

250

has been dishonoured but not recorded in cash book.
-Total of credit side bank column in cash book was under cast by Rs.

475

Balance as per pass book will be ________.

Q. On 31st March, 2018, Cash Book of a merchant showed bank overdraft of ₹ 1,72,985. On comparing the Cash Book with Bank Statement, following discrepancies were noted:
(i) Cheques issued for ₹ 60.000 were not presented in the bank till 7th April, 2018.
(ii) Cheques amounting to ₹ 75.000 were deposited in the bank but were not collected
(iii) A Cheque of ₹ 15,000 received from Mahesh Chand and deposited in the bank was dishonoured but the non-payment advice was not received from the bank till 1st April, 2018.
(iv) ₹ 1,50,000 being the proceeds of a bill receivable collected appeared in the Pass Book but not in the Cash Book.
(v) Bank charges ₹ 1,500 and interest on overdraft 8,500 appeared in the Pass Book but not in the Cash Book.
(vi) Overdraft balance as per Cash Book of ₹ 500 on 28th February, 2018 was wrongly carried forward as debit balance. The error was noted at the time of preparing the Bank Reconciliation Statement as on 31st March, 2018.
Prepare Bank Reconciliation Statement and show what balance the Bank Pass Book would indicate on 31st March, 2018.

When bank column of a cash book shows a debit balance, what does it mean?

Q. On 31st March, 2019, Cash Book of a merchant showed bank overdraft of ₹ 1,72,985. On comparing the Cash Book with Bank Statement, following discrepancies were noted:
(i) Cheques issued for ₹ 60,000 were not presented in the bank till 7th April, 2019.
(ii) Cheques amounting to ₹ 75,000 were deposited in the bank but were not collected.
(iii) A Cheque of ₹ 15,000 received from Mahesh Chand and deposited in the bank was dishonoured but the non-payment advice was not received from the bank till 1st April, 2019.
(iv) ₹ 1,50,000 being the proceeds of a bill receivable collected appeared in the Pass Book but not in the Cash Book.
(v) Bank charges ₹ 1,500 and interest on overdraft ₹ 8,500 appeared in the Pass Book but not in the Cash Book.
(vi) Overdraft balance as per Cash Book of ₹ 500 on 28th February, 2019 was wrongly carried forward as debit balance. The error was noted at the time of preparing the Bank Reconciliation Statement as on 31st March, 2019.
Prepare Bank Reconciliation Statement.

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The opening balance on the debit side of the bank column in Cash Book indicates ___________.

The correct option is C Cash at bankThe opening balance on the debit side of the bank column in Cash Book indicates Cash at bank

The correct option is C Cash at bank
The opening balance on the debit side of the bank column in Cash Book indicates Cash at bank