MyQuestionIcon

1

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

Interest and Dividends Collected by Bank

There are 2 e...

Question

There are 2 entries in pass book: one for interest collected on investment by bankers of Rs 500 & the other for bank charges of Rs 100. How much shall be the net effect to the balance as per cash book?

A

Rs 600 shall be deducted

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

B

Rs 500 shall be added

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

C

Rs 400 shall be added

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

D

Rs 400 shall be deducted

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

Open in App

Solution

The correct option is C
Rs 400 shall be added

Rs 500 - Rs 100 shall be added to the cash book.

Suggest Corrections

thumbs-up

1

Similar questions

Q. From the following particulars, ascertain the bank balance as per the Pass Book as on 31st December.
1. The Bank balance as per Cash Book on the date was Rs.11500.
2. Check issued but not cashed before the date amounted to Rs.1,750
3. Checks paid to bank, but not cleared before December amounted to Rs.2150
4.Interest on Investments collected by the bank but not entered in the cash Book amounted to Rs 275.
5.Local cheque paid in but not entered in cash Book Rs.300.
6.Bank Charges debited in the Pass Book Rs.25.

Q. The cash book shows a balance of

R s . 11, 000

which was different from the pass book balance. The difference is found to be due to a credit entry in pass book amounting to

R s . 2, 000

for direct payment by a customer and a debit of

R s . 250

for bank charges on collection of outstation cheques and other services. What would be the balance as per bank pass book?

30

th September overdraft as per pass book of S LTd. was Rs.

32, 400

. The bank had directly collected dividend of other companies Rs.

1, 750

and interest Rs.

1, 200

. As per standing instruction bank had paid bills of Rs.

2, 454,

. Cheque deposited for Rs.

8, 929.60

was not credited in pass book. Balance as per cash book should be __________.

Q. Bank balance as per cash book (Dr.) Rs.

25, 450

. A comparison of pass book and cash book revealed the following:
- The bank had directly collected dividend of Rs.

400

and interest Rs.

300

.
- As per standing instruction bank had paid bills of Rs.

2, 000

.
Balance as per pass book will be ___________ .

Q. Bank balance as per pass book (Cr.) Rs.

5, 090

. A comparison of pass book and cash book revealed the following:
- The bank had directly collected dividend of Rs.

80

and interest Rs.

60

.
- As per standing instruction bank had paid bills of Rs.

400

.
Balance as per cash book will be _____________ .

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

Interest and Dividends Collected by Bank

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon