There were standing instructions given to bank for payment of Rs 1,00,000 per month for 5 months to a supplier. The bank paid the supplier Rs 1,00,000 in the 6th month also which the supplier returned after 15 days in the same month. How should this be treated in the bank reconciliation statement?

Rs 1,00,000 shall be subtracted in cash book

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Rs 1,00,000 shall be added in cash book

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Rs 2,00,000 shall be added in cash book

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Solution

The correct option is D
None

It shall not be treated in the bank reconciliation statement, as it has been deducted & added in the same month.

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There were standing instructions given to bank for payment of Rs 1,00,000 per month for 5 months to a supplier. The bank paid the supplier Rs 1,00,000 in the 6th month also which the supplier returned after 15 days in the same month. How should this be treated in the bank reconciliation statement?

The correct option is D None It shall not be treated in the bank reconciliation statement, as it has been deducted & added in the same month.

The correct option is D
None

It shall not be treated in the bank reconciliation statement, as it has been deducted & added in the same month.