Which of the following shall be added in the closing balance of cash book while preparing BRS?
(1). Interest credited in the bank Rs 200
(2). Interest charged by bank Rs 200

Only A

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Only B

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Both A and B

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None of the above

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Solution

The correct option is A
Only A

Interest credited by bank shall be added to the closing balance as per cash book while preparing the BRS.

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Similar questions

Q. Overdraft as per pass book of P&Co. was Rs.

60, 000

.
-The credit side of bank column of cash book was under cast by Rs.

200

.
-Interest on bank loan Rs.

4, 000

and bank charges of Rs.

1, 150

were not recorded in cash book.
Overdraft balance as per cash book should be _________.

Find the balance as per cash book from following details:

Debit balance in passbook: Rs 6,700

Direct deposits by customers: Rs 4,800

Bank interest debited by bank: Rs 200

Insurance premium paid by bank: Rs 2,000

Q. From the following particulars a Bank Reconciliation Statement for the year ending on 31^stMarch 2011

(i) Bank balance as per Cash Book Rs 8,600
(ii) Cheques of Rs 4,000 issued but not presented for payment
(iii) Bank debited bank charges Rs 200
(iv) Cheque of Rs 2,800 deposited into the Bank but not Credited by Bank
(v) Bank paid Insurance Premium on our behalf directly Rs 2,500 not recorded in the Cash Book.
(vi) Bank Credited interest on investment Rs 1,900 but not recorded in the Cash Book.

Q. The cash book shows a bank balance of Rs.7,800. On comparing the cash book with pass book, the following discrepancies were noted
i) Cheque deposited in bank not credited,Rs.3,000.
ii) Cheque issued but not yet present for payment,Rs.1,500.
iii) Insurance premium paid by the bank, Rs.2,000.
iv) Bank interest credit by the bank, Rs.400.
v) Bank charges,Rs.100.
vi) Directly deposited by a customer,Rs.4,000.

Following are the entries recorded in the Cash Book (Book Column) of Deepali Traders for the month ended 31st March, 2011.

Cash Book (Bank Column Only)
Dr.			Cr.
Date	Receipts	Rs	Date	Payments	Rs
2011 Mar. 15 21 22 31	To Cash A/c To Razak’s A/c To Kavita’s A/c To Balance c/d	36,000 24,000 10,000 7,640	2011 Mar.1 4 6 15 20	By Balance b/d By Jonny’s A/c By Roma’s A/c By Ashish ‘s A/c By Patil’s A/c	40,000 2,000 400 240 35,000
		77,640			77,640

On 31^st March 2011, Deepali Trader’s received the Bank Statement, on comparing it with the Cash Book following information was available.
(i) Cheque of Rs 10,000 deposited into the Bank not Credited by Bank.
(ii) Bank charges debited by Bank not entered in the Cash Book Rs 340.
(iii) Interest on Ovendraft debited Rs 1,000 by Bank but not recorded in the Cash Book
(iv) Bank transferred and credited Rs 200 in the Pass Book, not recorded in the Cash Book
(v) Cheques issued but not presented to the Bank Rs 37,400
(vi) Interest on Securities Rs 1,080 and Dividend on shares Rs 1,000 collected and Credited by Bank, not entered in the Cash Book.

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Which of the following shall be added in the closing balance of cash book while preparing BRS? (1). Interest credited in the bank Rs 200 (2). Interest charged by bank Rs 200

The correct option is A Only A Interest credited by bank shall be added to the closing balance as per cash book while preparing the BRS.

Which of the following shall be added in the closing balance of cash book while preparing BRS?
(1). Interest credited in the bank Rs 200
(2). Interest charged by bank Rs 200

The correct option is A
Only A

Interest credited by bank shall be added to the closing balance as per cash book while preparing the BRS.