Favourable balance as per Cash Book Rs. 5,000. Debit side of Cash Book under cast by Rs. 2.000. Cheque deposited into bank Rs. 3,000 dishonoured but no entry for dishonour is made in cash book. Balance as per Pass Book is :
When balance as per Pass Book is the starting point, interest allowed by Bank is
When drawing up a Bank Reconciliation Statement, if you start with a debit balance as per the Bank Statement, the unpresented cheques should be:
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 is Rs. 1,500. Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per pass book should be
When the balance as per Cash Book is the starting point, direct deposits by customers are.
If the balance as per Pass Book is the starting point, so the treatment of undercasting of receipt side of Cash Book will be :
Bank Overdraft as per cash book is Rs. 10,500. Interest debited by bank Rs. 3,500 for which advice was not received by account holder. Cheques deposited but not credited by bank Rs. 7,500. Cheques issued but not yet presented Rs. 9,500. What is the Overdraft amount as per Pass Book?
When the balance as per Pass Book is the starting point, uncollected cheques are:
When preparing a Bank Reconciliation Statement, if you start with a debit balance as per the Cash Book, cheques issued but not presented within the period should be:
When balance as per Cash Book is the starting point, uncollected cheques are:
Direct payment to the third party on behalf of the account holder is entered in
A Bank Statement is a copy of
The bank charged Rs. 1,000 as bank charges to a client and communicates the same to him. The accountant records it in the bank account in books. Later on the bank realizes that the charges were wrongly charged and reverses the same, but forgot to communicate the same to the client. If the accountant is starting with the bank balance as per bank account in books, what will be the treatment in Bank Reconciliation statement to arrive at balance as per Bank statement:
When over draft as per cash book is the starting point, a cheque of Rs. 5,500 was deposited in bank and duly credited by bank but not recorded in cash book, _________ in bank reconciliation statement
A Bank Reconciliation Statement is prepared with the help of :
Which of the following is not salient feature of bank reconciliation statement?
On 31.3.13, the balance of the bank book is Rs. 7,074 (Credit and balance as per bank statement is Rs. 3,159 (Debit). On scrutiny it was found that the difference was due to cheques issued but yet not presented for payment. The bank balance as on 31.3.13 will be shown in the Balance Sheet as:
ABC Co. has issued a cheque to its suppliers for an amount of Rs. 10,000 but the accountant of the company by error has recorded the payment as Rs. 1,000 This error can be primarily identified on preparing ___________.
Bank overdraft as per Cash Book on 31st May, 2011 was Rs. 8,720. Cheques deposited on 28th May but not credited until 31st May amounted to Rs. 690. These were credited on 4th June, 2011. Bank overdraft as per Pass Book is ________
The Cash book showed an overdraft of Rs.1,500 but the pass book made up to same date should that cheques of Rs. 100, Rs. 50 and Rs. 125 had not been presented for payment and a cheque of Rs. 400 had not been cleared. The balance as per the Cash Book will be:
The overdraft as per cash book of Mr. X is Rs. 20,500. One of the customer of Mr. X residing in Mumbai directly remitted Rs. 50,000 into Mr. X’s account, about which Mr. X was not aware. One of the cheques deposited into bank for Rs. 25,000 was returned unpaid and the advice in this regard is yet to be received by Mr. X. The balance as per Pass book was:
The correct option is A.
Overdraft as per cash book is 20500.
Since 50000 is received by the bank, it is recorded in pass book but not in cash book. So it has to be added in cash book. Also cheques deposited are returned unpaid. So they will be subtracted. So balance as per pass book= -20500+50000-25000=4500 (credit)
The cash book showed an overdraft of Rs. 2,000 as cash at bank but the pass book upto the same date showed that cheques of Rs. 100, Rs. 150 and Rs. 175 have not been presented for payments; and the cheque of Rs. 600 deposited into account has not been cleared. The overdraft as per pass book will be:
Overdraft = Rs.( 2000 - 100 - 150 - 175 + 600 )
= Rs. 2175
A Bank Reconciliation Statement is prepared by