From the following particulars ascertain the pass book balance of seen...
Pass Book Balance Calculation for Seenu as on 13-12-1993
1. Opening Balance:
- The opening balance of Seenu's pass book is the balance as on the last transaction date before 01-12-1993.
- The opening balance is given as Rs. 15,000.
2. Cheques Issued:
- The pass book shows the cheques issued by Seenu during the period for which we are calculating the balance.
- The cheques issued by Seenu are:
- Cheque No. 101 dated 03-12-1993 for Rs. 8,000.
- Cheque No. 102 dated 05-12-1993 for Rs. 10,000.
- Cheque No. 103 dated 12-12-1993 for Rs. 5,000.
3. Cheques Deposited:
- The pass book also shows the cheques deposited into Seenu's account during the period.
- The cheques deposited are:
- Cheque No. 201 dated 02-12-1993 for Rs. 6,000.
- Cheque No. 202 dated 04-12-1993 for Rs. 9,000.
- Cheque No. 203 dated 10-12-1993 for Rs. 12,000.
4. Other Transactions:
- The pass book may also contain other transactions like cash deposits, cash withdrawals, interest credited, bank charges, etc.
- However, the question does not provide any information about these transactions.
5. Calculation of Balance:
- To calculate the pass book balance, we need to consider the opening balance, cheques issued, and cheques deposited.
- We start with the opening balance of Rs. 15,000.
- We deduct the amount of cheques issued from the opening balance:
- Rs. 15,000 - Rs. 8,000 - Rs. 10,000 - Rs. 5,000 = Rs. (8,000)
- We add the amount of cheques deposited to the resulting balance:
- Rs. (8,000) + Rs. 6,000 + Rs. 9,000 + Rs. 12,000 = Rs. 19,000.
6. Pass Book Balance:
- The pass book balance of Seenu as on 13-12-1993 is Rs. 19,000.
Note:
- It is important to note that the pass book balance may not always match the actual bank balance due to timing differences in recording transactions.