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Read the following hypothetical Case Study and answer the given questions:
Given below is a hypothetical extract from the Cash Book and Pass Book of M/s Ganjan Traders.
Which of the following statement is not correct?
  • a)
    Cheque of Tushar is issued but not presented for payment.
  • b)
    Cheque of Shruti Ltd. is issued but not presented for payment.
  • c)
    Cheque of Kapur is issued but not present for payment.
  • d)
    Cheque of Vikas Bros. has been sent for collection but not credited by bank.
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Read the following hypothetical Case Study and answer the given quest...
Cheque issued but not presented for payment is a cheque which has been written and sent to the suppliers or creditors by the business. However, it has not yet been presented at the bank by the suppliers or creditors. So, the business records such cheques in the cash book before it is recorded in the pass book by the bank.
Thus, such cheques reduce the balance as per cash book and not balance as per pass book.
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Study the following hypothetical transactional detail of Mr. Keshav and answer the given questions:On 31st March, 2019 the bank column of the Cash Book of Mr. Keshav disclosed an overdraft balance of ₹8,300. On examining the cash book and bank statement you find that:• Cheques were deposited into the bank for ₹16,000 but of these cheques for ₹4,600 were cleared and credited in April 2015.• Cheques were issued for ₹7,500 out of which cheques for ₹6,000 had been presented for payment in March 2019.• In March Mr. Keshav had discounted with a bank a bill of exchange for ₹10,000 and had entered this amount in the Cash Book, but the proceeds credited as shown by the Passbook, amounted to ₹9,600.• No entry is made in the Cash Book of an amount of ₹6,100 directly deposited by a customer in the bank accounts.• Bank Column of the payment side of the Cash Book was undercast by ₹1,000.• Payment of Insurance premium of ₹2,000 and receipt of insurance claim of ₹8,000 appear in the Passbook but not entered in the Cash Book.• A cheque for ₹3,500 issued to Mr. Kapil was omitted to be recorded in the Cash Book.• A cheque for ₹2,800 issued to Mr. Darshan was entered in the cash column of the Cash Book.The amount not entered in the cash book as it was directly deposited in the bank by a customer will be recorded as a ________ item in the bank reconciliation statement.

Study the following hypothetical transactional detail of Mr. Keshav and answer the given questions:On 31st March, 2019 the bank column of the Cash Book of Mr. Keshav disclosed an overdraft balance of ₹8,300. On examining the cash book and bank statement you find that:• Cheques were deposited into the bank for ₹16,000 but of these cheques for ₹4,600 were cleared and credited in April 2015.• Cheques were issued for ₹7,500 out of which cheques for ₹6,000 had been presented for payment in March 2019.• In March Mr. Keshav had discounted with a bank a bill of exchange for ₹10,000 and had entered this amount in the Cash Book, but the proceeds credited as shown by the Passbook, amounted to ₹9,600.• No entry is made in the Cash Book of an amount of ₹6,100 directly deposited by a customer in the bank accounts.• Bank Column of the payment side of the Cash Book was undercast by ₹1,000.• Payment of Insurance premium of ₹2,000 and receipt of insurance claim of ₹8,000 appear in the Passbook but not entered in the Cash Book.• A cheque for ₹3,500 issued to Mr. Kapil was omitted to be recorded in the Cash Book.• A cheque for ₹2,800 issued to Mr. Darshan was entered in the cash column of the Cash Book.Which of the following amount will be shown in the plus item column of the bank reconciliation statement with regard to the cheques that were issued but not presented to the bank?

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Read the following hypothetical Case Study and answer the given questions:Given below is a hypothetical extract from the Cash Book and Pass Book of M/s Ganjan Traders.Which of the following statement is not correct?a)Cheque of Tushar is issued but not presented for payment.b)Cheque of Shruti Ltd. is issued but not presented for payment.c)Cheque of Kapur is issued but not present for payment.d)Cheque of Vikas Bros. has been sent for collection but not credited by bank.Correct answer is option 'B'. Can you explain this answer?
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Read the following hypothetical Case Study and answer the given questions:Given below is a hypothetical extract from the Cash Book and Pass Book of M/s Ganjan Traders.Which of the following statement is not correct?a)Cheque of Tushar is issued but not presented for payment.b)Cheque of Shruti Ltd. is issued but not presented for payment.c)Cheque of Kapur is issued but not present for payment.d)Cheque of Vikas Bros. has been sent for collection but not credited by bank.Correct answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the following hypothetical Case Study and answer the given questions:Given below is a hypothetical extract from the Cash Book and Pass Book of M/s Ganjan Traders.Which of the following statement is not correct?a)Cheque of Tushar is issued but not presented for payment.b)Cheque of Shruti Ltd. is issued but not presented for payment.c)Cheque of Kapur is issued but not present for payment.d)Cheque of Vikas Bros. has been sent for collection but not credited by bank.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following hypothetical Case Study and answer the given questions:Given below is a hypothetical extract from the Cash Book and Pass Book of M/s Ganjan Traders.Which of the following statement is not correct?a)Cheque of Tushar is issued but not presented for payment.b)Cheque of Shruti Ltd. is issued but not presented for payment.c)Cheque of Kapur is issued but not present for payment.d)Cheque of Vikas Bros. has been sent for collection but not credited by bank.Correct answer is option 'B'. Can you explain this answer?.
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