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Over Draft balance as per Cash Book of ‘X’ Rs.20,500. Direct remittance of his customer is Rs.50,000 and ‘X’ was not aware that Rs.25,000 cheque was deposited, returned unpaid and he was yet to be informed. Balance as per Pass Book is_________
- a)4,500 Cr.
- b)4,500 O.D.
- c)45,500 Cr.
- d)None
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Over Draft balance as per Cash Book of X Rs.20,500. Direct remittance ...
Understanding the Cash Book and Pass Book Balances
To determine the balance as per the Pass Book, we need to analyze the given information step by step.
1. Cash Book Balance
- The Cash Book shows an overdraft balance of Rs. 20,500. This means that X has withdrawn more money than is available in the account.
2. Direct Remittance
- There is a direct remittance from a customer amounting to Rs. 50,000. This amount will increase the balance in the Pass Book since it is an incoming cash flow.
3. Unpaid Cheque
- X is unaware of a Rs. 25,000 cheque that was deposited but returned unpaid. This cheque will reduce the balance in the Pass Book as it is a withdrawal that should not have been considered.
4. Calculating the Pass Book Balance
- Start with the Cash Book balance: Rs. 20,500 O.D.
- Add the direct remittance: Rs. 50,000
- Subtract the returned cheque: Rs. 25,000
Final Calculation:
- Pass Book Balance = (-20,500) + 50,000 - 25,000
- Pass Book Balance = 50,000 - 45,500
- Pass Book Balance = Rs. 4,500 Cr.
Conclusion
- Therefore, the balance as per the Pass Book is Rs. 4,500 Cr., which corresponds to option 'A'.
This analysis helps in understanding how various transactions impact the balances in the Cash Book and Pass Book, leading to the final conclusion.
To determine the balance as per the Pass Book, we need to analyze the given information step by step.
1. Cash Book Balance
- The Cash Book shows an overdraft balance of Rs. 20,500. This means that X has withdrawn more money than is available in the account.
2. Direct Remittance
- There is a direct remittance from a customer amounting to Rs. 50,000. This amount will increase the balance in the Pass Book since it is an incoming cash flow.
3. Unpaid Cheque
- X is unaware of a Rs. 25,000 cheque that was deposited but returned unpaid. This cheque will reduce the balance in the Pass Book as it is a withdrawal that should not have been considered.
4. Calculating the Pass Book Balance
- Start with the Cash Book balance: Rs. 20,500 O.D.
- Add the direct remittance: Rs. 50,000
- Subtract the returned cheque: Rs. 25,000
Final Calculation:
- Pass Book Balance = (-20,500) + 50,000 - 25,000
- Pass Book Balance = 50,000 - 45,500
- Pass Book Balance = Rs. 4,500 Cr.
Conclusion
- Therefore, the balance as per the Pass Book is Rs. 4,500 Cr., which corresponds to option 'A'.
This analysis helps in understanding how various transactions impact the balances in the Cash Book and Pass Book, leading to the final conclusion.
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Over Draft balance as per Cash Book of X Rs.20,500. Direct remittance of his customer is Rs.50,000 and X was not aware that Rs.25,000 cheque was deposited, returned unpaid and he was yet to be informed. Balance as per Pass Book is_________a)4,500 Cr.b)4,500 O.D.c)45,500 Cr.d)NoneCorrect answer is option 'A'. Can you explain this answer?
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Over Draft balance as per Cash Book of X Rs.20,500. Direct remittance of his customer is Rs.50,000 and X was not aware that Rs.25,000 cheque was deposited, returned unpaid and he was yet to be informed. Balance as per Pass Book is_________a)4,500 Cr.b)4,500 O.D.c)45,500 Cr.d)NoneCorrect answer is option 'A'. Can you explain this answer? for CA CPT 2025 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Over Draft balance as per Cash Book of X Rs.20,500. Direct remittance of his customer is Rs.50,000 and X was not aware that Rs.25,000 cheque was deposited, returned unpaid and he was yet to be informed. Balance as per Pass Book is_________a)4,500 Cr.b)4,500 O.D.c)45,500 Cr.d)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA CPT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Over Draft balance as per Cash Book of X Rs.20,500. Direct remittance of his customer is Rs.50,000 and X was not aware that Rs.25,000 cheque was deposited, returned unpaid and he was yet to be informed. Balance as per Pass Book is_________a)4,500 Cr.b)4,500 O.D.c)45,500 Cr.d)NoneCorrect answer is option 'A'. Can you explain this answer?.
Over Draft balance as per Cash Book of X Rs.20,500. Direct remittance of his customer is Rs.50,000 and X was not aware that Rs.25,000 cheque was deposited, returned unpaid and he was yet to be informed. Balance as per Pass Book is_________a)4,500 Cr.b)4,500 O.D.c)45,500 Cr.d)NoneCorrect answer is option 'A'. Can you explain this answer? for CA CPT 2025 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Over Draft balance as per Cash Book of X Rs.20,500. Direct remittance of his customer is Rs.50,000 and X was not aware that Rs.25,000 cheque was deposited, returned unpaid and he was yet to be informed. Balance as per Pass Book is_________a)4,500 Cr.b)4,500 O.D.c)45,500 Cr.d)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA CPT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Over Draft balance as per Cash Book of X Rs.20,500. Direct remittance of his customer is Rs.50,000 and X was not aware that Rs.25,000 cheque was deposited, returned unpaid and he was yet to be informed. Balance as per Pass Book is_________a)4,500 Cr.b)4,500 O.D.c)45,500 Cr.d)NoneCorrect answer is option 'A'. Can you explain this answer?.
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