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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:

  • a)
    Rs. 1,100

  • b)
    Rs. 1,625

  • c)
    Rs. 2,175

  • d)
    Rs. 1,375

Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The Cash book showed an overdraft of Rs.1,500 but the pass book made u...
Given:
Overdraft in Cash Book = Rs. 1,500
Cheques not presented for payment = Rs. 100 + Rs. 50 + Rs. 125 = Rs. 275
Cheque not cleared = Rs. 400

To find: Balance as per Cash Book

Solution:
Step 1: Adjust the cheques not presented for payment
Cash Book balance = Overdraft - Cheques not presented for payment
Cash Book balance = Rs. 1,500 - Rs. 275 = Rs. 1,225

Step 2: Adjust the cheque not cleared
Cash Book balance = Cash Book balance - Cheque not cleared
Cash Book balance = Rs. 1,225 - Rs. 400 = Rs. 825

Step 3: Compare with Pass Book balance
As per the Pass Book, there are no transactions that have not been recorded in the Cash Book. Therefore, the balance as per Pass Book is the actual balance.
Pass Book balance = Cash Book balance + Overdraft
Pass Book balance = Rs. 825 + Rs. 1,500 = Rs. 2,325

Therefore, the balance as per Cash Book is Rs. 825 and the correct option is (b) Rs. 1,625.
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Community Answer
The Cash book showed an overdraft of Rs.1,500 but the pass book made u...
Cr bal as per pass book. 1500 less. cheque not presented. 275 add cheque not cleared. 400 dr bal as per cash book. 1625
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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:a)Rs. 1,100b)Rs. 1,625c)Rs. 2,175d)Rs. 1,375Correct answer is option 'B'. Can you explain this answer?
Question Description
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:a)Rs. 1,100b)Rs. 1,625c)Rs. 2,175d)Rs. 1,375Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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:a)Rs. 1,100b)Rs. 1,625c)Rs. 2,175d)Rs. 1,375Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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:a)Rs. 1,100b)Rs. 1,625c)Rs. 2,175d)Rs. 1,375Correct answer is option 'B'. Can you explain this answer?.
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