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Balance as per Cash Book is Rs. 5,000. Cheques issued but not presented for payment Rs. 2,000 and Cheques sent for collection but not collected Rs. 1,500. The Bank had wrongly debited the account of firm by Rs. 20. Balance as per pass book will be:
  • a)
    Rs. 5,580
  • b)
    Rs. 5,480
  • c)
    Rs. 4,520
  • d)
    Rs. 5,520
Correct answer is 'B'. Can you explain this answer?
Most Upvoted Answer
Balance as per Cash Book is Rs. 5,000. Cheques issued but not presente...
Bal. as per Cash book(Dr.) 5000 Add: cheque issued but not presented 2000 {reason: Previously deducted from CB but not in PB)Less: cheque not collected yet by bank (1500) {reason: Previously added to CB but not in PB)Less: Wrong dr. By bank(wrongly deducted) (20) {reason: Wrong dr. In PB but not in CB) Therefore, Cr. Balance as per PB : 5480/-
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Balance as per Cash Book is Rs. 5,000. Cheques issued but not presente...

Calculation of Balance as per Pass Book:

- Balance as per Cash Book: Rs. 5,000
- Cheques issued but not presented for payment: Rs. 2,000
- Cheques sent for collection but not collected: Rs. 1,500
- Bank wrongly debited the account by Rs. 20

Adjusted Balance as per Cash Book:
5,000 - 2,000 - 1,500 + 20 = Rs. 5,520

- Balance as per Cash Book after adjustments: Rs. 5,520

Calculating Balance as per Pass Book:
- The Balance as per Pass Book would include the adjusted Balance as per Cash Book.
- Therefore, the Balance as per Pass Book will be Rs. 5,520.

Therefore, the correct answer is Rs. 5,480.
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Balance as per Cash Book is Rs. 5,000. Cheques issued but not presented for payment Rs. 2,000 and Cheques sent for collection but not collected Rs. 1,500. The Bank had wrongly debited the account of firm by Rs. 20. Balance as per pass book will be:a)Rs. 5,580b)Rs. 5,480c)Rs. 4,520d)Rs. 5,520Correct answer is 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Balance as per Cash Book is Rs. 5,000. Cheques issued but not presented for payment Rs. 2,000 and Cheques sent for collection but not collected Rs. 1,500. The Bank had wrongly debited the account of firm by Rs. 20. Balance as per pass book will be:a)Rs. 5,580b)Rs. 5,480c)Rs. 4,520d)Rs. 5,520Correct answer is 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Balance as per Cash Book is Rs. 5,000. Cheques issued but not presented for payment Rs. 2,000 and Cheques sent for collection but not collected Rs. 1,500. The Bank had wrongly debited the account of firm by Rs. 20. Balance as per pass book will be:a)Rs. 5,580b)Rs. 5,480c)Rs. 4,520d)Rs. 5,520Correct answer is 'B'. Can you explain this answer?.
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