CA Foundation Exam > CA Foundation Questions > From the following particulars, ascertain the...
Start Learning for Free
From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:
a. Bank Overdraft as per Pass Book Rs. 26,500
b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000
c. Payment received from customers directly by bank Rs. 4,700
d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200
a. Bank Overdraft as per Pass Book Rs. 26,500
b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000
c. Payment received from customers directly by bank Rs. 4,700
d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200
- a)Rs. 28,600 Overdraft
- b)Rs. 6,600 Overdraft
- c)Rs. 16,600 Overdraft
- d)Rs. 46,400 Overdraft
Correct answer is 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
From the following particulars, ascertain the balance as per Cash Book...
I think answer is 16000 only and not 16600 plz verify question once again
Free Test
FREE
| Start Free Test |
Community Answer
From the following particulars, ascertain the balance as per Cash Book...
**Balance as per Cash Book as on 30th April 2014**
To ascertain the balance as per Cash Book as on 30th April 2014, we need to consider the given particulars and make necessary adjustments.
**a. Bank Overdraft as per Pass Book Rs. 26,500**
The Bank Overdraft as per Pass Book indicates that the bank account has a negative balance. Therefore, it should be treated as a liability in the Cash Book.
**b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000**
As the cheques are recorded in the Cash Book but not yet sent to the bank for collection, we need to deduct this amount from the balance as per Cash Book.
**c. Payment received from customers directly by bank Rs. 4,700**
Payments received directly by the bank from customers are not recorded in the Cash Book. Therefore, this amount needs to be added to the balance as per Cash Book.
**d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200**
The dishonored bills of Rs. 4,000 need to be deducted from the balance as per Cash Book as they are no longer considered as an asset. Additionally, the Noting charges paid by the bank of Rs. 200 should also be deducted from the balance as per Cash Book.
**Summary of Adjustments:**
- Bank Overdraft as per Pass Book: Rs. 26,500
- Cheques recorded but not sent to the bank: Rs. -11,000
- Payment received directly by bank: Rs. +4,700
- Dishonored bills and Noting charges: Rs. -(4,000 + 200)
**Calculation:**
Balance as per Cash Book = Bank Overdraft as per Pass Book + Cheques recorded but not sent to the bank + Payment received directly by bank - Dishonored bills and Noting charges
= Rs. 26,500 + (-11,000) + 4,700 - (4,000 + 200)
= Rs. 16,600 (Overdraft)
Therefore, the correct answer is option C) Rs. 16,600 Overdraft.
To ascertain the balance as per Cash Book as on 30th April 2014, we need to consider the given particulars and make necessary adjustments.
**a. Bank Overdraft as per Pass Book Rs. 26,500**
The Bank Overdraft as per Pass Book indicates that the bank account has a negative balance. Therefore, it should be treated as a liability in the Cash Book.
**b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000**
As the cheques are recorded in the Cash Book but not yet sent to the bank for collection, we need to deduct this amount from the balance as per Cash Book.
**c. Payment received from customers directly by bank Rs. 4,700**
Payments received directly by the bank from customers are not recorded in the Cash Book. Therefore, this amount needs to be added to the balance as per Cash Book.
**d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200**
The dishonored bills of Rs. 4,000 need to be deducted from the balance as per Cash Book as they are no longer considered as an asset. Additionally, the Noting charges paid by the bank of Rs. 200 should also be deducted from the balance as per Cash Book.
**Summary of Adjustments:**
- Bank Overdraft as per Pass Book: Rs. 26,500
- Cheques recorded but not sent to the bank: Rs. -11,000
- Payment received directly by bank: Rs. +4,700
- Dishonored bills and Noting charges: Rs. -(4,000 + 200)
**Calculation:**
Balance as per Cash Book = Bank Overdraft as per Pass Book + Cheques recorded but not sent to the bank + Payment received directly by bank - Dishonored bills and Noting charges
= Rs. 26,500 + (-11,000) + 4,700 - (4,000 + 200)
= Rs. 16,600 (Overdraft)
Therefore, the correct answer is option C) Rs. 16,600 Overdraft.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. Can you explain this answer?
Question Description
From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. 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 From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. 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 From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. Can you explain this answer?.
From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. 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 From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. 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 From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. Can you explain this answer?.
Solutions for From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. Can you explain this answer?, a detailed solution for From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. Can you explain this answer? has been provided alongside types of From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice From the following particulars, ascertain the balance as per Cash Book as on 30th April 2014:a. Bank Overdraft as per Pass Book Rs. 26,500b. Cheques recorded in Cash Book but not sent to bank for collection Rs. 11,000c. Payment received from customers directly by bank Rs. 4,700d. Bills of Rs. 4,000 (discounted with the bank) dishonoured on 20th April and Noting charges paid by bank Rs. 200a)Rs. 28,600 Overdraftb)Rs. 6,600 Overdraftc)Rs. 16,600 Overdraftd)Rs. 46,400 OverdraftCorrect answer is 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup