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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 'B'. Can you explain this answer?
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The Cash book showed an overdraft of Rs.1,500 but the pass book made u...
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Explanation:
In this question, we are given two different balances - one as per the Cash Book and the other as per the Pass Book. The Cash Book balance shows an overdraft of Rs. 1,500, while the Pass Book balance does not take into account certain cheques that have not been presented for payment or cleared.
To find the correct balance, we need to adjust the Cash Book balance for these outstanding cheques. Let's do this step by step:
1. Cheque of Rs. 100: This cheque has not been presented for payment, which means it is still outstanding. So, we need to subtract this amount from the Cash Book balance.
Cash Book balance = Overdraft of Rs. 1,500 - Rs. 100 = Rs. 1,400
2. Cheque of Rs. 50: Same as above, we need to subtract this amount from the Cash Book balance.
Cash Book balance = Rs. 1,400 - Rs. 50 = Rs. 1,350
3. Cheque of Rs. 125: Same as above, we need to subtract this amount from the Cash Book balance.
Cash Book balance = Rs. 1,350 - Rs. 125 = Rs. 1,225
4. Cheque of Rs. 400: This cheque has not been cleared, which means it is still a part of the Cash Book balance. So, we need to add this amount to the Cash Book balance.
Cash Book balance = Rs. 1,225 + Rs. 400 = Rs. 1,625
Therefore, the correct balance as per the Cash Book is Rs. 1,625, which is option (b).
In this question, we are given two different balances - one as per the Cash Book and the other as per the Pass Book. The Cash Book balance shows an overdraft of Rs. 1,500, while the Pass Book balance does not take into account certain cheques that have not been presented for payment or cleared.
To find the correct balance, we need to adjust the Cash Book balance for these outstanding cheques. Let's do this step by step:
1. Cheque of Rs. 100: This cheque has not been presented for payment, which means it is still outstanding. So, we need to subtract this amount from the Cash Book balance.
Cash Book balance = Overdraft of Rs. 1,500 - Rs. 100 = Rs. 1,400
2. Cheque of Rs. 50: Same as above, we need to subtract this amount from the Cash Book balance.
Cash Book balance = Rs. 1,400 - Rs. 50 = Rs. 1,350
3. Cheque of Rs. 125: Same as above, we need to subtract this amount from the Cash Book balance.
Cash Book balance = Rs. 1,350 - Rs. 125 = Rs. 1,225
4. Cheque of Rs. 400: This cheque has not been cleared, which means it is still a part of the Cash Book balance. So, we need to add this amount to the Cash Book balance.
Cash Book balance = Rs. 1,225 + Rs. 400 = Rs. 1,625
Therefore, the correct balance as per the Cash Book is Rs. 1,625, which is option (b).
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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 'B'. Can you explain this answer?
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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 '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 '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 'B'. Can you explain this answer?.
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 '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 '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 'B'. Can you explain this answer?.
Solutions 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 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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