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There was difference in the bank column of cash book and passbook by Rs. 2,500. On scrutiny it was found that interest of Rs. 500 charged directly by the bank was not entered in the cash book. The same was adjusted in the cashbook before reconciliation statement. Now, in the bank reconciliation statement, this interest of Rs. 500 is to bea)Added to the cash book balance.b)Subtracted from the cash book balance.c)Ignored while preparing bank reconciliation statement.d)None of the above.Correct answer is option '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 There was difference in the bank column of cash book and passbook by Rs. 2,500. On scrutiny it was found that interest of Rs. 500 charged directly by the bank was not entered in the cash book. The same was adjusted in the cashbook before reconciliation statement. Now, in the bank reconciliation statement, this interest of Rs. 500 is to bea)Added to the cash book balance.b)Subtracted from the cash book balance.c)Ignored while preparing bank reconciliation statement.d)None of the above.Correct answer is option '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 There was difference in the bank column of cash book and passbook by Rs. 2,500. On scrutiny it was found that interest of Rs. 500 charged directly by the bank was not entered in the cash book. The same was adjusted in the cashbook before reconciliation statement. Now, in the bank reconciliation statement, this interest of Rs. 500 is to bea)Added to the cash book balance.b)Subtracted from the cash book balance.c)Ignored while preparing bank reconciliation statement.d)None of the above.Correct answer is option 'C'. Can you explain this answer?.

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Here you can find the meaning of There was difference in the bank column of cash book and passbook by Rs. 2,500. On scrutiny it was found that interest of Rs. 500 charged directly by the bank was not entered in the cash book. The same was adjusted in the cashbook before reconciliation statement. Now, in the bank reconciliation statement, this interest of Rs. 500 is to bea)Added to the cash book balance.b)Subtracted from the cash book balance.c)Ignored while preparing bank reconciliation statement.d)None of the above.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of There was difference in the bank column of cash book and passbook by Rs. 2,500. On scrutiny it was found that interest of Rs. 500 charged directly by the bank was not entered in the cash book. The same was adjusted in the cashbook before reconciliation statement. Now, in the bank reconciliation statement, this interest of Rs. 500 is to bea)Added to the cash book balance.b)Subtracted from the cash book balance.c)Ignored while preparing bank reconciliation statement.d)None of the above.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for There was difference in the bank column of cash book and passbook by Rs. 2,500. On scrutiny it was found that interest of Rs. 500 charged directly by the bank was not entered in the cash book. The same was adjusted in the cashbook before reconciliation statement. Now, in the bank reconciliation statement, this interest of Rs. 500 is to bea)Added to the cash book balance.b)Subtracted from the cash book balance.c)Ignored while preparing bank reconciliation statement.d)None of the above.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of There was difference in the bank column of cash book and passbook by Rs. 2,500. On scrutiny it was found that interest of Rs. 500 charged directly by the bank was not entered in the cash book. The same was adjusted in the cashbook before reconciliation statement. Now, in the bank reconciliation statement, this interest of Rs. 500 is to bea)Added to the cash book balance.b)Subtracted from the cash book balance.c)Ignored while preparing bank reconciliation statement.d)None of the above.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice There was difference in the bank column of cash book and passbook by Rs. 2,500. On scrutiny it was found that interest of Rs. 500 charged directly by the bank was not entered in the cash book. The same was adjusted in the cashbook before reconciliation statement. Now, in the bank reconciliation statement, this interest of Rs. 500 is to bea)Added to the cash book balance.b)Subtracted from the cash book balance.c)Ignored while preparing bank reconciliation statement.d)None of the above.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.