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Debit balance as per cash book Rs.2000
Cheques deposited but not cleared Rs. 100
Cheques issued but not presented Rs. 150
Bank allowed interest Rs. 50
Bank collected dividend Rs. 50
Balance as per Pass Book will be:
Cheques deposited but not cleared Rs. 100
Cheques issued but not presented Rs. 150
Bank allowed interest Rs. 50
Bank collected dividend Rs. 50
Balance as per Pass Book will be:
- a)Rs. 2,100
- b)Rs. 1,950
- c)Rs. 2,350
- d)Rs. 2,150
Correct answer is option 'D'. Can you explain this answer?
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Debit balance as per cash book Rs.2000Cheques deposited but not cleare...
Solution:
To find the balance as per Pass Book, we need to make adjustments for the following items:
1) Cheques deposited but not cleared: This means that the bank has not yet credited the account for the cheques deposited. So, we need to add this amount to the balance as per Cash Book.
Cheques deposited but not cleared = Rs. 100
Adjusted balance = Rs. 2,000 + Rs. 100 = Rs. 2,100
2) Cheques issued but not presented: This means that the cheques issued by the company have not yet been presented to the bank for payment. So, we need to deduct this amount from the balance as per Cash Book.
Cheques issued but not presented = Rs. 150
Adjusted balance = Rs. 2,100 - Rs. 150 = Rs. 1,950
3) Bank allowed interest: This means that the bank has credited the account with interest. So, we need to add this amount to the adjusted balance.
Bank allowed interest = Rs. 50
Adjusted balance = Rs. 1,950 + Rs. 50 = Rs. 2,000
4) Bank collected dividend: This means that the bank has debited the account for the dividend collected. So, we need to deduct this amount from the adjusted balance.
Bank collected dividend = Rs. 50
Adjusted balance = Rs. 2,000 - Rs. 50 = Rs. 1,950
Therefore, the balance as per Pass Book is Rs. 2,150.
To find the balance as per Pass Book, we need to make adjustments for the following items:
1) Cheques deposited but not cleared: This means that the bank has not yet credited the account for the cheques deposited. So, we need to add this amount to the balance as per Cash Book.
Cheques deposited but not cleared = Rs. 100
Adjusted balance = Rs. 2,000 + Rs. 100 = Rs. 2,100
2) Cheques issued but not presented: This means that the cheques issued by the company have not yet been presented to the bank for payment. So, we need to deduct this amount from the balance as per Cash Book.
Cheques issued but not presented = Rs. 150
Adjusted balance = Rs. 2,100 - Rs. 150 = Rs. 1,950
3) Bank allowed interest: This means that the bank has credited the account with interest. So, we need to add this amount to the adjusted balance.
Bank allowed interest = Rs. 50
Adjusted balance = Rs. 1,950 + Rs. 50 = Rs. 2,000
4) Bank collected dividend: This means that the bank has debited the account for the dividend collected. So, we need to deduct this amount from the adjusted balance.
Bank collected dividend = Rs. 50
Adjusted balance = Rs. 2,000 - Rs. 50 = Rs. 1,950
Therefore, the balance as per Pass Book is Rs. 2,150.
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Debit balance as per cash book Rs.2000Cheques deposited but not cleare...
Balance as per cash book - 2000 ADD(Debit): Cheques issued but not presented Rs. 150 Bank allowed interest Rs. 50 Bank collected dividend Rs. 50 Total dr side : 2250 LESS(Credit): Cheques deposited but not cleared Rs. 100 Balance as per Passbook :2150 ANS:(d) 2150
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Debit balance as per cash book Rs.2000Cheques deposited but not cleared Rs. 100Cheques issued but not presented Rs. 150Bank allowed interest Rs. 50Bank collected dividend Rs. 50Balance as per Pass Book will be:a)Rs. 2,100b)Rs. 1,950c)Rs. 2,350d)Rs. 2,150Correct answer is option 'D'. Can you explain this answer?
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Debit balance as per cash book Rs.2000Cheques deposited but not cleared Rs. 100Cheques issued but not presented Rs. 150Bank allowed interest Rs. 50Bank collected dividend Rs. 50Balance as per Pass Book will be:a)Rs. 2,100b)Rs. 1,950c)Rs. 2,350d)Rs. 2,150Correct answer is option 'D'. 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 Debit balance as per cash book Rs.2000Cheques deposited but not cleared Rs. 100Cheques issued but not presented Rs. 150Bank allowed interest Rs. 50Bank collected dividend Rs. 50Balance as per Pass Book will be:a)Rs. 2,100b)Rs. 1,950c)Rs. 2,350d)Rs. 2,150Correct answer is option 'D'. 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 Debit balance as per cash book Rs.2000Cheques deposited but not cleared Rs. 100Cheques issued but not presented Rs. 150Bank allowed interest Rs. 50Bank collected dividend Rs. 50Balance as per Pass Book will be:a)Rs. 2,100b)Rs. 1,950c)Rs. 2,350d)Rs. 2,150Correct answer is option 'D'. Can you explain this answer?.
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