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 The credit balance as per pass book of Mr. X was Rs. 65,600. Cheques issued but not presented for payment Rs. 75,800. Cheques deposited by one of the customers of the bank but wrongly credited in Mr. X account Rs. 20,600. The balance as per cash book will be:-
  • a)
    Rs. 30,800 Debit 
  • b)
    Rs. 30,800 overdraft 
  • c)
    Rs. 1,20,800 Debit 
  • d)
    Rs. 10,400 overdraft.
Correct answer is option 'B'. Can you explain this answer?

Answers

The target is cash book but the entries of that they are making the target down so the cash book is overdraft.
balance as per passbook. =65600
(-)cheques issued but not presented =75800
(-)wrongly credit to pass book =20600
overdraft balance as per cash book=(30800)

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The credit balance as per pass book of Mr. X was Rs. 65,600. Cheques issued but not presented for payment Rs. 75,800. Cheques deposited by one of the customers of the bank but wrongly credited in Mr. X account Rs. 20,600. The balance as per cash book will be:-a)Rs. 30,800 Debitb)Rs. 30,800 overdraftc)Rs. 1,20,800 Debitd)Rs. 10,400 overdraft.Correct answer is option 'B'. Can you explain this answer?
Here favourable balance as per passbook is given so when we have issued cheques our debit side is reduced but in passbook no such thing is done due to not presentment of cheque so no such deduction is made in passbook so to reach the balance as per cash book we have to deduct it as done in cash book also when bank has given us credit I.e increased our bank balance by mistake but no such thing is done in cashbook i.e no such addition is made so to reach cashbook balance it will be deducted I hope u understood

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Correct option is B)

The credit balance as per pass book of Mr. X was Rs. 65,600. Cheques issued but not presented for payment Rs. 75,800. Cheques deposited by one of the customers of the bank but wrongly credited in Mr. X account Rs. 20,600. The balance as per cash book will be:-a)Rs. 30,800 Debitb)Rs. 30,800 overdraftc)Rs. 1,20,800 Debitd)Rs. 10,400 overdraft.Correct answer is option 'B'. Can you explain this answer?
Option B

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The credit balance as per pass book of Mr. X was Rs. 65,600. Cheques issued but not presented for payment Rs. 75,800. Cheques deposited by one of the customers of the bank but wrongly credited in Mr. X account Rs. 20,600. The balance as per cash book will be:-a)Rs. 30,800 Debitb)Rs. 30,800 overdraftc)Rs. 1,20,800 Debitd)Rs. 10,400 overdraft.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2023 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The credit balance as per pass book of Mr. X was Rs. 65,600. Cheques issued but not presented for payment Rs. 75,800. Cheques deposited by one of the customers of the bank but wrongly credited in Mr. X account Rs. 20,600. The balance as per cash book will be:-a)Rs. 30,800 Debitb)Rs. 30,800 overdraftc)Rs. 1,20,800 Debitd)Rs. 10,400 overdraft.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2023 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The credit balance as per pass book of Mr. X was Rs. 65,600. Cheques issued but not presented for payment Rs. 75,800. Cheques deposited by one of the customers of the bank but wrongly credited in Mr. X account Rs. 20,600. The balance as per cash book will be:-a)Rs. 30,800 Debitb)Rs. 30,800 overdraftc)Rs. 1,20,800 Debitd)Rs. 10,400 overdraft.Correct answer is option 'B'. Can you explain this answer?.
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The target is cash book but the entries of that they are making the target down so the cash book is overdraft.balance as per passbook. =65600(-)cheques issued but not presented =75800(-)wrongly credit to pass book =20600 overdraft balance as per cash book=(30800)