CA Foundation Exam > CA Foundation Questions > The credit balance as per pass book of Mr. X ...
Start Learning for Free
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?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
The credit balance as per pass book of Mr. X was Rs. 65,600. Cheques i...
Calculation of Cash Book Balance
Credit balance as per pass book = Rs. 65,600
Cheques issued but not presented for payment = Rs. 75,800
Cheques deposited by a customer but wrongly credited in Mr. X account = Rs. 20,600
To calculate the balance as per cash book, we need to adjust the above items in the credit balance as per pass book.
Step 1: Adjust the cheques issued but not presented for payment
Credit balance as per pass book = Rs. 65,600
Less: Cheques issued but not presented for payment = Rs. 75,800
Adjusted balance = Rs. (10,200) (overdraft)
Step 2: Adjust the cheques deposited by a customer but wrongly credited in Mr. X account
Credit balance as per pass book = Rs. (10,200) (overdraft)
Add: Cheques deposited by a customer but wrongly credited in Mr. X account = Rs. 20,600
Adjusted balance = Rs. 10,400 (overdraft)
Therefore, the balance as per cash book will be Rs. 10,400 (overdraft).
Credit balance as per pass book = Rs. 65,600
Cheques issued but not presented for payment = Rs. 75,800
Cheques deposited by a customer but wrongly credited in Mr. X account = Rs. 20,600
To calculate the balance as per cash book, we need to adjust the above items in the credit balance as per pass book.
Step 1: Adjust the cheques issued but not presented for payment
Credit balance as per pass book = Rs. 65,600
Less: Cheques issued but not presented for payment = Rs. 75,800
Adjusted balance = Rs. (10,200) (overdraft)
Step 2: Adjust the cheques deposited by a customer but wrongly credited in Mr. X account
Credit balance as per pass book = Rs. (10,200) (overdraft)
Add: Cheques deposited by a customer but wrongly credited in Mr. X account = Rs. 20,600
Adjusted balance = Rs. 10,400 (overdraft)
Therefore, the balance as per cash book will be Rs. 10,400 (overdraft).
Free Test
FREE
| Start Free Test |
Community Answer
The credit balance as per pass book of Mr. X was Rs. 65,600. Cheques i...
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)
balance as per passbook. =65600
(-)cheques issued but not presented =75800
(-)wrongly credit to pass book =20600
overdraft balance as per cash book=(30800)
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
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?
Question Description
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 2024 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 2024 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?.
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 2024 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 2024 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?.
Solutions 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? 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 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? defined & explained in the simplest way possible. Besides giving the explanation of
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?, a detailed solution 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? has been provided alongside types of 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? theory, EduRev gives you an
ample number of questions to practice 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? 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
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup