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Cash and cheques amounting to ` 13,600 were deposited in the
Bank on 29th June, but cheques worth ` 5,200 were cleared by the
Bank on 1st July., and one cheque for ` 1,000 was returned by them
as dishonoured on the latter date
so how much amount will less from cash book
if we are going to pass book from cash book?
Most Upvoted Answer
Cash and cheques amounting to ` 13,600 were deposited in the Bank on 2...
Understanding the Transaction
The transaction involves deposits and cheques, with specific dates impacting the cash flow. Here’s a breakdown of the situation:
Deposits Made
- Cash and cheques totaling ` 13,600 were deposited in the bank on 29th June.
- This amount will be recorded in the cash book as a deposit.
Cheque Clearance and Return
- On 1st July, cheques worth ` 5,200 were cleared, which means this amount is reflected in the bank statement.
- However, a cheque of ` 1,000 was returned dishonoured on the same date, indicating that this amount will not be available in the bank.
Calculating the Impact on the Cash Book
- The total deposits made: ` 13,600.
- Cheques cleared: ` 5,200 (this will be included in the cash book).
- Dishonoured cheque: ` 1,000 (this will reduce the amount in the cash book).
Final Calculation
- Cash book balance after these transactions:
- Initial deposit: ` 13,600
- Less: Dishonoured cheque: ` 1,000
- Net amount to be recorded in cash book:
- ` 13,600 - ` 1,000 = ` 12,600
Conclusion
The total amount that will be deducted from the cash book when reconciling with the passbook is the dishonoured cheque of ` 1,000. Therefore, the final cash book will reflect ` 12,600 after accounting for the returned cheque.
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Cash and cheques amounting to ` 13,600 were deposited in the Bank on 29th June, but cheques worth ` 5,200 were cleared by the Bank on 1st July., and one cheque for ` 1,000 was returned by them as dishonoured on the latter dateso how much amount will less from cash bookif we are going to pass book from cash book?
Question Description
Cash and cheques amounting to ` 13,600 were deposited in the Bank on 29th June, but cheques worth ` 5,200 were cleared by the Bank on 1st July., and one cheque for ` 1,000 was returned by them as dishonoured on the latter dateso how much amount will less from cash bookif we are going to pass book from cash book? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Cash and cheques amounting to ` 13,600 were deposited in the Bank on 29th June, but cheques worth ` 5,200 were cleared by the Bank on 1st July., and one cheque for ` 1,000 was returned by them as dishonoured on the latter dateso how much amount will less from cash bookif we are going to pass book from cash book? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Cash and cheques amounting to ` 13,600 were deposited in the Bank on 29th June, but cheques worth ` 5,200 were cleared by the Bank on 1st July., and one cheque for ` 1,000 was returned by them as dishonoured on the latter dateso how much amount will less from cash bookif we are going to pass book from cash book?.
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