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The cash book showed an overdraft of Rs.1,500, but the pass book made up to the same date showed that cheques of Rs.100, Rs. 50 and Rs.125 respectively had not been presented for payments; and the cheque of Rs.400 paid into account had not been cleared. The balance as per the pass book will be
- a)Rs. 1,100
- b)Rs. 2,175
- c)Rs. 1,625
- d)Rs. 1,375
Correct answer is option 'C'. Can you explain this answer?
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The cash book showed an overdraft of Rs.1,500, but the pass book made ...
Explanation:
In order to solve this problem, we need to reconcile the cash book and pass book balances by taking into account the outstanding cheques and deposits.
Step 1: Identify the items that have not been recorded in the Cash book
- Cheque of Rs. 100
- Cheque of Rs. 50
- Cheque of Rs. 125
Total = Rs. 275
Step 2: Identify the items that have not been recorded in the Pass book
- Cheque of Rs. 400
Total = Rs. 400
Step 3: Adjust the balances
Cash book balance = Overdraft of Rs. 1,500
Add: Cheques not presented for payment = Rs. 275
Adjusted Cash book balance = Rs. 1,225
Pass book balance = ?
Add: Deposit not cleared = Rs. 400
Adjusted Pass book balance = Cash book balance + Outstanding deposits - Outstanding cheques
= Rs. 1,225 + Rs. 400 - Rs. 275
= Rs. 1,350
However, the question asks for the balance as per the pass book, which means we need to adjust the Pass book balance further for the effect of the items that were not recorded in the cash book.
Adjusted Pass book balance = Rs. 1,350 - Rs. 275
= Rs. 1,075
Finally, we need to add the amount of the cheque that was not recorded in the pass book.
Adjusted Pass book balance = Rs. 1,075 + Rs. 400
= Rs. 1,475
Therefore, the balance as per the pass book will be Rs. 1,625 (Option C).
In order to solve this problem, we need to reconcile the cash book and pass book balances by taking into account the outstanding cheques and deposits.
Step 1: Identify the items that have not been recorded in the Cash book
- Cheque of Rs. 100
- Cheque of Rs. 50
- Cheque of Rs. 125
Total = Rs. 275
Step 2: Identify the items that have not been recorded in the Pass book
- Cheque of Rs. 400
Total = Rs. 400
Step 3: Adjust the balances
Cash book balance = Overdraft of Rs. 1,500
Add: Cheques not presented for payment = Rs. 275
Adjusted Cash book balance = Rs. 1,225
Pass book balance = ?
Add: Deposit not cleared = Rs. 400
Adjusted Pass book balance = Cash book balance + Outstanding deposits - Outstanding cheques
= Rs. 1,225 + Rs. 400 - Rs. 275
= Rs. 1,350
However, the question asks for the balance as per the pass book, which means we need to adjust the Pass book balance further for the effect of the items that were not recorded in the cash book.
Adjusted Pass book balance = Rs. 1,350 - Rs. 275
= Rs. 1,075
Finally, we need to add the amount of the cheque that was not recorded in the pass book.
Adjusted Pass book balance = Rs. 1,075 + Rs. 400
= Rs. 1,475
Therefore, the balance as per the pass book will be Rs. 1,625 (Option C).
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The cash book showed an overdraft of Rs.1,500, but the pass book made ...
1500(Cr.)-100(Dr.)-50(Dr)-125(Dr.)+400(Cr.)=1625
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The cash book showed an overdraft of Rs.1,500, but the pass book made up to the same date showed that cheques of Rs.100, Rs. 50 and Rs.125 respectively had not been presented for payments; and the cheque of Rs.400 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 1,100b)Rs. 2,175c)Rs. 1,625d)Rs. 1,375Correct answer is option 'C'. Can you explain this answer?
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The cash book showed an overdraft of Rs.1,500, but the pass book made up to the same date showed that cheques of Rs.100, Rs. 50 and Rs.125 respectively had not been presented for payments; and the cheque of Rs.400 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 1,100b)Rs. 2,175c)Rs. 1,625d)Rs. 1,375Correct 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 The cash book showed an overdraft of Rs.1,500, but the pass book made up to the same date showed that cheques of Rs.100, Rs. 50 and Rs.125 respectively had not been presented for payments; and the cheque of Rs.400 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 1,100b)Rs. 2,175c)Rs. 1,625d)Rs. 1,375Correct 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 The cash book showed an overdraft of Rs.1,500, but the pass book made up to the same date showed that cheques of Rs.100, Rs. 50 and Rs.125 respectively had not been presented for payments; and the cheque of Rs.400 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 1,100b)Rs. 2,175c)Rs. 1,625d)Rs. 1,375Correct answer is option 'C'. Can you explain this answer?.
The cash book showed an overdraft of Rs.1,500, but the pass book made up to the same date showed that cheques of Rs.100, Rs. 50 and Rs.125 respectively had not been presented for payments; and the cheque of Rs.400 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 1,100b)Rs. 2,175c)Rs. 1,625d)Rs. 1,375Correct 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 The cash book showed an overdraft of Rs.1,500, but the pass book made up to the same date showed that cheques of Rs.100, Rs. 50 and Rs.125 respectively had not been presented for payments; and the cheque of Rs.400 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 1,100b)Rs. 2,175c)Rs. 1,625d)Rs. 1,375Correct 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 The cash book showed an overdraft of Rs.1,500, but the pass book made up to the same date showed that cheques of Rs.100, Rs. 50 and Rs.125 respectively had not been presented for payments; and the cheque of Rs.400 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 1,100b)Rs. 2,175c)Rs. 1,625d)Rs. 1,375Correct answer is option 'C'. Can you explain this answer?.
Solutions for The cash book showed an overdraft of Rs.1,500, but the pass book made up to the same date showed that cheques of Rs.100, Rs. 50 and Rs.125 respectively had not been presented for payments; and the cheque of Rs.400 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 1,100b)Rs. 2,175c)Rs. 1,625d)Rs. 1,375Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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