UPSC Exam > UPSC Questions > The bork balance as per tass book is 3,000. D...
Start Learning for Free
The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash book
What is the Cash Book balance?
Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300
Show Bank halance as per Cash Book
Bank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500
Calculate lank balance as per Cash Book?
What is the Cash Book balance?
Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300
Show Bank halance as per Cash Book
Bank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500
Calculate lank balance as per Cash Book?
Most Upvoted Answer
The bork balance as per tass book is 3,000. Dividend 150 and interest ...
Understanding the Cash Book Balance
To determine the cash book balance, we need to adjust the bank balance as per the pass book with the transactions that have not been recorded in the cash book.
Initial Balances
- Bank balance as per pass book: 10,000
- Cash book balance: 3,000
Adjustments
- Add: Dividend collected but not recorded: 150
- Add: Interest collected but not recorded: 50
- Subtract: Cash withdrawn from the bank (recorded incorrectly): 3,000 instead of 300
- Cheques issued but not yet presented: 1,500 (not directly affecting cash book balance but noted for reconciliation)
Calculating Cash Book Balance
1. Start with the initial cash book balance: 3,000
2. Add dividend: 3,000 + 150 = 3,150
3. Add interest: 3,150 + 50 = 3,200
4. Correct cash withdrawal: 3,200 - (3,000 - 300) = 3,200 - 2,700 = 500
Thus, the adjusted cash book balance is 500.
Final Cash Book Balance
- Cash Book Balance: 500
Conclusion
- The cash book reflects the real-time cash flow and adjustments to ensure that all transactions are accurately recorded. The discrepancies between bank and cash book balances highlight the importance of regular reconciliation.
To determine the cash book balance, we need to adjust the bank balance as per the pass book with the transactions that have not been recorded in the cash book.
Initial Balances
- Bank balance as per pass book: 10,000
- Cash book balance: 3,000
Adjustments
- Add: Dividend collected but not recorded: 150
- Add: Interest collected but not recorded: 50
- Subtract: Cash withdrawn from the bank (recorded incorrectly): 3,000 instead of 300
- Cheques issued but not yet presented: 1,500 (not directly affecting cash book balance but noted for reconciliation)
Calculating Cash Book Balance
1. Start with the initial cash book balance: 3,000
2. Add dividend: 3,000 + 150 = 3,150
3. Add interest: 3,150 + 50 = 3,200
4. Correct cash withdrawal: 3,200 - (3,000 - 300) = 3,200 - 2,700 = 500
Thus, the adjusted cash book balance is 500.
Final Cash Book Balance
- Cash Book Balance: 500
Conclusion
- The cash book reflects the real-time cash flow and adjustments to ensure that all transactions are accurately recorded. The discrepancies between bank and cash book balances highlight the importance of regular reconciliation.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per Cash Book?
Question Description
The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per 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 The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per Cash Book? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per Cash Book?.
The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per 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 The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per Cash Book? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per Cash Book?.
Solutions for The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per Cash Book? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per Cash Book? defined & explained in the simplest way possible. Besides giving the explanation of
The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per Cash Book?, a detailed solution for The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per Cash Book? has been provided alongside types of The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per Cash Book? theory, EduRev gives you an
ample number of questions to practice The bork balance as per tass book is 3,000. Dividend 150 and interest 50 collected and credinc by bank but not debted in the cash bookWhat is the Cash Book balance?Bank balance as per pass book is 9,700. Cash withdrawn from bank for 3,000 but recorded the cash book as 300Show Bank halance as per Cash BookBank halance as per pass book is 10.000. Cheques issued but tot yet presented for purmen 1,500Calculate lank balance as per Cash Book? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC 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