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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 Cash withdrawn from bank for 3,000 but recorded the cash book as 300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 Cash withdrawn from bank for 3,000 but recorded the cash book as 300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- Subtract: Cash withdrawn from the bank (recorded incorrectly): 3,000 instead of 300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- Subtract: Cash withdrawn from the bank (recorded incorrectly): 3,000 instead of 300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.
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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.
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