UPSC Exam  >  UPSC Questions  >  On 31st March, 2024 the pass book of Shes Pap... Start Learning for Free
On 31st March, 2024 the pass book of Shes Papun shows the credit balance of 1338
The cheques and drafts were sent to the bank but not collected and credited amounted to and a chequr drawn for 650 were not presented for payment till 5th April, 2024
The bank has paid a bill payable anusunted to 1,000 but it has not been entered in the can ho and a bill receivable of 500 which was discounted with the bank, was dishonoured by the on due date Prepare Bank Reconciliation and show the balanse
The bank has charged 13 as its commission and has allowed interest 110 on the balan?
Most Upvoted Answer
On 31st March, 2024 the pass book of Shes Papun shows the credit balan...
Bank Reconciliation Statement as of 31st March 2024
To reconcile the balance as per the passbook with the balance as per the bank statement, we will consider the outstanding cheques, uncollected deposits, and other transactions.
1. Pass Book Balance
- Credit balance as per pass book: 1338
2. Add: Outstanding Deposits
- Cheques and drafts sent but not credited: 0 (Assuming no amount specified)
3. Less: Outstanding Cheques
- Cheque drawn but not presented: 650
4. Less: Other Adjustments
- Bill payable paid by the bank (not entered in the cash book): 1000
- Dishonoured bill receivable discounted with the bank: 500
- Bank commission charged: 13
5. Add: Interest Allowed
- Interest allowed by the bank: 110
Final Calculation
- Pass Book Balance: 1338
- Add: Outstanding Deposits: 0
- Less: Outstanding Cheques: 650
- Less: Bill Payable: 1000
- Less: Dishonoured Bill Receivable: 500
- Less: Bank Commission: 13
- Add: Interest: 110
Final Balance Calculation
- 1338 + 0 - 650 - 1000 - 500 - 13 + 110 = -715
Final Balance Outcome
- The adjusted balance reflects a negative balance of 715, indicating mismanagement or a need for further adjustments in the cash book.
Conclusion
This reconciliation highlights discrepancies that need to be addressed for accurate financial reporting. Ensure all transactions are documented in both the bank statement and cash book for future accuracy.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

On 31st March, 2024 the pass book of Shes Papun shows the credit balance of 1338The cheques and drafts were sent to the bank but not collected and credited amounted to and a chequr drawn for 650 were not presented for payment till 5th April, 2024The bank has paid a bill payable anusunted to 1,000 but it has not been entered in the can ho and a bill receivable of 500 which was discounted with the bank, was dishonoured by the on due date Prepare Bank Reconciliation and show the balanseThe bank has charged 13 as its commission and has allowed interest 110 on the balan?
Question Description
On 31st March, 2024 the pass book of Shes Papun shows the credit balance of 1338The cheques and drafts were sent to the bank but not collected and credited amounted to and a chequr drawn for 650 were not presented for payment till 5th April, 2024The bank has paid a bill payable anusunted to 1,000 but it has not been entered in the can ho and a bill receivable of 500 which was discounted with the bank, was dishonoured by the on due date Prepare Bank Reconciliation and show the balanseThe bank has charged 13 as its commission and has allowed interest 110 on the balan? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about On 31st March, 2024 the pass book of Shes Papun shows the credit balance of 1338The cheques and drafts were sent to the bank but not collected and credited amounted to and a chequr drawn for 650 were not presented for payment till 5th April, 2024The bank has paid a bill payable anusunted to 1,000 but it has not been entered in the can ho and a bill receivable of 500 which was discounted with the bank, was dishonoured by the on due date Prepare Bank Reconciliation and show the balanseThe bank has charged 13 as its commission and has allowed interest 110 on the balan? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 31st March, 2024 the pass book of Shes Papun shows the credit balance of 1338The cheques and drafts were sent to the bank but not collected and credited amounted to and a chequr drawn for 650 were not presented for payment till 5th April, 2024The bank has paid a bill payable anusunted to 1,000 but it has not been entered in the can ho and a bill receivable of 500 which was discounted with the bank, was dishonoured by the on due date Prepare Bank Reconciliation and show the balanseThe bank has charged 13 as its commission and has allowed interest 110 on the balan?.
Solutions for On 31st March, 2024 the pass book of Shes Papun shows the credit balance of 1338The cheques and drafts were sent to the bank but not collected and credited amounted to and a chequr drawn for 650 were not presented for payment till 5th April, 2024The bank has paid a bill payable anusunted to 1,000 but it has not been entered in the can ho and a bill receivable of 500 which was discounted with the bank, was dishonoured by the on due date Prepare Bank Reconciliation and show the balanseThe bank has charged 13 as its commission and has allowed interest 110 on the balan? 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 On 31st March, 2024 the pass book of Shes Papun shows the credit balance of 1338The cheques and drafts were sent to the bank but not collected and credited amounted to and a chequr drawn for 650 were not presented for payment till 5th April, 2024The bank has paid a bill payable anusunted to 1,000 but it has not been entered in the can ho and a bill receivable of 500 which was discounted with the bank, was dishonoured by the on due date Prepare Bank Reconciliation and show the balanseThe bank has charged 13 as its commission and has allowed interest 110 on the balan? defined & explained in the simplest way possible. Besides giving the explanation of On 31st March, 2024 the pass book of Shes Papun shows the credit balance of 1338The cheques and drafts were sent to the bank but not collected and credited amounted to and a chequr drawn for 650 were not presented for payment till 5th April, 2024The bank has paid a bill payable anusunted to 1,000 but it has not been entered in the can ho and a bill receivable of 500 which was discounted with the bank, was dishonoured by the on due date Prepare Bank Reconciliation and show the balanseThe bank has charged 13 as its commission and has allowed interest 110 on the balan?, a detailed solution for On 31st March, 2024 the pass book of Shes Papun shows the credit balance of 1338The cheques and drafts were sent to the bank but not collected and credited amounted to and a chequr drawn for 650 were not presented for payment till 5th April, 2024The bank has paid a bill payable anusunted to 1,000 but it has not been entered in the can ho and a bill receivable of 500 which was discounted with the bank, was dishonoured by the on due date Prepare Bank Reconciliation and show the balanseThe bank has charged 13 as its commission and has allowed interest 110 on the balan? has been provided alongside types of On 31st March, 2024 the pass book of Shes Papun shows the credit balance of 1338The cheques and drafts were sent to the bank but not collected and credited amounted to and a chequr drawn for 650 were not presented for payment till 5th April, 2024The bank has paid a bill payable anusunted to 1,000 but it has not been entered in the can ho and a bill receivable of 500 which was discounted with the bank, was dishonoured by the on due date Prepare Bank Reconciliation and show the balanseThe bank has charged 13 as its commission and has allowed interest 110 on the balan? theory, EduRev gives you an ample number of questions to practice On 31st March, 2024 the pass book of Shes Papun shows the credit balance of 1338The cheques and drafts were sent to the bank but not collected and credited amounted to and a chequr drawn for 650 were not presented for payment till 5th April, 2024The bank has paid a bill payable anusunted to 1,000 but it has not been entered in the can ho and a bill receivable of 500 which was discounted with the bank, was dishonoured by the on due date Prepare Bank Reconciliation and show the balanseThe bank has charged 13 as its commission and has allowed interest 110 on the balan? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev