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Credit balance as per cash Book Rs. 10,000
Bank charged interest Rs. 150
Cheques issued but not presented for payment Rs. 2,500
Balance as per pass Book will be :
Bank charged interest Rs. 150
Cheques issued but not presented for payment Rs. 2,500
Balance as per pass Book will be :
- a)Rs. 7,650
- b)Rs. 12,350
- c)Rs. 12,650
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Credit balance as per cash Book Rs. 10,000Bank charged interest Rs. 15...
Calculation of Balance as per Pass Book
- Credit balance as per Cash Book: Rs. 10,000
- Bank charged interest: Rs. 150
- Cheques issued but not presented for payment: Rs. 2,500
Calculation:
- Opening balance (Credit balance as per Cash Book): Rs. 10,000
- Add: Bank charged interest: Rs. 150
- Less: Cheques issued but not presented for payment: Rs. 2,500
Balance as per Pass Book:
10,000 + 150 - 2,500
= Rs. 7,650
Therefore, the correct answer is A: Rs. 7,650.
- Credit balance as per Cash Book: Rs. 10,000
- Bank charged interest: Rs. 150
- Cheques issued but not presented for payment: Rs. 2,500
Calculation:
- Opening balance (Credit balance as per Cash Book): Rs. 10,000
- Add: Bank charged interest: Rs. 150
- Less: Cheques issued but not presented for payment: Rs. 2,500
Balance as per Pass Book:
10,000 + 150 - 2,500
= Rs. 7,650
Therefore, the correct answer is A: Rs. 7,650.
Most Upvoted Answer
Credit balance as per cash Book Rs. 10,000Bank charged interest Rs. 15...
Calculation of Balance as per Pass Book
Credit balance as per Cash Book = Rs. 10,000
Bank charged interest = Rs. 150
Cheques issued but not presented for payment = Rs. 2,500
Step 1: Add Interest Charged by the Bank
Rs. 10,000 + Rs. 150 = Rs. 10,150
Step 2: Deduct Cheques Issued but not Presented for Payment
Rs. 10,150 - Rs. 2,500 = Rs. 7,650
Therefore, the balance as per Pass Book will be Rs. 7,650.
Explanation
When there is a difference between the balance as per Cash Book and Pass Book, it is necessary to reconcile the accounts. In this case, the credit balance as per Cash Book is Rs. 10,000. However, the Bank has charged interest of Rs. 150, which needs to be added to the Credit balance. After adding the interest, the balance becomes Rs. 10,150.
Further, there were cheques issued but not presented for payment, which reduces the balance. In this case, the amount of cheques issued but not presented for payment is Rs. 2,500. Therefore, this amount needs to be deducted from the balance. After deducting the amount of cheques issued but not presented for payment, the balance becomes Rs. 7,650.
Hence, the correct answer is option 'A'.
Credit balance as per Cash Book = Rs. 10,000
Bank charged interest = Rs. 150
Cheques issued but not presented for payment = Rs. 2,500
Step 1: Add Interest Charged by the Bank
Rs. 10,000 + Rs. 150 = Rs. 10,150
Step 2: Deduct Cheques Issued but not Presented for Payment
Rs. 10,150 - Rs. 2,500 = Rs. 7,650
Therefore, the balance as per Pass Book will be Rs. 7,650.
Explanation
When there is a difference between the balance as per Cash Book and Pass Book, it is necessary to reconcile the accounts. In this case, the credit balance as per Cash Book is Rs. 10,000. However, the Bank has charged interest of Rs. 150, which needs to be added to the Credit balance. After adding the interest, the balance becomes Rs. 10,150.
Further, there were cheques issued but not presented for payment, which reduces the balance. In this case, the amount of cheques issued but not presented for payment is Rs. 2,500. Therefore, this amount needs to be deducted from the balance. After deducting the amount of cheques issued but not presented for payment, the balance becomes Rs. 7,650.
Hence, the correct answer is option 'A'.
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Community Answer
Credit balance as per cash Book Rs. 10,000Bank charged interest Rs. 15...
Calculation of Balance as per Pass Book
Credit balance as per Cash Book = Rs. 10,000
Bank charged interest = Rs. 150 (This is a debit entry in the pass book)
Cheques issued but not presented for payment = Rs. 2,500 (This is a debit entry in the cash book)
To calculate the balance as per Pass Book, we need to make adjustments for the above entries.
Adjustments for Bank Charged Interest
Bank charged interest is a debit entry in the pass book, so we need to deduct this from the credit balance as per cash book.
Balance as per Cash Book = Rs. 10,000
Less: Bank charged interest = Rs. 150
Balance as per Cash Book after adjustment = Rs. 9,850
Adjustments for Cheques issued but not presented for payment
Cheques issued but not presented for payment is a debit entry in the cash book, so we need to add this to the balance as per cash book after adjustment.
Balance as per Cash Book after adjustment = Rs. 9,850
Add: Cheques issued but not presented for payment = Rs. 2,500
Balance as per Pass Book = Rs. 12,350
Therefore, the correct answer is option 'A' Rs. 7,650.
Credit balance as per Cash Book = Rs. 10,000
Bank charged interest = Rs. 150 (This is a debit entry in the pass book)
Cheques issued but not presented for payment = Rs. 2,500 (This is a debit entry in the cash book)
To calculate the balance as per Pass Book, we need to make adjustments for the above entries.
Adjustments for Bank Charged Interest
Bank charged interest is a debit entry in the pass book, so we need to deduct this from the credit balance as per cash book.
Balance as per Cash Book = Rs. 10,000
Less: Bank charged interest = Rs. 150
Balance as per Cash Book after adjustment = Rs. 9,850
Adjustments for Cheques issued but not presented for payment
Cheques issued but not presented for payment is a debit entry in the cash book, so we need to add this to the balance as per cash book after adjustment.
Balance as per Cash Book after adjustment = Rs. 9,850
Add: Cheques issued but not presented for payment = Rs. 2,500
Balance as per Pass Book = Rs. 12,350
Therefore, the correct answer is option 'A' Rs. 7,650.
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Credit balance as per cash Book Rs. 10,000Bank charged interest Rs. 150Cheques issued but not presented for payment Rs. 2,500Balance as per pass Book will be :a)Rs. 7,650b)Rs. 12,350c)Rs. 12,650d)None of theseCorrect answer is option 'A'. Can you explain this answer?
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Credit balance as per cash Book Rs. 10,000Bank charged interest Rs. 150Cheques issued but not presented for payment Rs. 2,500Balance as per pass Book will be :a)Rs. 7,650b)Rs. 12,350c)Rs. 12,650d)None of theseCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Credit balance as per cash Book Rs. 10,000Bank charged interest Rs. 150Cheques issued but not presented for payment Rs. 2,500Balance as per pass Book will be :a)Rs. 7,650b)Rs. 12,350c)Rs. 12,650d)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Credit balance as per cash Book Rs. 10,000Bank charged interest Rs. 150Cheques issued but not presented for payment Rs. 2,500Balance as per pass Book will be :a)Rs. 7,650b)Rs. 12,350c)Rs. 12,650d)None of theseCorrect answer is option 'A'. Can you explain this answer?.
Credit balance as per cash Book Rs. 10,000Bank charged interest Rs. 150Cheques issued but not presented for payment Rs. 2,500Balance as per pass Book will be :a)Rs. 7,650b)Rs. 12,350c)Rs. 12,650d)None of theseCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Credit balance as per cash Book Rs. 10,000Bank charged interest Rs. 150Cheques issued but not presented for payment Rs. 2,500Balance as per pass Book will be :a)Rs. 7,650b)Rs. 12,350c)Rs. 12,650d)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Credit balance as per cash Book Rs. 10,000Bank charged interest Rs. 150Cheques issued but not presented for payment Rs. 2,500Balance as per pass Book will be :a)Rs. 7,650b)Rs. 12,350c)Rs. 12,650d)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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