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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 overdraft 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?
Verified Answer
The cash book showed an overdraft of Rs. 1,500, but the pass book made...
The correct answer is Rs. 1625. In the field of bookkeeping and accountancy, a bank reconciliation statement refers to the difference between the bank balance that is present on an entity’s bank statement as opposed to the amount shown in the accounting records of the of that entity.

There are many reasons why such incidents might occur. One of the major reason could be that the cheques that are issued by the entity were not shown in the bank, or there was no record kept for a credit transfer in the entity’ record book. Another reason could be that the bank or the entity has made an error.
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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 overdraft 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 overdraft 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 overdraft 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 overdraft 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 overdraft 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. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
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