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Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 is Rs. 1,500.Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per pass book should be
- a)1,600.
- b)1,450.
- c)1,850.
- d)1,650.
Correct answer is option 'D'. Can you explain this answer?
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Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 is R...
Most Upvoted Answer
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 is R...
Balance as per cashbook=1500
(-)cheque deposited but not collected=₹100
(+) cheque issued but not presented=₹150
(+)bank allowed interest=₹50
(+) dividend collected=₹50
balance as per passbook=₹1650
i hope u get it
thankyou
(-)cheque deposited but not collected=₹100
(+) cheque issued but not presented=₹150
(+)bank allowed interest=₹50
(+) dividend collected=₹50
balance as per passbook=₹1650
i hope u get it
thankyou
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Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 is R...
Explanation:
To find the balance as per the pass book, we need to make adjustments for the following:
1. Cheques deposited but not cleared: Rs. 100
2. Cheques issued but not presented: Rs. 150
3. Bank allowed interest: Rs. 50
4. Dividend collected by the bank: Rs. 50
Step 1: Adjusting the cheques deposited but not cleared:
When cheques are deposited but not cleared, they are considered as a debit in the cash book. However, since they have not been cleared by the bank, they will not appear in the pass book. Therefore, we need to deduct the amount of Rs. 100 from the cash book balance.
Cash book balance - Cheques deposited but not cleared = Rs. 1,500 - Rs. 100 = Rs. 1,400
Step 2: Adjusting the cheques issued but not presented:
When cheques are issued but not presented, they are considered as a credit in the cash book. However, since they have not been presented to the bank, they will not appear in the pass book. Therefore, we need to add the amount of Rs. 150 to the cash book balance.
Cash book balance + Cheques issued but not presented = Rs. 1,400 + Rs. 150 = Rs. 1,550
Step 3: Adjusting the bank allowed interest:
Bank interest is added to the pass book balance but not recorded in the cash book. Therefore, we need to add the amount of Rs. 50 to the cash book balance.
Cash book balance + Bank allowed interest = Rs. 1,550 + Rs. 50 = Rs. 1,600
Step 4: Adjusting the dividend collected by the bank:
Dividend collected by the bank is added to the pass book balance but not recorded in the cash book. Therefore, we need to add the amount of Rs. 50 to the cash book balance.
Cash book balance + Dividend collected by the bank = Rs. 1,600 + Rs. 50 = Rs. 1,650
Therefore, the balance as per the pass book is Rs. 1,650, which corresponds to option 'D'.
To find the balance as per the pass book, we need to make adjustments for the following:
1. Cheques deposited but not cleared: Rs. 100
2. Cheques issued but not presented: Rs. 150
3. Bank allowed interest: Rs. 50
4. Dividend collected by the bank: Rs. 50
Step 1: Adjusting the cheques deposited but not cleared:
When cheques are deposited but not cleared, they are considered as a debit in the cash book. However, since they have not been cleared by the bank, they will not appear in the pass book. Therefore, we need to deduct the amount of Rs. 100 from the cash book balance.
Cash book balance - Cheques deposited but not cleared = Rs. 1,500 - Rs. 100 = Rs. 1,400
Step 2: Adjusting the cheques issued but not presented:
When cheques are issued but not presented, they are considered as a credit in the cash book. However, since they have not been presented to the bank, they will not appear in the pass book. Therefore, we need to add the amount of Rs. 150 to the cash book balance.
Cash book balance + Cheques issued but not presented = Rs. 1,400 + Rs. 150 = Rs. 1,550
Step 3: Adjusting the bank allowed interest:
Bank interest is added to the pass book balance but not recorded in the cash book. Therefore, we need to add the amount of Rs. 50 to the cash book balance.
Cash book balance + Bank allowed interest = Rs. 1,550 + Rs. 50 = Rs. 1,600
Step 4: Adjusting the dividend collected by the bank:
Dividend collected by the bank is added to the pass book balance but not recorded in the cash book. Therefore, we need to add the amount of Rs. 50 to the cash book balance.
Cash book balance + Dividend collected by the bank = Rs. 1,600 + Rs. 50 = Rs. 1,650
Therefore, the balance as per the pass book is Rs. 1,650, which corresponds to option 'D'.
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Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 is Rs. 1,500.Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per pass book should bea)1,600.b)1,450.c)1,850.d)1,650.Correct answer is option 'D'. Can you explain this answer?
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Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 is Rs. 1,500.Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per pass book should bea)1,600.b)1,450.c)1,850.d)1,650.Correct answer is option 'D'. 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 Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 is Rs. 1,500.Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per pass book should bea)1,600.b)1,450.c)1,850.d)1,650.Correct answer is option 'D'. 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 Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 is Rs. 1,500.Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per pass book should bea)1,600.b)1,450.c)1,850.d)1,650.Correct answer is option 'D'. Can you explain this answer?.
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 is Rs. 1,500.Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per pass book should bea)1,600.b)1,450.c)1,850.d)1,650.Correct answer is option 'D'. 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 Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 is Rs. 1,500.Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per pass book should bea)1,600.b)1,450.c)1,850.d)1,650.Correct answer is option 'D'. 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 Debit balance as per Cash Book of ABC Enterprises as on 31.3.2006 is Rs. 1,500.Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per pass book should bea)1,600.b)1,450.c)1,850.d)1,650.Correct answer is option 'D'. Can you explain this answer?.
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