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 The cash book showed an overdraft of Rs. 1,500 as cash at bank, 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 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?
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The Problem:
The cash book shows an overdraft of Rs. 1,500 as cash at bank, but the pass book made up to the same date shows that cheques of Rs. 100, Rs. 50, and Rs. 125, respectively, had not been presented for payments. Additionally, a cheque of Rs. 400 paid into the account had not been cleared. We need to determine the balance as per the pass book.

Solution:
In order to find the balance as per the pass book, we need to make adjustments for the outstanding cheques and the uncleared cheque.

Step 1: Adjust for outstanding cheques:
- The cash book shows an overdraft of Rs. 1,500 as cash at bank, which means the bank account has a negative balance.
- The outstanding cheques totaling Rs. 100, Rs. 50, and Rs. 125 have not been presented for payment.
- Deducting these outstanding cheques from the overdraft balance:
- Rs. 1,500 - Rs. 100 - Rs. 50 - Rs. 125 = Rs. 1,225

Step 2: Adjust for uncleared cheque:
- A cheque of Rs. 400 has been paid into the account but has not been cleared.
- Adding this uncleared cheque to the adjusted balance from step 1:
- Rs. 1,225 + Rs. 400 = Rs. 1,625

Therefore, the balance as per the pass book will be Rs. 1,625.

Final Answer:
The correct answer is option c) Rs. 1,625.
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The cash book showed an overdraft of Rs. 1,500 as cash at bank, 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 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 as cash at bank, 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 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 as cash at bank, 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 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 as cash at bank, 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 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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