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The overdraft as per cash book of Mr. X is Rs. 20,500. One of the customer of Mr. X residing in Mumbai directly remitted Rs. 50,000 into Mr. X’s account, about which Mr. X was not aware. One of the cheques deposited into bank for Rs. 25,000 was returned unpaid and the advice in this regard is yet to be received by Mr. X. The balance as per Pass book was:
- a)Rs. 4,500 credit
- b)Rs. 4,500 overdraft
- c)Rs. 45,500 credit
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
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The overdraft as per cash book of Mr. X is Rs. 20,500. One of the cust...
The correct option is A.
Overdraft as per cash book is 20500.
Since 50000 is received by the bank, it is recorded in pass book but not in cash book. So it has to be added in cash book. Also cheques deposited are returned unpaid. So they will be subtracted. So balance as per pass book= -20500+50000-25000=4500 (credit)
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The overdraft as per cash book of Mr. X is Rs. 20,500. One of the cust...
Cr. balance as per cash book is (-) Rs. 20500.Cheques deposited by custumer in Mr. X's account directly (+) Rs.50000.Cheques deposited but dishonured by bank (-) Rs.25000.Now,Cr. balance as per pass book is (+) Rs. 4500.
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The overdraft as per cash book of Mr. X is Rs. 20,500. One of the cust...
's bank account. This remittance will result in a decrease in Mr. X's overdraft by Rs. 50,000. Therefore, the new overdraft balance will be Rs. (20,500 - 50,000) = - Rs. 29,500.
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The overdraft as per cash book of Mr. X is Rs. 20,500. One of the customer of Mr. X residing in Mumbai directly remitted Rs. 50,000 into Mr. X’s account, about which Mr. X was not aware. One of the cheques deposited into bank for Rs. 25,000 was returned unpaid and the advice in this regard is yet to be received by Mr. X. The balance as per Pass book was:a)Rs. 4,500 creditb)Rs. 4,500 overdraftc)Rs. 45,500 creditd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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The overdraft as per cash book of Mr. X is Rs. 20,500. One of the customer of Mr. X residing in Mumbai directly remitted Rs. 50,000 into Mr. X’s account, about which Mr. X was not aware. One of the cheques deposited into bank for Rs. 25,000 was returned unpaid and the advice in this regard is yet to be received by Mr. X. The balance as per Pass book was:a)Rs. 4,500 creditb)Rs. 4,500 overdraftc)Rs. 45,500 creditd)None of the aboveCorrect answer is option 'A'. 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 overdraft as per cash book of Mr. X is Rs. 20,500. One of the customer of Mr. X residing in Mumbai directly remitted Rs. 50,000 into Mr. X’s account, about which Mr. X was not aware. One of the cheques deposited into bank for Rs. 25,000 was returned unpaid and the advice in this regard is yet to be received by Mr. X. The balance as per Pass book was:a)Rs. 4,500 creditb)Rs. 4,500 overdraftc)Rs. 45,500 creditd)None of the aboveCorrect answer is option 'A'. 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 overdraft as per cash book of Mr. X is Rs. 20,500. One of the customer of Mr. X residing in Mumbai directly remitted Rs. 50,000 into Mr. X’s account, about which Mr. X was not aware. One of the cheques deposited into bank for Rs. 25,000 was returned unpaid and the advice in this regard is yet to be received by Mr. X. The balance as per Pass book was:a)Rs. 4,500 creditb)Rs. 4,500 overdraftc)Rs. 45,500 creditd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
The overdraft as per cash book of Mr. X is Rs. 20,500. One of the customer of Mr. X residing in Mumbai directly remitted Rs. 50,000 into Mr. X’s account, about which Mr. X was not aware. One of the cheques deposited into bank for Rs. 25,000 was returned unpaid and the advice in this regard is yet to be received by Mr. X. The balance as per Pass book was:a)Rs. 4,500 creditb)Rs. 4,500 overdraftc)Rs. 45,500 creditd)None of the aboveCorrect answer is option 'A'. 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 overdraft as per cash book of Mr. X is Rs. 20,500. One of the customer of Mr. X residing in Mumbai directly remitted Rs. 50,000 into Mr. X’s account, about which Mr. X was not aware. One of the cheques deposited into bank for Rs. 25,000 was returned unpaid and the advice in this regard is yet to be received by Mr. X. The balance as per Pass book was:a)Rs. 4,500 creditb)Rs. 4,500 overdraftc)Rs. 45,500 creditd)None of the aboveCorrect answer is option 'A'. 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 overdraft as per cash book of Mr. X is Rs. 20,500. One of the customer of Mr. X residing in Mumbai directly remitted Rs. 50,000 into Mr. X’s account, about which Mr. X was not aware. One of the cheques deposited into bank for Rs. 25,000 was returned unpaid and the advice in this regard is yet to be received by Mr. X. The balance as per Pass book was:a)Rs. 4,500 creditb)Rs. 4,500 overdraftc)Rs. 45,500 creditd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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