CA Foundation Exam > CA Foundation Questions > Debit balance as per Cash Book of ABC Enterpr...
Start Learning for Free
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 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)Rs.1,600.
- b)Rs.1,450.
- c)Rs.1,850.
- d)Rs.1,650.
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 is R...
Bank Reconciliation Statement. Debit balance as per cash book 1500 (-) Cheque deposited but not cleared 100 (+)Cheques issued but not presented 150 (+)bank allowed interest 50 (+) dividend collected on behalf of 50 ABC Enterprises. Balance as per pass book 16504.
View all questions of this test
Most Upvoted Answer
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 is R...
Given information:
Debit balance as per Cash Book = Rs. 1,500
Cheques deposited but not cleared = Rs. 100
Cheques issued but not presented = Rs. 150
Bank Interest = Rs. 50
Dividend collected by the bank = Rs. 50
To find: Balance as per Pass Book
Solution:
Step 1: Adjustments for Cheques deposited but not cleared
As per the Cash Book, cheques of Rs. 100 have been deposited but not cleared. So, the Cash Book balance needs to be reduced by Rs. 100.
Adjusted balance as per Cash Book = Rs. 1,500 - Rs. 100 = Rs. 1,400
Step 2: Adjustments for Cheques issued but not presented
As per the Cash Book, cheques of Rs. 150 have been issued but not presented for payment. So, the Cash Book balance needs to be increased by Rs. 150.
Adjusted balance as per Cash Book = Rs. 1,400 + Rs. 150 = Rs. 1,550
Step 3: Adjustments for Bank Interest and Dividend collected by the bank
The bank has allowed interest of Rs. 50 and collected dividend of Rs. 50 on behalf of ABC Enterprises. These amounts have not been recorded in the Cash Book. So, the adjusted balance as per Pass Book would be:
Adjusted balance as per Pass Book = Adjusted balance as per Cash Book + Bank Interest + Dividend collected by the bank
= Rs. 1,550 + Rs. 50 + Rs. 50
= Rs. 1,650
Therefore, the correct option is (d) Rs. 1,650.
Debit balance as per Cash Book = Rs. 1,500
Cheques deposited but not cleared = Rs. 100
Cheques issued but not presented = Rs. 150
Bank Interest = Rs. 50
Dividend collected by the bank = Rs. 50
To find: Balance as per Pass Book
Solution:
Step 1: Adjustments for Cheques deposited but not cleared
As per the Cash Book, cheques of Rs. 100 have been deposited but not cleared. So, the Cash Book balance needs to be reduced by Rs. 100.
Adjusted balance as per Cash Book = Rs. 1,500 - Rs. 100 = Rs. 1,400
Step 2: Adjustments for Cheques issued but not presented
As per the Cash Book, cheques of Rs. 150 have been issued but not presented for payment. So, the Cash Book balance needs to be increased by Rs. 150.
Adjusted balance as per Cash Book = Rs. 1,400 + Rs. 150 = Rs. 1,550
Step 3: Adjustments for Bank Interest and Dividend collected by the bank
The bank has allowed interest of Rs. 50 and collected dividend of Rs. 50 on behalf of ABC Enterprises. These amounts have not been recorded in the Cash Book. So, the adjusted balance as per Pass Book would be:
Adjusted balance as per Pass Book = Adjusted balance as per Cash Book + Bank Interest + Dividend collected by the bank
= Rs. 1,550 + Rs. 50 + Rs. 50
= Rs. 1,650
Therefore, the correct option is (d) Rs. 1,650.
Free Test
FREE
| Start Free Test |
Community Answer
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 is R...
Here debit balance as per cash book it means it's a favourable balance .
now 1500 rupees deposited but not presented that' mean our receipt would be increase but it's not recorded in passbook though we have to less 1500 -100 =1400
now cheque issue it means our balance would decrease but it's not presented in bank passbook so that is receipt for us so it will added now 1400+150=1550.
now intereste allowed by bank that means interest credited to our account so balance would be increase so we have to add as well 1550+50 =1600
dividend collected by bank so our balance would increase as well we have to add also this now balance would be 1600+50 = ans is 1650
now 1500 rupees deposited but not presented that' mean our receipt would be increase but it's not recorded in passbook though we have to less 1500 -100 =1400
now cheque issue it means our balance would decrease but it's not presented in bank passbook so that is receipt for us so it will added now 1400+150=1550.
now intereste allowed by bank that means interest credited to our account so balance would be increase so we have to add as well 1550+50 =1600
dividend collected by bank so our balance would increase as well we have to add also this now balance would be 1600+50 = ans is 1650
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.1,650.Correct answer is option 'D'. Can you explain this answer?
Question Description
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.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 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.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 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.1,650.Correct answer is option 'D'. Can you explain this answer?.
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.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 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.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 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.1,650.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.1,650.Correct answer is option 'D'. 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.
Here you can find the meaning of Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.1,650.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.1,650.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.1,650.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.1,650.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 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)Rs.1,600.b)Rs.1,450.c)Rs.1,850.d)Rs.1,650.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup