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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?
Verified Answer
Debit balance as per Cash Book of ABC Enterprises as on 31.3.2011 is R...
- The debit balance in the Cash Book is Rs. 1,500.
- Cheques deposited but not cleared (Rs. 100) should be deducted because they are not yet reflected in the bank account.
- Cheques issued but not presented (Rs. 150) should be added as they have not yet been debited by the bank.
- The bank added Rs. 50 as interest and Rs. 50 as dividends to the account.
Calculation:
\[ 1,500 - 100 + 150 + 50 + 50 = 1,650 \]
Thus, the balance as per the Pass Book is Rs. 1,650 (Option D).
- Cheques deposited but not cleared (Rs. 100) should be deducted because they are not yet reflected in the bank account.
- Cheques issued but not presented (Rs. 150) should be added as they have not yet been debited by the bank.
- The bank added Rs. 50 as interest and Rs. 50 as dividends to the account.
Calculation:
\[ 1,500 - 100 + 150 + 50 + 50 = 1,650 \]
Thus, the balance as per the Pass Book is Rs. 1,650 (Option D).
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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.
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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.
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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?
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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 2025 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 2025 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 2025 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 2025 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.
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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.
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