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When the balance as per Cash Book is the starting point, direct deposits by customers are.
- a)Added
- b)Subtracted
- c)Not required to be adjusted
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
When the balance as per Cash Book is the starting point, direct deposi...
- When reconciling the Cash Book balance to the Bank Statement, direct deposits by customers are transactions that increase the bank balance but might not yet be recorded in the Cash Book.
- Since these deposits increase the actual bank balance, you need to add them to the Cash Book balance to reconcile it with the Bank Statement.
- Thus, the correct answer is A: Added. This ensures that the Cash Book reflects all funds available in the bank.
- Since these deposits increase the actual bank balance, you need to add them to the Cash Book balance to reconcile it with the Bank Statement.
- Thus, the correct answer is A: Added. This ensures that the Cash Book reflects all funds available in the bank.
Most Upvoted Answer
When the balance as per Cash Book is the starting point, direct deposi...
When the balance as per cash book is the starting point direct deposited by customers are added. bcoz let , cash book and pass book are same e.g. rd 2000and the amount that is directly deposited by customer is rs1000 so it is added to pass book now pass book balance is rs3000 and the balance of cash book is rs2000 .now we have to balance both.acc. to cash book we have to add rs1000 . so we have to add .
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Community Answer
When the balance as per Cash Book is the starting point, direct deposi...
Explanation:
When the balance as per Cash Book is the starting point, direct deposits by customers are added to the Cash Book balance.
Reasoning:
The Cash Book is a record of all cash transactions, including both cash receipts and cash payments. The balance as per the Cash Book represents the total amount of cash available at a given point in time.
When customers make direct deposits, it means that they are depositing money directly into the company's bank account. These deposits increase the amount of cash available to the company and therefore need to be added to the Cash Book balance.
Example:
Let's say the balance as per the Cash Book is $1,000. If a customer makes a direct deposit of $500 into the company's bank account, this deposit needs to be added to the Cash Book balance. The new balance would be $1,000 + $500 = $1,500.
Conclusion:
In summary, when the balance as per Cash Book is the starting point, direct deposits by customers are added to the Cash Book balance. This is because these deposits increase the amount of cash available to the company.
When the balance as per Cash Book is the starting point, direct deposits by customers are added to the Cash Book balance.
Reasoning:
The Cash Book is a record of all cash transactions, including both cash receipts and cash payments. The balance as per the Cash Book represents the total amount of cash available at a given point in time.
When customers make direct deposits, it means that they are depositing money directly into the company's bank account. These deposits increase the amount of cash available to the company and therefore need to be added to the Cash Book balance.
Example:
Let's say the balance as per the Cash Book is $1,000. If a customer makes a direct deposit of $500 into the company's bank account, this deposit needs to be added to the Cash Book balance. The new balance would be $1,000 + $500 = $1,500.
Conclusion:
In summary, when the balance as per Cash Book is the starting point, direct deposits by customers are added to the Cash Book balance. This is because these deposits increase the amount of cash available to the company.
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When the balance as per Cash Book is the starting point, direct deposits by customers are.a)Addedb)Subtractedc)Not required to be adjustedd)None of theseCorrect answer is option 'A'. Can you explain this answer?
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When the balance as per Cash Book is the starting point, direct deposits by customers are.a)Addedb)Subtractedc)Not required to be adjustedd)None of theseCorrect answer is option 'A'. 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 When the balance as per Cash Book is the starting point, direct deposits by customers are.a)Addedb)Subtractedc)Not required to be adjustedd)None of theseCorrect answer is option 'A'. 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 When the balance as per Cash Book is the starting point, direct deposits by customers are.a)Addedb)Subtractedc)Not required to be adjustedd)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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