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Bank overdraft as per Cash Book on 31st May, 2011 was Rs. 8,720. Cheques deposited on 28th May but not credited until 31st May amounted to Rs. 690. These were credited on 4th June, 2011. Bank overdraft as per Pass Book is ________
  • a)
    Rs. 8,054
  • b)
    Rs. 8,030
  • c)
    Rs. 9,410
  • d)
    Rs. 9,366
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Bank overdraft as per Cash Book on 31st May, 2011 was Rs. 8,720. Chequ...
Calculation of Bank Overdraft as per Pass Book:

Step 1: Bank overdraft as per Cash Book on 31st May, 2011 = Rs. 8,720
Step 2: Cheques deposited on 28th May but not credited until 31st May = Rs. 690
Step 3: Add Step 1 and Step 2 = Rs. 9,410
Step 4: Cheques credited on 4th June, 2011 are not considered in Cash Book as on 31st May, 2011
Step 5: Deduct the amount of cheques credited on 4th June from Step 3 = Rs. 9,410 - Rs. 690 = Rs. 8,720

Therefore, the Bank overdraft as per Pass Book is Rs. 9,410.
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Community Answer
Bank overdraft as per Cash Book on 31st May, 2011 was Rs. 8,720. Chequ...
We are going through bank overdraft of cash book
cheque deposited on 28th may and closing date is 31st may. this cheque cleared next month 4th june but we have to focus on closing date which is 31st may.
bank overdraft means liability we have to add 690 which is not cleared till 31 may 2011
correct answer is
8720+690=9410
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Bank overdraft as per Cash Book on 31st May, 2011 was Rs. 8,720. Cheques deposited on 28th May but not credited until 31st May amounted to Rs. 690. These were credited on 4th June, 2011. Bank overdraft as per Pass Book is ________a)Rs. 8,054b)Rs. 8,030c)Rs. 9,410d)Rs. 9,366Correct answer is option 'C'. Can you explain this answer?
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Bank overdraft as per Cash Book on 31st May, 2011 was Rs. 8,720. Cheques deposited on 28th May but not credited until 31st May amounted to Rs. 690. These were credited on 4th June, 2011. Bank overdraft as per Pass Book is ________a)Rs. 8,054b)Rs. 8,030c)Rs. 9,410d)Rs. 9,366Correct 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 Bank overdraft as per Cash Book on 31st May, 2011 was Rs. 8,720. Cheques deposited on 28th May but not credited until 31st May amounted to Rs. 690. These were credited on 4th June, 2011. Bank overdraft as per Pass Book is ________a)Rs. 8,054b)Rs. 8,030c)Rs. 9,410d)Rs. 9,366Correct 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 Bank overdraft as per Cash Book on 31st May, 2011 was Rs. 8,720. Cheques deposited on 28th May but not credited until 31st May amounted to Rs. 690. These were credited on 4th June, 2011. Bank overdraft as per Pass Book is ________a)Rs. 8,054b)Rs. 8,030c)Rs. 9,410d)Rs. 9,366Correct answer is option 'C'. Can you explain this answer?.
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