If we take balance as per Pass book which of the following will be deducted to get balance as per cash book :
  • a)
    Interest given by bank
  • b)
    Interest charged by Bank
  • c)
    Cheque deposited but not cleared
  • d)
    payment made by bank under standing instructions
Correct answer is option 'A'. Can you explain this answer?

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Answers

Dimple Choudhary
Jul 18, 2019
Interest given by bank will be credited in our passbook. So it means that are bank balance has increased in the pass book. In BRS we always do what has not been done or we reverse the one which is wrongly done .Here interest is credited so now we will debit it. It means that before our account was increased by certain amount so now we will decrease it.

Interest given by bank will be credited in our passbook. So it means that are bank balance has increased in the pass book. In BRS we always do what has not been done or we reverse the one which is wrongly done .Here interest is credited so now we will debit it. It means that before our account was increased by certain amount so now we will decrease it.
Interest given by bank will be credited in our passbook. So it means that are bank balance has increased in the pass book. In BRS we always do what has not been done or we reverse the one which is wrongly done .Here interest is credited so now we will debit it. It means that before our account was increased by certain amount so now we will decrease it.