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The balance as per Cash Book (overdraft ) is 1,500. Cheques for Rs. 400 were deposited but were not collected. The cheques issued but not presented were Rs. 100, Rs. 125, Rs. 50. Balance as per Pass Book is :
- a)Rs. 1,100
- b)Rs. 1,625
- c)Rs. 12,000
- d)Rs. 1,375
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
The balance as per Cash Book (overdraft ) is 1,500. Cheques for Rs. 40...
Correct Answer :- b
Explanation : Balance as per Cash Book = 1500
Cheque deposited = 400
Cheque issues were = 100 + 125 + 50
= 275
Balance as per Pass book = 1500 + 400 - 275
= 1625
Most Upvoted Answer
The balance as per Cash Book (overdraft ) is 1,500. Cheques for Rs. 40...
Overdraft balance as per cash book. 1500 Cr.
cheque deposited but collected. 400 Cr.
cheque issue but not presented for payment. 275 Dr.
Balance as per pass book. 1625Dr.
cheque deposited but collected. 400 Cr.
cheque issue but not presented for payment. 275 Dr.
Balance as per pass book. 1625Dr.
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Community Answer
The balance as per Cash Book (overdraft ) is 1,500. Cheques for Rs. 40...
Explanation:
The given information states that the balance as per the Cash Book is an overdraft of Rs. 1,500. Let's break down the information step by step to find the balance as per the Pass Book.
Step 1: Adjusting the deposits not collected
- Cheques worth Rs. 400 were deposited but not yet collected. This means that the amount of Rs. 400 should be added to the Cash Book balance.
- After adjusting the deposits not collected, the new Cash Book balance would be: 1,500 + 400 = Rs. 1,900.
Step 2: Adjusting the cheques issued but not presented
- Cheques worth Rs. 100, Rs. 125, and Rs. 50 were issued but not yet presented. This means that these amounts should be subtracted from the Cash Book balance.
- Subtracting these amounts from the adjusted Cash Book balance: 1,900 - (100 + 125 + 50) = Rs. 1,625.
Step 3: Comparing the balance with the Pass Book
- The balance as per the Pass Book is given as Rs. 1,625.
Therefore, the correct answer is option 'B' - Rs. 1,625.
Summary:
- The initial Cash Book balance is an overdraft of Rs. 1,500.
- Deposits of Rs. 400 were not collected, so they are added to the Cash Book balance.
- Cheques of Rs. 100, Rs. 125, and Rs. 50 were issued but not presented, so they are subtracted from the Cash Book balance.
- After adjusting for the deposits and cheques, the new Cash Book balance is Rs. 1,625, which matches the balance as per the Pass Book.
The given information states that the balance as per the Cash Book is an overdraft of Rs. 1,500. Let's break down the information step by step to find the balance as per the Pass Book.
Step 1: Adjusting the deposits not collected
- Cheques worth Rs. 400 were deposited but not yet collected. This means that the amount of Rs. 400 should be added to the Cash Book balance.
- After adjusting the deposits not collected, the new Cash Book balance would be: 1,500 + 400 = Rs. 1,900.
Step 2: Adjusting the cheques issued but not presented
- Cheques worth Rs. 100, Rs. 125, and Rs. 50 were issued but not yet presented. This means that these amounts should be subtracted from the Cash Book balance.
- Subtracting these amounts from the adjusted Cash Book balance: 1,900 - (100 + 125 + 50) = Rs. 1,625.
Step 3: Comparing the balance with the Pass Book
- The balance as per the Pass Book is given as Rs. 1,625.
Therefore, the correct answer is option 'B' - Rs. 1,625.
Summary:
- The initial Cash Book balance is an overdraft of Rs. 1,500.
- Deposits of Rs. 400 were not collected, so they are added to the Cash Book balance.
- Cheques of Rs. 100, Rs. 125, and Rs. 50 were issued but not presented, so they are subtracted from the Cash Book balance.
- After adjusting for the deposits and cheques, the new Cash Book balance is Rs. 1,625, which matches the balance as per the Pass Book.
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The balance as per Cash Book (overdraft ) is 1,500. Cheques for Rs. 400 were deposited but were not collected. The cheques issued but not presented were Rs. 100, Rs. 125, Rs. 50. Balance as per Pass Book is :a)Rs. 1,100b)Rs. 1,625c)Rs. 12,000d)Rs. 1,375Correct answer is option 'B'. Can you explain this answer?
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The balance as per Cash Book (overdraft ) is 1,500. Cheques for Rs. 400 were deposited but were not collected. The cheques issued but not presented were Rs. 100, Rs. 125, Rs. 50. Balance as per Pass Book is :a)Rs. 1,100b)Rs. 1,625c)Rs. 12,000d)Rs. 1,375Correct answer is option 'B'. 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 The balance as per Cash Book (overdraft ) is 1,500. Cheques for Rs. 400 were deposited but were not collected. The cheques issued but not presented were Rs. 100, Rs. 125, Rs. 50. Balance as per Pass Book is :a)Rs. 1,100b)Rs. 1,625c)Rs. 12,000d)Rs. 1,375Correct answer is option 'B'. 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 The balance as per Cash Book (overdraft ) is 1,500. Cheques for Rs. 400 were deposited but were not collected. The cheques issued but not presented were Rs. 100, Rs. 125, Rs. 50. Balance as per Pass Book is :a)Rs. 1,100b)Rs. 1,625c)Rs. 12,000d)Rs. 1,375Correct answer is option 'B'. Can you explain this answer?.
The balance as per Cash Book (overdraft ) is 1,500. Cheques for Rs. 400 were deposited but were not collected. The cheques issued but not presented were Rs. 100, Rs. 125, Rs. 50. Balance as per Pass Book is :a)Rs. 1,100b)Rs. 1,625c)Rs. 12,000d)Rs. 1,375Correct answer is option 'B'. 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 The balance as per Cash Book (overdraft ) is 1,500. Cheques for Rs. 400 were deposited but were not collected. The cheques issued but not presented were Rs. 100, Rs. 125, Rs. 50. Balance as per Pass Book is :a)Rs. 1,100b)Rs. 1,625c)Rs. 12,000d)Rs. 1,375Correct answer is option 'B'. 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 The balance as per Cash Book (overdraft ) is 1,500. Cheques for Rs. 400 were deposited but were not collected. The cheques issued but not presented were Rs. 100, Rs. 125, Rs. 50. Balance as per Pass Book is :a)Rs. 1,100b)Rs. 1,625c)Rs. 12,000d)Rs. 1,375Correct answer is option 'B'. Can you explain this answer?.
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