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The cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the pass book,made up tothe same date showed that cheques of Rs. 200, Rs. 150 and Rs. 175 respectively had not been presented for payments; and the cheque of Rs. 600 paid into account had not been cleared. The balance as per the pass book will be
- a)Rs. 2,150
- b)Rs. 2,175
- c)Rs. 1,475
- d)Rs. 2,075
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
The cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the...
Cash book = 2000 Cheque not been present cash book( +) beacause overdraft isliye(-)200+150+175=1475600 paid cash book less karte hain lekin overdraft hain isliye add karna padta hain to
2000-(200+150+175)+600=2075
2000-(200+150+175)+600=2075
Most Upvoted Answer
The cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the...
To understand why the balance as per the pass book will be Rs. 2,075, we need to analyze the given information and reconcile the cash book with the pass book.
Given Information:
- Cashbook shows an overdraft of Rs. 2,000 as cash at bank.
- The passbook shows that cheques of Rs. 200, Rs. 150, and Rs. 175 respectively had not been presented for payments.
- The passbook also shows that the cheque of Rs. 600 paid into the account had not been cleared.
Reconciling the Cashbook and Passbook:
1. Overdraft in the Cashbook:
- The cashbook shows an overdraft of Rs. 2,000, which means the bank balance is negative.
- This means that the bank has recorded the account holder's liability of Rs. 2,000 as a negative balance.
2. Unpresented Cheques:
- The passbook shows that cheques of Rs. 200, Rs. 150, and Rs. 175 respectively had not been presented for payments.
- These cheques are already recorded in the cashbook as payments, but they have not yet been cleared by the bank.
- Therefore, these amounts need to be deducted from the cashbook balance to reconcile it with the passbook.
Deduct:
- Rs. 200 (unpresented cheque)
- Rs. 150 (unpresented cheque)
- Rs. 175 (unpresented cheque)
Total deduction: Rs. 525
3. Uncleared Cheque:
- The passbook shows that a cheque of Rs. 600 paid into the account has not been cleared.
- This means that the amount is already recorded in the cashbook as a deposit, but it has not yet been credited by the bank.
- Therefore, this amount needs to be added to the cashbook balance to reconcile it with the passbook.
Add: Rs. 600 (uncleared cheque)
Reconciling the Cashbook Balance:
- Cashbook balance (overdraft): Rs. 2,000
- Deduction for unpresented cheques: Rs. 525
- Addition for uncleared cheque: Rs. 600
Final Cashbook Balance: Rs. (2,000 - 525 + 600) = Rs. 2,075
Therefore, the balance as per the passbook will be Rs. 2,075 (Option D).
Given Information:
- Cashbook shows an overdraft of Rs. 2,000 as cash at bank.
- The passbook shows that cheques of Rs. 200, Rs. 150, and Rs. 175 respectively had not been presented for payments.
- The passbook also shows that the cheque of Rs. 600 paid into the account had not been cleared.
Reconciling the Cashbook and Passbook:
1. Overdraft in the Cashbook:
- The cashbook shows an overdraft of Rs. 2,000, which means the bank balance is negative.
- This means that the bank has recorded the account holder's liability of Rs. 2,000 as a negative balance.
2. Unpresented Cheques:
- The passbook shows that cheques of Rs. 200, Rs. 150, and Rs. 175 respectively had not been presented for payments.
- These cheques are already recorded in the cashbook as payments, but they have not yet been cleared by the bank.
- Therefore, these amounts need to be deducted from the cashbook balance to reconcile it with the passbook.
Deduct:
- Rs. 200 (unpresented cheque)
- Rs. 150 (unpresented cheque)
- Rs. 175 (unpresented cheque)
Total deduction: Rs. 525
3. Uncleared Cheque:
- The passbook shows that a cheque of Rs. 600 paid into the account has not been cleared.
- This means that the amount is already recorded in the cashbook as a deposit, but it has not yet been credited by the bank.
- Therefore, this amount needs to be added to the cashbook balance to reconcile it with the passbook.
Add: Rs. 600 (uncleared cheque)
Reconciling the Cashbook Balance:
- Cashbook balance (overdraft): Rs. 2,000
- Deduction for unpresented cheques: Rs. 525
- Addition for uncleared cheque: Rs. 600
Final Cashbook Balance: Rs. (2,000 - 525 + 600) = Rs. 2,075
Therefore, the balance as per the passbook will be Rs. 2,075 (Option D).
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The cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the...
Cash book = 2000 Cheque not been present cash book( +) beacause overdraft isliye(-)200+150+175=1475600 paid cash book less karte hain lekin overdraft hain isliye add karna padta hain to
2000-(200+150+175)+600=2075
2000-(200+150+175)+600=2075
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The cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the pass book,made up tothe same date showed that cheques of Rs. 200, Rs. 150 and Rs. 175 respectively had not been presented for payments; and the cheque of Rs. 600 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 2,150b)Rs. 2,175c)Rs. 1,475d)Rs. 2,075Correct answer is option 'D'. Can you explain this answer?
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The cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the pass book,made up tothe same date showed that cheques of Rs. 200, Rs. 150 and Rs. 175 respectively had not been presented for payments; and the cheque of Rs. 600 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 2,150b)Rs. 2,175c)Rs. 1,475d)Rs. 2,075Correct answer is option 'D'. 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 cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the pass book,made up tothe same date showed that cheques of Rs. 200, Rs. 150 and Rs. 175 respectively had not been presented for payments; and the cheque of Rs. 600 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 2,150b)Rs. 2,175c)Rs. 1,475d)Rs. 2,075Correct answer is option 'D'. 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 cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the pass book,made up tothe same date showed that cheques of Rs. 200, Rs. 150 and Rs. 175 respectively had not been presented for payments; and the cheque of Rs. 600 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 2,150b)Rs. 2,175c)Rs. 1,475d)Rs. 2,075Correct answer is option 'D'. Can you explain this answer?.
The cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the pass book,made up tothe same date showed that cheques of Rs. 200, Rs. 150 and Rs. 175 respectively had not been presented for payments; and the cheque of Rs. 600 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 2,150b)Rs. 2,175c)Rs. 1,475d)Rs. 2,075Correct answer is option 'D'. 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 cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the pass book,made up tothe same date showed that cheques of Rs. 200, Rs. 150 and Rs. 175 respectively had not been presented for payments; and the cheque of Rs. 600 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 2,150b)Rs. 2,175c)Rs. 1,475d)Rs. 2,075Correct answer is option 'D'. 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 cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the pass book,made up tothe same date showed that cheques of Rs. 200, Rs. 150 and Rs. 175 respectively had not been presented for payments; and the cheque of Rs. 600 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 2,150b)Rs. 2,175c)Rs. 1,475d)Rs. 2,075Correct answer is option 'D'. Can you explain this answer?.
Solutions for The cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the pass book,made up tothe same date showed that cheques of Rs. 200, Rs. 150 and Rs. 175 respectively had not been presented for payments; and the cheque of Rs. 600 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 2,150b)Rs. 2,175c)Rs. 1,475d)Rs. 2,075Correct 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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ample number of questions to practice The cashbook showed an overdraft of Rs. 2,000 as cash at bank, but the pass book,made up tothe same date showed that cheques of Rs. 200, Rs. 150 and Rs. 175 respectively had not been presented for payments; and the cheque of Rs. 600 paid into account had not been cleared. The balance as per the pass book will bea)Rs. 2,150b)Rs. 2,175c)Rs. 1,475d)Rs. 2,075Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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