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Sigma limited received its bank statement showing a favorable balance of Rs. 11,050 for the period ended June 30, this did not agree with the balance in the cash book. An examination of the cash book and the bank statement disclosed the following points:
A standing order for payment of annual subscription amounting to Rs. 20 had not been entered in the cash book.
One june 25th the managing director had given the cashier a cheque of Rs. 200 to pay into his personal account at the bank. The cashier had paid it into the company’s account by mistake
Cheques amounting to Rs. 9,344 had not been presented to the bank for payment until after June 30.
The balance as per cash book on June 30 is-
  • a)
    Rs. 1,926 (+)
  • b)
    Rs. 1,526 (+)
  • c)
    Rs. 1,486 (+)
  • d)
    Rs. 20,614 (+)
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Sigma limited received its bank statement showing a favorable balance ...


Calculation of Correct Cash Book Balance

- Starting Cash Book Balance: Rs. 11,050
- Add: Annual subscription payment not entered: Rs. 20
- Add: Cheque mistakenly deposited: Rs. 200
- Less: Cheques not presented to the bank: Rs. 9,344

Correct Cash Book Balance = 11,050 + 20 + 200 - 9,344 = Rs. 1,926

Therefore, the correct cash book balance on June 30 is Rs. 1,926. This means that option 'a' is the correct answer.
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Community Answer
Sigma limited received its bank statement showing a favorable balance ...
Favourable balance as per pass book=₹11050
(+)annual subscription had not been
centered in the C.B. =₹20
(-)cheque wrongly pain into
comoany's account. =₹200
(-) cheques had not been
presented for payment. =₹9344

=₹1526
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Sigma limited received its bank statement showing a favorable balance of Rs. 11,050 for the period ended June 30, this did not agree with the balance in the cash book. An examination of the cash book and the bank statement disclosed the following points:A standing order for payment of annual subscription amounting to Rs. 20 had not been entered in the cash book.One june 25th the managing director had given the cashier a cheque of Rs. 200 to pay into his personal account at the bank. The cashier had paid it into the company’s account by mistakeCheques amounting to Rs. 9,344 had not been presented to the bank for payment until after June 30.The balance as per cash book on June 30 is-a) Rs. 1,926 (+) b) Rs. 1,526 (+) c) Rs. 1,486 (+) d) Rs. 20,614 (+) Correct answer is option 'B'. Can you explain this answer?
Question Description
Sigma limited received its bank statement showing a favorable balance of Rs. 11,050 for the period ended June 30, this did not agree with the balance in the cash book. An examination of the cash book and the bank statement disclosed the following points:A standing order for payment of annual subscription amounting to Rs. 20 had not been entered in the cash book.One june 25th the managing director had given the cashier a cheque of Rs. 200 to pay into his personal account at the bank. The cashier had paid it into the company’s account by mistakeCheques amounting to Rs. 9,344 had not been presented to the bank for payment until after June 30.The balance as per cash book on June 30 is-a) Rs. 1,926 (+) b) Rs. 1,526 (+) c) Rs. 1,486 (+) d) Rs. 20,614 (+) Correct 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 Sigma limited received its bank statement showing a favorable balance of Rs. 11,050 for the period ended June 30, this did not agree with the balance in the cash book. An examination of the cash book and the bank statement disclosed the following points:A standing order for payment of annual subscription amounting to Rs. 20 had not been entered in the cash book.One june 25th the managing director had given the cashier a cheque of Rs. 200 to pay into his personal account at the bank. The cashier had paid it into the company’s account by mistakeCheques amounting to Rs. 9,344 had not been presented to the bank for payment until after June 30.The balance as per cash book on June 30 is-a) Rs. 1,926 (+) b) Rs. 1,526 (+) c) Rs. 1,486 (+) d) Rs. 20,614 (+) Correct 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 Sigma limited received its bank statement showing a favorable balance of Rs. 11,050 for the period ended June 30, this did not agree with the balance in the cash book. An examination of the cash book and the bank statement disclosed the following points:A standing order for payment of annual subscription amounting to Rs. 20 had not been entered in the cash book.One june 25th the managing director had given the cashier a cheque of Rs. 200 to pay into his personal account at the bank. The cashier had paid it into the company’s account by mistakeCheques amounting to Rs. 9,344 had not been presented to the bank for payment until after June 30.The balance as per cash book on June 30 is-a) Rs. 1,926 (+) b) Rs. 1,526 (+) c) Rs. 1,486 (+) d) Rs. 20,614 (+) Correct answer is option 'B'. Can you explain this answer?.
Solutions for Sigma limited received its bank statement showing a favorable balance of Rs. 11,050 for the period ended June 30, this did not agree with the balance in the cash book. An examination of the cash book and the bank statement disclosed the following points:A standing order for payment of annual subscription amounting to Rs. 20 had not been entered in the cash book.One june 25th the managing director had given the cashier a cheque of Rs. 200 to pay into his personal account at the bank. The cashier had paid it into the company’s account by mistakeCheques amounting to Rs. 9,344 had not been presented to the bank for payment until after June 30.The balance as per cash book on June 30 is-a) Rs. 1,926 (+) b) Rs. 1,526 (+) c) Rs. 1,486 (+) d) Rs. 20,614 (+) Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Sigma limited received its bank statement showing a favorable balance of Rs. 11,050 for the period ended June 30, this did not agree with the balance in the cash book. An examination of the cash book and the bank statement disclosed the following points:A standing order for payment of annual subscription amounting to Rs. 20 had not been entered in the cash book.One june 25th the managing director had given the cashier a cheque of Rs. 200 to pay into his personal account at the bank. The cashier had paid it into the company’s account by mistakeCheques amounting to Rs. 9,344 had not been presented to the bank for payment until after June 30.The balance as per cash book on June 30 is-a) Rs. 1,926 (+) b) Rs. 1,526 (+) c) Rs. 1,486 (+) d) Rs. 20,614 (+) Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Sigma limited received its bank statement showing a favorable balance of Rs. 11,050 for the period ended June 30, this did not agree with the balance in the cash book. An examination of the cash book and the bank statement disclosed the following points:A standing order for payment of annual subscription amounting to Rs. 20 had not been entered in the cash book.One june 25th the managing director had given the cashier a cheque of Rs. 200 to pay into his personal account at the bank. The cashier had paid it into the company’s account by mistakeCheques amounting to Rs. 9,344 had not been presented to the bank for payment until after June 30.The balance as per cash book on June 30 is-a) Rs. 1,926 (+) b) Rs. 1,526 (+) c) Rs. 1,486 (+) d) Rs. 20,614 (+) Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Sigma limited received its bank statement showing a favorable balance of Rs. 11,050 for the period ended June 30, this did not agree with the balance in the cash book. An examination of the cash book and the bank statement disclosed the following points:A standing order for payment of annual subscription amounting to Rs. 20 had not been entered in the cash book.One june 25th the managing director had given the cashier a cheque of Rs. 200 to pay into his personal account at the bank. The cashier had paid it into the company’s account by mistakeCheques amounting to Rs. 9,344 had not been presented to the bank for payment until after June 30.The balance as per cash book on June 30 is-a) Rs. 1,926 (+) b) Rs. 1,526 (+) c) Rs. 1,486 (+) d) Rs. 20,614 (+) Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Sigma limited received its bank statement showing a favorable balance of Rs. 11,050 for the period ended June 30, this did not agree with the balance in the cash book. An examination of the cash book and the bank statement disclosed the following points:A standing order for payment of annual subscription amounting to Rs. 20 had not been entered in the cash book.One june 25th the managing director had given the cashier a cheque of Rs. 200 to pay into his personal account at the bank. The cashier had paid it into the company’s account by mistakeCheques amounting to Rs. 9,344 had not been presented to the bank for payment until after June 30.The balance as per cash book on June 30 is-a) Rs. 1,926 (+) b) Rs. 1,526 (+) c) Rs. 1,486 (+) d) Rs. 20,614 (+) Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Sigma limited received its bank statement showing a favorable balance of Rs. 11,050 for the period ended June 30, this did not agree with the balance in the cash book. An examination of the cash book and the bank statement disclosed the following points:A standing order for payment of annual subscription amounting to Rs. 20 had not been entered in the cash book.One june 25th the managing director had given the cashier a cheque of Rs. 200 to pay into his personal account at the bank. The cashier had paid it into the company’s account by mistakeCheques amounting to Rs. 9,344 had not been presented to the bank for payment until after June 30.The balance as per cash book on June 30 is-a) Rs. 1,926 (+) b) Rs. 1,526 (+) c) Rs. 1,486 (+) d) Rs. 20,614 (+) Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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