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Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150. The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:
- a)Rs. 1,600
- b)Rs. 1,450
- c)Rs. 1,850
- d)Rs. 1,650
Correct answer is option 'D'. Can you explain this answer?
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Debit balance as per cash book of ABC Enterprises as on 31st March, 20...
To solve this question, we need to reconcile the cash book and the passbook of ABC Enterprises.
Let's break down the given information and reconcile the balances step by step.
1. Debit balance as per cash book: Rs. 1,500
This means that according to ABC Enterprises' cash book, there is an outstanding debit balance of Rs. 1,500.
2. Cheques deposited but not cleared: Rs. 100
These are the cheques that ABC Enterprises has deposited in the bank, but they have not yet been cleared. Therefore, this amount should be added to the cash book balance.
3. Cheques issued but not presented: Rs. 150
These are the cheques issued by ABC Enterprises but have not been presented to the bank for payment. Therefore, this amount should be deducted from the cash book balance.
4. Bank allowed interest: Rs. 50
This is the interest amount allowed by the bank and should be added to the passbook balance.
5. Bank collected dividend: Rs. 50
This is the dividend amount collected by the bank on behalf of ABC Enterprises and should be added to the passbook balance.
Now, let's reconcile the balances using the above information:
Cash book balance: Rs. 1,500
Add: Cheques deposited but not cleared (Rs. 100)
Deduct: Cheques issued but not presented (Rs. 150)
Adjusted cash book balance: Rs. 1,450
Passbook balance = Adjusted cash book balance + Bank allowed interest + Bank collected dividend
Passbook balance = Rs. 1,450 + Rs. 50 + Rs. 50
Passbook balance = Rs. 1,550
Therefore, the balance as per the passbook as on 31st March 2012 should be Rs. 1,550, which is option 'D'.
Let's break down the given information and reconcile the balances step by step.
1. Debit balance as per cash book: Rs. 1,500
This means that according to ABC Enterprises' cash book, there is an outstanding debit balance of Rs. 1,500.
2. Cheques deposited but not cleared: Rs. 100
These are the cheques that ABC Enterprises has deposited in the bank, but they have not yet been cleared. Therefore, this amount should be added to the cash book balance.
3. Cheques issued but not presented: Rs. 150
These are the cheques issued by ABC Enterprises but have not been presented to the bank for payment. Therefore, this amount should be deducted from the cash book balance.
4. Bank allowed interest: Rs. 50
This is the interest amount allowed by the bank and should be added to the passbook balance.
5. Bank collected dividend: Rs. 50
This is the dividend amount collected by the bank on behalf of ABC Enterprises and should be added to the passbook balance.
Now, let's reconcile the balances using the above information:
Cash book balance: Rs. 1,500
Add: Cheques deposited but not cleared (Rs. 100)
Deduct: Cheques issued but not presented (Rs. 150)
Adjusted cash book balance: Rs. 1,450
Passbook balance = Adjusted cash book balance + Bank allowed interest + Bank collected dividend
Passbook balance = Rs. 1,450 + Rs. 50 + Rs. 50
Passbook balance = Rs. 1,550
Therefore, the balance as per the passbook as on 31st March 2012 should be Rs. 1,550, which is option 'D'.
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Community Answer
Debit balance as per cash book of ABC Enterprises as on 31st March, 20...
The correct option is D
Rs 1650
Rs 1500 - Rs 100 + Rs 150 + Rs 50 + Rs 50 = Rs 1650
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Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150.The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:a)Rs. 1,600b)Rs. 1,450c)Rs. 1,850d)Rs. 1,650Correct answer is option 'D'. Can you explain this answer?
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Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150.The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:a)Rs. 1,600b)Rs. 1,450c)Rs. 1,850d)Rs. 1,650Correct 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 Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150.The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:a)Rs. 1,600b)Rs. 1,450c)Rs. 1,850d)Rs. 1,650Correct 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 Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150.The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:a)Rs. 1,600b)Rs. 1,450c)Rs. 1,850d)Rs. 1,650Correct answer is option 'D'. Can you explain this answer?.
Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150.The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:a)Rs. 1,600b)Rs. 1,450c)Rs. 1,850d)Rs. 1,650Correct 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 Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150.The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:a)Rs. 1,600b)Rs. 1,450c)Rs. 1,850d)Rs. 1,650Correct 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 Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150.The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:a)Rs. 1,600b)Rs. 1,450c)Rs. 1,850d)Rs. 1,650Correct answer is option 'D'. Can you explain this answer?.
Solutions for Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150.The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:a)Rs. 1,600b)Rs. 1,450c)Rs. 1,850d)Rs. 1,650Correct 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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Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150.The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:a)Rs. 1,600b)Rs. 1,450c)Rs. 1,850d)Rs. 1,650Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150.The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:a)Rs. 1,600b)Rs. 1,450c)Rs. 1,850d)Rs. 1,650Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150.The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:a)Rs. 1,600b)Rs. 1,450c)Rs. 1,850d)Rs. 1,650Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Debit balance as per cash book of ABC Enterprises as on 31st March, 2012 was Rs. 1,500. Cheques deposited but not cleared amount to Rs. 100. Cheques issued but not presented amount to Rs. 150.The bank allowed interest amounting to Rs. 50 and collected dividend Rs. 50 on behalf of ABC Enterprises. Balance as per Pass Book as on 31st March 2012, should be:a)Rs. 1,600b)Rs. 1,450c)Rs. 1,850d)Rs. 1,650Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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