CA Foundation Exam > CA Foundation Questions > When the balance as per cash book is the star...
Start Learning for Free
When the balance as per cash book is the starting point, direct deposits by customers are :
- a)Added
- b)Subtracted
- c)Not required to be adjusted
- d)Neither of the two
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
When the balance as per cash book is the starting point, direct deposi...
Explanation:
Therefore, option 'B' - subtracted, is the correct answer.
- Direct deposits by customers mean that money has been deposited directly into the bank account of the business by the customers.
- When the balance as per cash book is the starting point, it means that the balance of the cash book is taken as the starting point for reconciling the bank statement.
- When direct deposits are made by customers, they do not reflect in the cash book immediately.
- Therefore, if direct deposits are not adjusted in the cash book, it will result in a difference between the balance as per cash book and balance as per bank statement.
- To reconcile this difference, the direct deposits made by customers need to be subtracted from the balance as per cash book.
- This will give the correct balance of cash in hand at the end of the accounting period.
Therefore, option 'B' - subtracted, is the correct answer.
Free Test
FREE
| Start Free Test |
Community Answer
When the balance as per cash book is the starting point, direct deposi...
Well I think option A is correct kyuki bal as per cash book starting point hai so to match it with pass book we will add direct deposit by customers.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two Correct answer is option 'B'. Can you explain this answer?
Question Description
When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two Correct answer is option 'B'. Can you explain this answer?.
When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two Correct answer is option 'B'. Can you explain this answer?.
Solutions for When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two 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 When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two Correct answer is option 'B'. Can you explain this answer?, a detailed solution for When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice When the balance as per cash book is the starting point, direct deposits by customers are :a) Added b) Subtracted c) Not required to be adjusted d) Neither of the two Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup