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Bank balance as per pass book is Rs. 20,000. Dividends of Rs. 1000 collected by bank but entered in the cash book as Rs. 100. The cash book bank balance is?
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Bank balance as per pass book is Rs. 20,000. Dividends of Rs. 1000 col...
Calculation of Cash Book Bank Balance
- Bank balance as per pass book = Rs. 20,000
- Dividends collected by bank = Rs. 1000
- Dividends entered in cash book = Rs. 100
Explanation
The bank balance as per pass book is the actual balance in the account. However, the cash book balance can differ from the pass book balance due to various reasons such as outstanding cheques, deposits in transit, bank charges, and errors in recording transactions.
In this case, the bank has collected dividends of Rs. 1000 but has entered only Rs. 100 in the cash book. This means that the cash book balance is lower than the actual bank balance.
Calculation of Cash Book Bank Balance
- Cash book bank balance = Bank balance as per pass book + Deposits not credited - Cheques not presented - Bank charges - Errors
- Deposits not credited = 0 (as no deposits were made)
- Cheques not presented = 0 (as all cheques have been presented)
- Bank charges = 0 (as no bank charges were incurred)
- Errors = Rs. 900 (the difference between the dividends collected and recorded in the cash book)
- Cash book bank balance = Rs. 20,000 + 0 - 0 - 0 - Rs. 900 = Rs. 19,100
Therefore, the cash book bank balance is Rs. 19,100.
Community Answer
Bank balance as per pass book is Rs. 20,000. Dividends of Rs. 1000 col...
19100
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Bank balance as per pass book is Rs. 20,000. Dividends of Rs. 1000 collected by bank but entered in the cash book as Rs. 100. The cash book bank balance is?
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