Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Bank Reconciliation Statement

Question:

Caluclate the balance as per passbook if the debit balance as per cash book is ₹15,000.

Other information-
Cheque deposited but not cleared is ₹1000.
Cheques issued but not presented is ₹1,500.
Bank interest is ₹200.

Options:

₹15,700

₹15,200

₹15,400

₹16,000

Correct Answer:

₹15,700

Explanation:

The correct answer is option 1- ₹15,700.

Balance as per cash book = ₹15,000
Less: Cheque deposited but not cleared is ₹1000.
Add: Cheques issued but not presented is ₹1,500
Add: Bank interest 200
    = (15,000 - 1,000 + 1,500 +200)
    = 15,700