Match List – I with List – II.
|
LIST I |
LIST II |
|
A. Unfavourable bank balance |
I. Add in Balance as per cash book |
|
B. Favourable bank balance |
II. Deduct from balance as per cash book |
|
C. Bank charges of ₹400 |
III. Credit balance in passbook |
|
D. Bank directly collected dividend of ₹8,000 |
IV. Debit balance in the cash book |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 3
The correct answer is option 3- A-III, B-IV, C-II, D-I.
|
LIST I |
LIST II |
|
A. Unfavourable bank balance |
III. Credit balance in passbook |
|
B. Favourable bank balance |
IV. Debit balance in the cash book |
|
C. Bank charges of ₹400 |
II. Deduct from balance as per cash book |
|
D. Bank directly collected dividend of ₹8,000 |
I. Add in Balance as per cash book |
* Unfavourable bank balance- Credit balance in passbook. An unfavorable bank balance typically refers to a situation where the balance shown in the bank passbook (bank statement) is a credit balance.
* Favourable bank balance- Debit balance in the cash book. A favorable bank balance refers to a situation where the balance shown in the cash book (company's records) is a debit balance.
* Bank charges of ₹400- Deduct from balance as per cash book. It is deducted from the balance of cash book as bank has already deduct this amount.
* Bank directly collected dividend of ₹8,000- Add in Balance as per cash book. It is added in the balance of cash book as bank has already added this amount.