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CMA Foundation · Fundamentals of Financial and Cost Accounting · Cash Book, Bank Book, Petty Cash Book, Bank Reconciliation Statement

Mehta Traders' cash book shows a bank balance of ₹52,000 (Dr). Cheques of ₹8,000 issued to suppliers have not yet been presented, and cheques of ₹5,000 deposited have not yet been credited by the bank. No other differences exist. What is the balance as per the pass book?

The pass book balance is ₹55,000. Add unpresented issued cheques of ₹8,000 to the cash book balance of ₹52,000, then deduct deposited cheques of ₹5,000 not yet credited by the bank.

  1. A₹55,000Correct
  2. B₹49,000
  3. C₹59,000
  4. D₹45,000

Explanation

Start from the cash book balance of ₹52,000. Add the unpresented cheques of ₹8,000, because the bank has not yet deducted them: 60,000. Deduct the uncredited deposits of ₹5,000, because the bank has not yet added them: 55,000. The ₹49,000 option reverses the signs.

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