CSEET · Fundamentals of Accounting · Bank Reconciliation Statement
On 31 March, the cash book of Sharma Traders shows a bank balance of ₹48,000 (debit). Cheques of ₹6,000 issued to suppliers have not yet been presented, and cheques of ₹9,000 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 ₹45,000. Starting from the cash book balance of ₹48,000, add ₹6,000 of unpresented cheques and deduct ₹9,000 of cheques not yet credited by the bank, giving ₹45,000.
- A₹51,000Correct
- B₹45,000
- C₹63,000
- D₹33,000
Explanation
Start with cash book balance ₹48,000. Add the cheques issued but not presented (₹6,000) because the bank has not yet deducted them: 54,000. Deduct cheques deposited but not credited (₹9,000) because the bank has not yet added them: 45,000. Check: pass book 45,000 + 9,000 - 6,000 = 48,000, which matches... so the correct pass book balance is ₹45,000.
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