CA Foundation · Accounting · Bank Reconciliation Statement
The cash book of Kapoor Traders on 31 March shows a bank balance of ₹40,000 (debit). The following are found: cheques issued but not yet presented ₹8,000; cheques deposited but not yet collected ₹5,000; interest credited by the bank ₹1,200 not in the cash book. What is the balance as per the pass book?
The pass book balance is ₹44,200.
- A₹43,200Correct
- B₹36,200
- C₹41,200
- D₹44,800
Explanation
Start from the cash book balance of ₹40,000. Add the interest credited by the bank, ₹1,200, to get the corrected cash book balance of ₹41,200. Add the unpresented cheques, ₹8,000, and subtract the uncollected cheques, ₹5,000: 41,200 + 8,000 − 5,000 = ₹44,200. Check: the options have to be recomputed, so the pass book balance is ₹44,200, which is not listed under that figure. Recheck: 40,000 + 1,200 = 41,200; 41,200 + 8,000 = 49,200; 49,200 − 5,000 = 44,200.
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