CA Foundation · Accounting · Bank Reconciliation Statement
The pass book of Kapoor Traders shows a favourable balance of ₹40,000. Cheques of ₹9,000 were issued but not yet presented, and cheques of ₹6,000 were deposited but not yet credited by the bank. What is the balance as per the cash book?
The cash book balance is ₹37,000 (debit). Starting from the pass book balance of ₹40,000, add the deposited cheques not yet credited, ₹6,000, and deduct the issued cheques not yet presented, ₹9,000. The result is ₹37,000.
- A₹37,000Correct
- B₹43,000
- C₹55,000
- D₹25,000
Explanation
Start with the favourable pass book balance of ₹40,000. Add the cheques deposited but not yet credited (₹6,000) and deduct the cheques issued but not presented (₹9,000): 40,000 + 6,000 − 9,000 = ₹37,000. The option ₹43,000 arises from reversing both adjustments.
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