Question

1. The bank column of a cash book showed a debit balance of 49000 on June 30, 2015. Entries in the cash book and the pass book were compared and the following differences were noticed:
a) Cheques of Shyam 9000 and of Mohan 15000 were deposited but were not collected upto June 30, 2015.
b) Ramesh, a creditor, deposited a cheque of 8000 directly into the bank.
c) Bank allowed an interest of 500
d) Cheque for 10000 issued to Radhey Shyam was not presented for payment.
e) Bank debited the account by 6000 being insurance premium
f) Bank debited the account by 100, being bank charges.

Answer 1

Answer:

Explanation: particulars              + amt       - amt

balance as per cash book             49,000

less: cheque deposited but not collected        24,000              

add: bank allowed interest                500                    

add: cheque deposited in bank       8000

add: cheque issued but not presented  10,000

less: bank charges                                                   100                                                          

less: insurance premium paid by bank                6000                          

balance as per pass book                               37,400                      

                                                        67,500        67,500