Accountancy, asked by roshinidevarajrose28, 8 months ago

3.25
A customer of the firm, who received a cash discount of 4% on his account of 4,00,000 paid the firm a cheque
on 12th June. The cashier erroneously entered the gross amount in the bank column of the Cash Book. explain with explanation how it appear in BRS

Answers

Answered by sushant6166

Explanation:

Rim Zim Ltd. maintains a current account with the State Bank of India. On 31st March, 2017, the bank column of its cash book showed a debit balance of ₹ 1,54,300. However, the bank statement showed a different balance as on that date. The following were the reasons for the difference :

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