Question

30) A business receives its bank statement showing the closing balance as Rs. 8,500 overdrawn. It is found that there were unpresented cheques amounting to Rs. 2,000 and uncredited deposits amounted to Rs. 1,500. Overdraft as per cash book is: *

Rs. 5,000

Rs. 8,000

Rs. 9,000

Rs. 12,000​

Answer 1

Given:

Closing Balance = Rs. 8500

Amount of cheques = Rs. 2000

Uncredited deposits = Rs. 1500

To Find:

Overdraft as per cash book

Solution:

According to Bank reconciliation statement -

Add - Closing Balance + Uncredited deposits

= 8500 + 1500

= 11,000

Now,

Subtract = Total Balance - Cheque Amount

= 11,000 - 2,000

= 9,000

Answer: Overdraft as per cash book is Rs. 9000

Answer 2

Answer:

Overdraft balance as per pass book = 8500

cheque issued but not presented = 2000

cheque deposited but not credited = 1500

overdraft balance as per cash book = 8500 +2000 -1500

= 9000