Question

From the following details ascertain the adjusted bank balance as per Cash Book -
overdraft as per Cash Book `1,60,000; cheque received entered twice in the Cash Book
10,000; credit side of bank column cash short by 1,000; bank charges amounting to
entered twice:
(A) 1,61,000
(B) 1,71,000
(C) 1,70,000
· 1,70,600
Bank Reconciliation​

Answer 1

Answer:

The adjusted bank balance as per the cash book is Rs. 156,600.

Explanation:

From the above question,

They have given :

Adjusted Bank Balance = Overdraft as per Cash Book - Cheque Received (entered twice) - Credit side of Bank Column (Cash Short by 1000) - Bank Charges (entered twice)

Step 1: Calculate the overdraft as per the cash book.

Overdraft as per Cash Book = 160000

Step 2: Calculate the cheque received entered twice in the cash book.

Cheque Received (entered twice) = 10000

Step 3: Calculate the credit side of the bank column cash short by 1000

Credit side of Bank Column (Cash Short by 1000) = 1000

Step 4: Calculate the bank charges entered twice

Bank Charges (entered twice) = 400 + 400 = 800

Step 5: Calculate the adjusted bank balance as per the cash book.

Adjusted Bank Balance = Overdraft as per Cash Book - Cheque Received (entered twice) - Credit side of Bank Column (Cash Short by 1000) - Bank Charges (entered twice)

= 160000 - 10000 - 1000 - 400 - 400

= 156,600

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