From the following particulars ascertain the passbook balance of Seenu has on 31.12.993
A. Bank overdraft as per cash book RS 16000 340
B. Interest on overdraft debited in passbook Rs 1000
C. Bank charges debited in passbook only RS 60
D. Cheques issued but not cashed UP to 31. 12. 1993 Rs 1500
E. Interest on Investments recorded in passbook only RS 1000
F. Cheques paid into bank but not clear before 31.12..1993
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the acounting entries for provision for the doubtful debts in the current year
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Bank overdraft is usually a negative balance.
On the off chance, there is interest charged on overdraft, at that point it will dependably charged.
This implies loan and more loan.
So, here we will go this way.
As a matter of first importance, we will post the balance according to cash book out the debit side as 16,340.
At that point, we will debit the enthusiasm on the bank overdraft by 1,000.
We will include them up.
The equalization according to bank will come to be 17,340.
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