interest on overdraft for 6 months ending 31st Dec 2011 rs.160 is entered in pass book.....we need to find balance as per cash book.
why we add this amount in brs??
Answers
Explanation:
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Page No 15.27:
Question 1:
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 :
₹
(i) Cheques deposited, but not yet credited by the bank 75,450
(ii) Cheques issued, but not yet presented for payment 80,760
(iii) Bank charges not yet recorded in the cash book 1,135
(iv) Cheques received by the bank directly from trade debtors 1,35,200
(v) Insurance premium paid by the bank as per standing instructions, but not yet recorded in the cash book 15,400
(vi) Dividend collected by the bank, but not yet recorded in the cash book 1,000