Question

The credit balance as per cash book is Rs. 3,000. Cheques for Rs. 800 were deposited but

were not collected. The cheques issued but for presented were Rs. 550. Balance as per pass book

will be :

(​

Answer 1

Answer:

make adjustment in Balance as per cash book to arrive at balance as per pass book.

Accordinly,

Credit balance as per cash book means overdraft.

Overdraft balance as per cash book = 3000

Add : Cheque deposited but not collected = 800

Less : Cheque issued but not presented = ( 550 )

Overdraft balance as per pass book = 3000 + 800 - 550 = 3250