From the following information, ascertain the Cash Book balance of Mr. Patil as on 31st March, 2025: (i) Debit balance as per Bank Pass Book -…
CA Foundation · Accounting · MTP · April 2025
From the following information, ascertain the Cash Book balance of Mr. Patil as on 31st March, 2025: (i) Debit balance as per Bank Pass Book - 5,250. (ii) A cheque amounting to 3,750 deposited on 15th March, but the same was returned by the Bank on 24th March for which no entry was passed in the Cash Book. (iii) During March, 2025, two bills amounting to 3,750 and 750were collected by the Bank but no entry was made in the Cash Book. (iv) A bill for 7,500 due from Mr. Sahil previously discounted for 7,200 was dishonored. The Bank debited the account, but no entry was passed in the Cash Book. (v) A Cheque for 2,250 was debited twice in the cash book.
Suggested Answer and Working Notes:
Particulars Amount ₹ Balance as per Pass Book 5,250 Add: Bill discounted by bank (₹ 3,750+750) 4,500 Less: Cheques deposited but returned on 24th March, 2025 (3, 750) Discounted bill from Mr. Sahil dishonoured (7, 500) Wrong debit in passbook (2, 250) Balance as per Cash book (Dr. / Favourable) (3, 750)
Topics: Bank Reconciliation Statement
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