From the following data ascertain the balance as per bank statement of Rashid & Co on March 31, 20-- Balance as per bank book Rs. 79,000 Cheques issued but not presented for payment 24,000. Cheques deposited but not cleared Rs. 35,000 Interest on deposit was credited by bank but not debited in bank book 1,000. A customer paid into bank directly 13,000 but the same was not recorded in bank book. Other receipts in bank that were not recorded in bank book 20,000.
From the following data ascertain the balance as per bank statement of Rashid & Co on March 31, 20-- Balance as per bank book Rs. 79,000 Cheques issued but not presented for payment 24,000. Cheques deposited but not cleared Rs. 35,000 Interest on deposit was credited by bank but not debited in bank book 1,000. A customer paid into bank directly 13,000 but the same was not recorded in bank book. Other receipts in bank that were not recorded in bank book 20,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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5 Problem
From the following data ascertain the balance as per bank statement of Rashid & Co on March 31, 20--
- Balance as per bank book Rs. 79,000
- Cheques issued but not presented for payment 24,000.
- Cheques deposited but not cleared Rs. 35,000
- Interest on deposit was credited by bank but not debited in bank book 1,000.
- A customer paid into bank directly 13,000 but the same was not recorded in bank book.
- Other receipts in bank that were not recorded in bank book 20,000.
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