Multiple choice

Debit balance as per cash book is Rs. 3,000. Cheque issued but not presented for payment Rs. 500, interest collected by bank Rs. 400 and deposit by a customer directly into his bank Rs. 250. Bank reconciliation statement will show balance of ____ as per passbook.

  1. Rs. 4,150

  2. Rs. 4,000

  3. Rs. 4,500

  4. None of the above
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A Correct answer
Explanation

Balance is required as per passbook. Thus, all of the above transactions have to be added because bank has credited interest, collected money from customer and has not debited the cheque issued yet.

3,000 + 500 + 400 + 250 = Rs. 4,150

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