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Accounting Errors and Expenditure Classification
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The cash book showed an overdraft of Rs. 3,000 as cash at bank, but the pass book made up on the same date showed that cheques of Rs. 200, Rs. 100 and Rs. 250 respectively had not been presented for payments and the cheque of Rs. 800 paid into the account had not been cleared. The balance as per the cash book will be
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A
Rs. 3,250
💡 Explanation:
Cash book overdraft = Rs. 3,000
Cheques issued but not presented for payment= (- ) Rs. 550 (200+150+250)
The cheque paid into the account had not been cleared- (+) Rs. 800
The balance as per the cash book= Rs. 3,250