PRC-1 · Chapter 9 · Question 32 of 100
The balance as per Cash Book is Rs. 10,000 (Favorable). Unpresented cheques are Rs. 3,000. Uncredited cheques are Rs. 1,000. What is the balance as per Bank Statement?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Rs. 12,000 (Favorable)
Explanation
Formula: CB Balance + Unpresented - Uncredited = Bank Balance. 10,000 + 3,000 - 1,000 = Rs. 12,000 (Favorable).
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