PRC-1 · Chapter 9 · Question 92 of 100
If the adjusted cash book shows an overdraft of Rs. 4,000, and unpresented cheques amount to Rs. 3,000, what is the bank statement balance?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Rs. 1,000 (Overdraft)
Explanation
Formula: CB + Unpresented = Bank. -4,000 + 3,000 = -1,000. This translates to a bank overdraft of Rs. 1,000.
More Bank Reconciliations MCQs
- Q94The bank statement shows a debit balance (overdraft) of Rs. 10,000. The cash book shows a credit balance (overdraft) of Rs. 12,000…
- Q95In the context of a multiple-column cash book, a 'contra entry' represents:
- Q96Which of the following is the correct double entry for recording cash deposited into the bank?
- Q97If a cheque received from a customer is deposited into the bank on the same day, what is the initial double entry?
- Q98To adjust for a cheque that was returned marked 'NSF' (Not Sufficient Funds) by the bank, the accountant must: