PRC-1 · Chapter 9 · Question 42 of 100
If the bank statement shows a favorable balance of Rs. 30,000, unpresented cheques are Rs. 5,000, and uncredited cheques are Rs. 8,000, what is the adjusted cash book balance?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Rs. 33,000
Explanation
Using the BRS formula: Adjusted CB Balance + Unpresented - Uncredited = Bank Balance. Thus, Adjusted CB + 5,000 - 8,000 = 30,000. Adjusted CB = 30,000 + 8,000 - 5,000 = Rs. 33,000.
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