PRC-1 · Chapter 9 · Question 73 of 100
If the bank statement shows a favorable balance of Rs. 30,000, unpresented cheques are Rs. 10,000, and uncredited cheques are Rs. 6,000. What is the adjusted cash book balance?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Rs. 26,000 (Favorable)
Explanation
Formula: CB + Unpresented - Uncredited = Bank. CB + 10,000 - 6,000 = 30,000. CB + 4,000 = 30,000. Therefore, CB = Rs. 26,000 (Favorable).
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