PRC-1 · Chapter 9 · Question 72 of 100
If the cash book shows an overdraft of Rs. 15,000, unpresented cheques are Rs. 8,000, and uncredited cheques are Rs. 5,000. What is the bank statement balance?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Rs. 12,000 (Overdraft)
Explanation
Using negative values for overdrafts: CB (-15,000) + Unpresented (8,000) - Uncredited (5,000) = -12,000. This translates to a bank overdraft of Rs. 12,000.
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