1.

Mohan & Co., have two bank accounts–Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account as on 31st March, 2018 according to the Cash Book (Bank Column) of the firm: ₹ (i) Overdraft as per Pass Book. 14,724 (ii) Cheques issued prior to 31st March, 2018 but not presented till 31st March 6,429 (iii) Cheques paid into the bank prior to 31st March, 2018 but not credited till 31st March. 9,751 (iv) Interest debited by the bank but not entered in the Cash Book. 607 (v) Bank charges debited by the bank but not entered in the Cash Book. 140 (vi) Transfer of funds from Account No. II to Account No. I recorded by the bank on 31st March, 2018 but entered in the Cash Book on 2nd April, 2018. 5,000

Answer» Mohan & Co., have two bank accounts–Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account as on 31st March, 2018 according to the Cash Book (Bank Column) of the firm:






































₹
(i) Overdraft as per Pass Book. 14,724
(ii) Cheques issued prior to 31st March, 2018 but not presented till 31st March 6,429
(iii) Cheques paid into the bank prior to 31st March, 2018 but not credited till 31st March. 9,751
(iv) Interest debited by the bank but not entered in the Cash Book. 607
(v) Bank charges debited by the bank but not entered in the Cash Book. 140
(vi) Transfer of funds from Account No. II to Account No. I recorded by the bank on 31st March, 2018 but entered in the Cash Book on 2nd April, 2018. 5,000


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