Vikas'sCash Book showed an overdrawn Cash Book balance or Rs. 20,200 on 31st March, 2019. He received a bank statement showingan overdrawn balance of Rs. 20,310 on 31st March, 2019. The reason for the difference is that bank charged Rs. 310 adn allowed interest Rs. 200 has not been recorded in the Cash Book. What entries should Vikas pass to update his Case Book?

Vikas'sCash Book showed an overdrawn Cash Book balance or Rs. 20,200 o

1.	Vikas'sCash Book showed an overdrawn Cash Book balance or Rs. 20,200 on 31st March, 2019. He received a bank statement showingan overdrawn balance of Rs. 20,310 on 31st March, 2019. The reason for the difference is that bank charged Rs. 310 adn allowed interest Rs. 200 has not been recorded in the Cash Book. What entries should Vikas pass to update his Case Book?
Answer» Solution :In the Paments (Cr.) side in the BANK COLUMN of CASH Book an ENTRY for Rs. 310will be recorde against Banks CHARGES. In the Receipts (Dr.) side in the bank column of Cash Book an entry for Rs.200 will be recorded against Intrest received.

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