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    Manish Patel
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    The bank balance for Priya & Co as of February 28, 2008 according to their passbook was Rs. 20,125. This was calculated by taking the credit balance per their cash book of Rs. 15,000 and subtracting unrecorded bank charges of Rs. 500 and Rs. 125, as well as cheques paid but not cleared of Rs. 6,875. Additional amounts of cheques issued but not cleared of Rs. 7,500 and dividends collected by the bank of Rs. 4,500 were added to calculate the final balance.

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    ACCOUNTING FOR MANAGER

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    Q-6

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    The bank balance for Priya & Co as of February 28, 2008 according to their passbook was Rs. 20,125. This was calculated by taking the credit balance per their cash book of Rs. 15,000 and subtracting unrecorded bank charges of Rs. 500 and Rs. 125, as well as cheques paid but not cleared of Rs. 6,875. Additional amounts of cheques issued but not cleared of Rs. 7,500 and dividends collected by the bank of Rs. 4,500 were added to calculate the final balance.

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    Solution 6

    Uploaded by

    Manish Patel
    The bank balance for Priya & Co as of February 28, 2008 according to their passbook was Rs. 20,125. This was calculated by taking the credit balance per their cash book of Rs. 15,000 and subtracting unrecorded bank charges of Rs. 500 and Rs. 125, as well as cheques paid but not cleared of Rs. 6,875. Additional amounts of cheques issued but not cleared of Rs. 7,500 and dividends collected by the bank of Rs. 4,500 were added to calculate the final balance.

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    SOLUTION-6:

    BANK BALANCE AS PER PASS BOOK OF PRIYA & CO. AS ON 28 th Feb 2008:
    (Rs.)
    (Rs.)

    Cr. Balance as per cash book on 28 th Feb


    15,000
    LESS:
    500

    interest charged by bank not recorded in cash book


    Bank charges made by bank not recorded in cash book
    -

    125

    Cheques paid into bank but not yet credited


    6,875

    6,250
    8,125
    ADD:
    7,500

    Cheques issued but not yet presented


    Dividends collected directly by bank
    4,500
    12,000
    Bank balance as per pass book of Priya & Co as on 28 th Feb 2008

    20,125

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