AID13207: From the following particulars, determine the bank balance as per pass book of Priya & Co. as on 28th February 2008

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Question: From the following particulars, determine the bank balance as per pass book of Priya & Co. as on 28th February 2008.

a) Credit balance as per cash book on 28th February, 2008 was Rs. 15,000

b) Interest charged by the bank up to 28th February Rs. 500 was recorded in the pass book.

c) Bank charges made by the bank Rs. 125 were also recorded only in the pass book.

d) Out of the cheques of Rs. 25,000 paid into the bank, cheques of Rs. 18,750 were cleared and credited by the bankers.

e) Two cheques of Rs. 7,500 and Rs. 15,000 were issued but out of them only one cheque of Rs. 7,500 was presented for payment up to 28th February.

f) Dividends on shares Rs. 4,500 were collected by the bankers directly, for which Priya & Co. did not have any information.

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