Answered: Bank balance as per Cash book RO 25,000…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 5.4.3P

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Bank balance as per Cash book RO 25,000

Cheques deposited into bank but not credited up to December 31, 2018 is RO 8,900.

Cheques issued but not presented for payment RO 12,500.

Bank credited RO 6,000 for receiving dividend through Electronic Clearing System.

Cheque book charges debited by Bank RO 400.

The balance as per the Pass book is

A) 28600

B) 30600

C) 29600

) 21400

Definition Definition Financial journal in which only cash-related transactions are recorded. Cash transactions are posted chronologically in the cash book, which is also called a subsidiary book. All the cash receipts are recorded on the debit side and all the cash payments are recorded on the credit side. An important point to remember is that the cash book never shows a credit balance; only a debit balance is shown in the cash book.

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