Aysha's Cash Book showed a bank overdraft of Rs. 60,000 on 31 March, 2020. On Comparison...

  

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Aysha's Cash Book showed a bank overdraft of Rs. 60,000 on 31" March, 2020. On Comparison of the two books, the following differences were noted down. a. A cheque for 3,000 deposited on 30th March, 2020 did not appear in the pass book. b. Cheques issued to totaling RS. 60,000 had not been presented at the bank. c. Interest on overdraft debited in the pass book was Rs. 600 but not recorded in the Cash Book. d. Insurance premium paid and debited by the bank in the Pass Book Rs. 6,000 but not entered in the Cash Book. e. Interest on investment collected by the bank appeared in the Pass Book only Rs. 900. f. Dividend on shares collected by the bank Rs. 900 credited in the Pass Book. Required: (0) What will be the revised balance of Cash Book (after making necessary adjustments) (i) Prepare a Bank Reconciliation Statement as on 31.03.2020 (Revised cash book method) Aysha's Cash Book showed a bank overdraft of Rs. 60,000 on 31" March, 2020. On Comparison of the two books, the following differences were noted down. a. A cheque for 3,000 deposited on 30th March, 2020 did not appear in the pass book. b. Cheques issued to totaling RS. 60,000 had not been presented at the bank. c. Interest on overdraft debited in the pass book was Rs. 600 but not recorded in the Cash Book. d. Insurance premium paid and debited by the bank in the Pass Book Rs. 6,000 but not entered in the Cash Book. e. Interest on investment collected by the bank appeared in the Pass Book only Rs. 900. f. Dividend on shares collected by the bank Rs. 900 credited in the Pass Book. Required: (0) What will be the revised balance of Cash Book (after making necessary adjustments) (i) Prepare a Bank Reconciliation Statement as on 31.03.2020 (Revised cash book method)

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To reconcile the differences between Ayshas Cash Book and the banks Pass Book we need to make the ne... View the full answer