Multiple Choice Questions on Overdraft as per Cash book is Rs 20 000 Cheques issued but not presented for paymentRs 5000 Bank cha........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Overdraft as per Cash book is Rs 20 000 Cheques issued but not presented for paymentRs 5000 Bank cha...........

General Accounting Principles Bank reconciliation statement
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    Overdraft as per Cash book is Rs. 20,000. Cheques issued but not presented for paymentRs. 5000. Bank charges deducted by bank Rs. 200.Balance as per passbookis-

    Bank overdraft 15,200

    Correct Answer

    Bank balance 15,200

    Incorrect Answer

    Bank overdraft -14,800

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    Overdraft – Rs 20,000

    Cheques issued but not presented for payment +5000

    Bank charges -200

    Bank overdraft = -20,000 +5,000-200= Rs. 15,200

    By: Subhash Singh
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