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Bank reconciliation

Accountancy

I don't understand part (iv) of the question. The cheque of 10 000 was encashed after 1st April. And cheques of 31 200 have not been presented for payment before 31st March. Shouldn't the entire 31 200 be added to bank overdraft as per passbook?

Asmita Kar

CA Foundation

★ 7K+

04-May-25 12:05

Answers (5)

POint iv does not mention that entire 31,200 has not been presented.

CA Suraj Lakhotia

Admin

12-May-25 12:21

CA Suraj Lakhotia Admin

POint iv does not mention that entire 31,200 has not been presented.

So, if I’m understanding this correctly, we assume that ₹21,200 had been presented for payment before 31st March. The remaining ₹10,000 was paid after 31st March, so we add ₹10,000 as credited in the cash book. Right?

Thread Starter

Asmita Kar

CA Foundation

★ 7K+

13-May-25 11:58

So, to clarify, In questions like this, where it is not specifically mentioned whether the cheques drawn have been presented for payment, Should we assume that they have been presented?

Thread Starter

Asmita Kar

CA Foundation

★ 7K+

13-May-25 12:03

Yes.

CA Suraj Lakhotia

Admin

13-May-25 18:56

CA Suraj Lakhotia Admin

Yes.

Okay sir

Thread Starter

Asmita Kar

CA Foundation

★ 7K+

13-May-25 22:41

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