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A bank reconciliation statement is prepa...

A bank reconciliation statement is prepared with the balance:
Option1 Passbook
Option2 Cash book
Option3 Both passbook and cash book
Option4 None of these

A

) Passbook

B

Cash book

C

Both passbook and cash book

D

None of these

Text Solution

Verified by Experts

C
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Overdraft shown by the passbook of Mr. Murli is 20,000. Prepare bank reconciliation statement on dated March 31, 2017. (i) Bank charges debited as per passbook 500. (ii) Cheques recorded in the cash book but not sent to the bank for collection 2,500. (iii) Received a payment directly from customer 4,600. (iv) Cheque issued but not presented for payment 6,980. (v) Interest credited by the bank 100. (vi) LIC paid by bank 2,500. (vii) Cheques deposited with the bank but not collected 3,500.

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