4 Answers ; 102477 Views ; ICICI, I also Faced.

4,535 of which cheques amounting to Rs. So, in BRS it will be Cash book ( - ) and pass book ( + ) Explanation: At the point when the credit side of the money book is overcast, it implies that the costs or the uses for the firm have surpassed more than the aggregate of the debit side, causing an imbalance. ABC & Co.'s bank statement shows a bank balance of $20,000 on 31 December 2010 where as its balance in the cash book at that date is only $19,000. (Ref. TYPES OF CASH BOOK Cash book can be of four types: 1. 300 iii.

1,000 (discounted with the bank in November 2008) dishonoured … 182 drawn for the payment of telephone bill had been entered in the cash book as Rs.

A check for Rs. 44,500 standing to his credit on bank on 30th June, 2006. 720 (vi) Payment side of the Cash book undercast . The debit side of the cash book had been undercast by Rs. Payment side of cash book undercast by rs.200. 100. : T.S. Without raising suspense account.

10,520. Prepare a Bank Reconciliation Statement from the following information: (i) Cheques amounting to ₹ 15,000 were drawn in March 2015, out of which cheques for ₹ 5,500 were presented for payment on 3rd April. 4. On investigation you find that: The payment side of the cash book had been undercast by Rs.500. The debit side of the cash book had been undercast by Rs. (vi) Payment side of the Cash Book has been undercast by Rs. 112 was recorded as Rs. You have been given the following additional information: (a) The debit side of the Cash Book (Bank Column) has been undercast by ₹ 25,000. According to cash book of Gopi, there was a balance of Rs. | EduRev CA Foundation Question is disucussed on EduRev Study Group by 1624 CA Foundation Students. (g) A cash discount allowed of Rs. What is meant by undercast and overcast in accountancy? Solution.

Reason : Balance of Cash Book = Receipts side - Payments side So, when payments are less (than actual), balance will be more. 281 but was shown correctly in … Page No 15.39: Question 34: On 31st March, 2015 the Pass Book of Mr. Janaki Dass showed a credit balance of ₹ 20,600. Grewal, “ Double Entry Book Keeping”) 14.4. (h) A cheque of Rs. 1. A check for Rs. The difference can be eliminated by adjusting the cash book by a debit entry of $1000. 200 (vii) Dishonour of bill has not been recorded in the Cash book . (vi) Payment side of the Cash Book has been undercast by Rs 200. (b) A cheque for ₹ 10,000 paid to a creditor has been wrongly entered in the Cash Column.

4. 1. This means that the total of credit side (payments side) of the Cash Book was totaled less by Rs 200, the actual total should have been Rs 12,200 (12,000 + 200). Explain with some transactions and their co.. Answer / prateek.

2.

250. The debit to P. Gupta’s account stands at Rs 1,000. Simple Cash Book. Undercast: A forecasting error that occurs when estimating items such as future cash flows , performance levels or production. Question Posted / guest. On comparison of the Pass Book with the Cash Book, it is observed that: (i) Cheques issued by John in October 2006 amounted to Rs. The expense or expenditure is high than the debit side ( ₹ 200). 3,535 were paid by the bank by 31st October 2006.

MJ12 Expert; Minus will be the treatment because cash book is more as compare to pass book according to book question according to your question plus will be add done because cash book is less than pass book. The difference is due to a bank payment of $1000 incorrectly recorded twice by ABC & Co. in its cash book. (vii) A bill receivable for Rs 1,000 (discounted with the bank in November 2008) dishonoured on 31st December, 2008. 210 by the customer having been deposited into bank was dishonored by …

2. Bills receivable book was undercast by $ 200.