Debit balance as per Cash Book of Axe Ltd. As on 31.3.2016 is Rs. 2,000. Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 100 and collected dividend Rs. 50 on behalf of Axe Ltd. Balance as per Pass Book should be
A. Rs. 1,700
B. Rs. 2,000
C. Rs. 2,100
D. Rs. 2,200
Answer:D
Debit balance as per Cash Book of Axe Ltd. As on 31.3.2016 is Rs. 2,000. Cheques deposited but not cleared amounts to Rs. 100 and Cheques issued but not presented of Rs. 150. The bank allowed interest amounting Rs. 100 and collected dividend Rs. 50 on behalf of Axe Ltd. Balance as per Pass Book should be
A. Rs. 1,700 B. Rs. 2,000 C. Rs. 2,100 D. Rs. 2,200