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SSC Financial and Cost Accounting P-1 QUESTION #9625
Question 1
A business's bank book shows a closing balance of Dr. Rs. 172,700. There are un-presented cheques of Rs. 9,100 and un-credited cheques of Rs. 37,800 (Rs. 20,000 + Rs. 17,800). What is the balance as per the Bank Statement?
  • Rs. 144,900
  • Rs. 144,000✔️
  • Rs. 181,800
  • Rs. 125,800
Correct Answer Explanation
Bank Reconciliation: Start with Bank Book balance Dr. 172,700. Add un-presented cheques +9,100 = Dr. 181,800. Less un-credited cheques –37,800 = Cr. 144,000. The bank statement shows a credit balance of Rs. 144,000 (from the bank's perspective, this is a liability they owe the customer).