Question - 8
On 31st March, 2000 overdraft balance of M/s Vijay brothers was Rs. 15,830 while going through it the following points were found out :
- Cheques for Rs. 2,000 were sent to bank for collection on 30th March, but till 3st March only cheques amounting to Rs. 1,500 were credited in passbook.
- Cheques for Rs. 5,000 were issued but up to 31st March only cheques for Rs. 4,000 were presented fro payment.
- In Passbook interest of Rs. 150 was debited.
- Cheques worth Rs. 120 which was debited in cash column of cash book but forgotten to be sent to bank.
- One customer directly deposited Rs. 600 in bank teh entry of which was entered in passbook but not in cash book.
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