Cheque of Rs 1500 paid into bank but wrongly debited by the bank. What will be the treatment for this if the pass book balance is given in Bank Reconciliation Statement ?
dear student,
Since credit balance of passbook is given
and cheque amounting Rs 1500 has been deposited into the bank but instead of crediting it, it was wrongly debited by the bank. bank, first of all, have to rectify it by debiting the amount of Rs 1500 then again credit Rs 1500 as it is deposited. it means Rs 3000 must be added to the given credit balance of passbook
Regards!!
Since credit balance of passbook is given
and cheque amounting Rs 1500 has been deposited into the bank but instead of crediting it, it was wrongly debited by the bank. bank, first of all, have to rectify it by debiting the amount of Rs 1500 then again credit Rs 1500 as it is deposited. it means Rs 3000 must be added to the given credit balance of passbook
Regards!!