n 31 03 09 the balance of the cash book is 7074(credit) and balance as per bank statement is 3159(debit) - Accountancy - Bank Reconciliation Statement

Question

n 31 03 09 the balance of the cash book is 7074(credit) and
balance as per bank statement is 3159(debit) On scrutiny it was
found that the difference was due to cheques issued but yet not
presented for payment The bank balane as on 31 03 09 to be shown in
balance sheet as:a as bank overdraft 3159 b as cash at bank 7074 c
as bank overdraft 7074 d as cash at bank 3159 please explain
detail

R C Gupta · Accepted Answer

Answer is C -bank overdraft 7074 because in the balance sheet
the balance shown by cash book is to be shown even if it does not
matchwith passbook because all the items of balance sheet must
match with business' s documents/vouchers/subsidiary books etc As
about difference between passbook and cash book the BRS may be
given below the balance sheet