Home › CBSE Class 11 › accountancy › Bank Reconciliation Statement › Interest allowed by the bank, not yet entered in…
Interest allowed by the bank, not yet entered in the cash book, will make the pass book balance:
Ahigher than the cash book balance
Blower than the cash book balance
Cequal to the cash book
Dnegative
Answer & Solution
Correct answer: A. higher than the cash book balance
Unrecorded interest allowed raises the pass book balance above the cash book.
Related questions
Why is regular bank reconciliation considered an internal control tool?Bills receivable discounted with bank, charged ₹1,600 on dishonour of ₹80,000 bill. StartiWhich of the following constitutes an error that the bank must rectify in pass book, not tBank Pass Book balance ₹10,00,000. Insurance ₹60,000 paid by bank. Bank charges ₹2,000 twiOn 30/06/2022 cash book shows balance ₹44,50,000. Cheques issued ₹6,00,000 unpresented. DeStarting from debit balance as per bank statement, which item is ADDED?Cheques deposited but not yet credited, when starting BRS from a debit (unfavourable) passA cheque of ₹25,000 was issued and also presented in same month, but erroneously recorded