In BRS, if the cash book shows a bank balance of ₹10,000 (Dr.) and there is an unpresented cheque of ₹2,000, the passbook balance will be: MCQ with Answer and Explanation

In BRS, if the cash book shows a bank balance of ₹10,000 (Dr.) and there is an unpresented cheque of ₹2,000, the passbook balance will be:
A. ₹2,000
B. ₹12,000
C. ₹8,000
D. ₹10,000
Answer: Option B
Solution (By JKSSB Mock Tests)
Unpresented cheque has been deducted in cash book but not in passbook. So passbook balance = Cash book balance + Unpresented cheque = 10,000 + 2,000 = ₹12,000.

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Practice More Accountancy and Book Keeping Questions

Question #1
Which of the following is not a component of 'Other Comprehensive Income' (OCI) under Ind AS?
A. Actuarial gains and losses on defined benefit plans
B. Revaluation surplus on property, plant, and equipment
C. Dividend income
D. Exchange differences on translating foreign operations

Correct Answer: Option C


Explanation:
Dividend income is reported in profit or loss, not OCI.

Question #2
The 'Cost of Inventory' does not include:
A. Selling and distribution costs
B. Customs duty
C. Freight inwards
D. Storage costs necessary in production process

Correct Answer: Option A


Explanation:
Selling costs are excluded from inventory cost as per AS 2.

Question #3
Return of goods by a customer should be debited to:
A. Sales Return (Return Inwards) Account
B. Purchase Return Account
C. Customer Account
D. Sales Account

Correct Answer: Option A


Explanation:
Goods are coming back (Debit what comes in), representing a reduction in sales revenue, handled via the Sales Return account.