When preparing a BRS starting with an overdraft as per the Pass Book, checks deposited but not yet cleared should be:
A. Added
B. Ignored
C. Divided
D. Deducted
Answer: Option A
Solution (By JKSSB Mock Tests)
Deposited checks lower the Cash Book overdraft. To make the Pass Book overdraft match the lower Cash Book overdraft, the amount must be added (reducing the negative balance).
Explanation:
All revenues received by the Government of India and all loans raised are credited to the Consolidated Fund, which is operated by the President.
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