The Bank Pass Book of Account No.7749 of Ms. Tina showed an overdraft of ` 1,34,300 on 31st March 2024. On going through the Pass Book, the accountant found the following:
(i) A Cheque of `4,320 credited in the pass book on 28th March 2024 being dishonoured is debited again in the pass book on 1st April 2024. There was no entry in the cash book about the dishonour of the cheque until 15th April 2024.
(ii) Bankers had credited her account with ` 11,200 for interest collected by them on her behalf, but the same has not been entered in her cash book. (iii) Out of ` 82,000 paid in by Ms. Tina in cash and by cheques on 31st March 2024 cheques amounting to ` 30,000 were collected on 7th April, 2024.
(iv) Out of Cheques amounting to ` 31,200 drawn by her on 27th March, 2024 a cheque for ` 10,000 was encashed on 3rd April, 2024.
(v) Bankers seems to have given here wrong credit for ` 2,000 paid in by her in Account No. 8765 and a wrong debit in respect of a cheque for ` 1,200 against her account No.8765.(vi) A cheque for ` 4,000 entered in Cash Book but omitted to be banked on 31st March, 2024.
(vii) A Bill Receivable for ` 20,800 previously dishonoured (Discount ` 800) with the Bank had been dishonoured but advice was received on 1st April, 2024.
(viii) A Bill for ` 40,000 was retired /paid by the bank under a rebate of ` 700 but the full amount of the bill was credited in the bank column of the Cash Book.
(ix) A Cheque for ` 9,600 deposited into the bank but omitted to be recorded in Cash Book and was collected by the bank on 31st March, 2024.
May 4, 2024
