In Bank Reconcilition Statement if amount shown in pass book is 1500 and in cash book 1000 then which amount will be shown in trial balance??

Question

Accepted Answer

The amount shown in the trial balance will be 1000.

The trial balance includes the balances from the cash book and other ledger accounts.
The amount shown in the cash book represents the actual cash balance.
The amount shown in the pass book represents the bank balance.
Bank reconciliation statement helps identify the differences between the cash book and pass book balances.
In this case, the difference is 500 (1500 - 1000).
The difference will be adjusted in the bank reconciliation statement, but it won't affect the trial balance.
Therefore, the amount shown in the trial balance will be 1000.

Popular interview questions of Article Assistant