Trial Balance and Rectification of Errors — Account STD 11 Commerce — Question

The balance at bank in Z's Cash Book on 30th April, 2019 is ₹ 12,460 debit. However, a cheque for ₹ 14,470 received from X and a cheque for ₹ 1,740 paid to Z appear in the Cash Book, but not in the Bank Statement. Bank charges of ₹ 4,500 have not been entered in the Cash Book. What is the balance shown in the Bank Statement on 30th April, 2019?

Name two items which are written in plus column while starting with Overcraft balance of Cash Book.

Journalise the following in the books of X:
Y's acceptance for ₹ 2,00,000 which was discounted by X from the bank has been dishonoured, noting charges paid by bank being ₹ 100.

What is a Debit Note?

What are the merits of Written Down Value Method? (Any two)

In which Column (Plus or Minus) you will write the following while preparing Bank Reconciliation Statement from the Cash Book overdraft balance.

1. Cheques deposited but dishonoured.
2. The receipt side of Cash book overcast.
3. Interest on overdraft.
4. Direct amount deposited by the customer into bank.

What are Fixed Assets?

Distinguish Trade Discount from Cash Discount? (Two points)

What is the rule of recording transactions in Nominal Accounts?

What does 'Credit balance as per the Cash Book mean?