MP Board · Class 11 · Accountancy · Bank Reconciliation StatementCheques paid into bank but not yet collected result in:
Step-by-Step Solution
When cheques are deposited into the bank, the cash book is increased immediately, but the passbook is credited only when collection is made. Thus, cash book balance is temporarily higher than passbook.
Detailed Options Breakdown
Option : Cash book balance being higher than passbook balance (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: Passbook balance being higher than cash book balance
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Bank Reconciliation Statement.
Option 2: Equal balances in both books
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Bank Reconciliation Statement.
Option 3: None of the above
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Bank Reconciliation Statement.
💡 Study Guide: This question tests core syllabus concepts from Bank Reconciliation Statement. For formulas, key summaries, and mock exam reference guides, read the full Bank Reconciliation Statement Revision Notes.