NCERT · Class 11 · Accountancy · Bank Reconciliation StatementDirect deposit by a customer into our bank account will lead to:
Step-by-Step Solution
A direct deposit by a customer increases the passbook balance, while the cash book is not updated until the intimation is received.
Detailed Options Breakdown
Option : Decrease in passbook balance
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Bank Reconciliation Statement.
Option 1: Increase in passbook balance as compared to cash book (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Decrease in cash book balance
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Bank Reconciliation Statement.
Option 3: No effect on balances
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.