Management Accounting

11 of 40

A withdrawal of Rs.500/- from Mr. Jone's account on 2nd October, 2004 has been entered by the bank in the pass book of Mr. Johny's account. If you are preparing the bank reconciliation statement considering the balance as per pass book as on 31st October,2004 is Rs.2,250/- for Mr. Johny, find out the balance as per his bank book.

  Rs.1,750/- (debit)

  Rs.1,750/- (overdraft)

  Rs.2,250/- (overdraft)

  Rs.2,250/- (debit)