1 Cash Balance ₹ 56,000 Bank Overdraft ₹ 11,000

1 Cash Balance ₹ 56,000 Bank Overdraft ₹ 11,000
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Enter the following transaction of Mr. Chavan in a cash book with cash and bank column for the month ... cash and electricity bill ₹ 7,400 by cheque.
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1 Cash Balance ₹ 33,000 Bank Balance ₹ 8,000 3 Received from Prerna cash ₹ 2,750 and a bearer cheque for ₹ 645. 

Description : 1 Cash Balance ₹ 33,000 Bank Balance ₹ 8,000 3 Received from Prerna cash ₹ 2,750 and a bearer cheque for ₹ 645. 

Last Answer : Enter the following transaction of Hariram Bros, in a cash book with cash and bank column for the month of ... the bank all cash in excess of ₹ 5,000.

1 Balance of cash ₹ 65,500. 2 Brought additional capital ₹ 12,000. 

Description : 1 Balance of cash ₹ 65,500. 2 Brought additional capital ₹ 12,000. 

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1 Started business with cash ₹ 30,000.  2 Opened a current account with the bank and deposited ₹ 9,000. 

Description : 1 Started business with cash ₹ 30,000.  2 Opened a current account with the bank and deposited ₹ 9,000. 

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20) Use Accounting Equation to show the effect of the following transactions of Ram Traders.a) Started business with cash ₹ 1,00,000.b) Bought goods for cash \( ₹ 20,000 \).c) Cash sales ₹ \( 60,000 . \)

Description : 20) Use Accounting Equation to show the effect of the following transactions of Ram Traders.a) Started business with cash ₹ 1,00,000.b) Bought goods for cash \( ₹ 20,000 \).c) Cash sales ₹ \( 60,000 . \)

Last Answer : 20) Use Accounting Equation to show the effect of the following transactions of Ram Traders. a) Started ... 000 . c) Cash sales ₹ 60,000 .

Mr.Ashvin started the business with cash of ₹ 95,000.

Description : Mr.Ashvin started the business with cash of ₹ 95,000.

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An excavator costs Rs. 20,00,000 and has an estimated life of 8 years. It has no salvage value at the end of 8 years. The book value of the excavator at the end of 3 years using general double declining balance method is (A) Rs. 8,43,750 (B) Rs. 8,75,000 (C) Rs. 10,50,000 (D) Rs. 11,56,250

Description : An excavator costs Rs. 20,00,000 and has an estimated life of 8 years. It has no salvage value at the end of 8 years. The book value of the excavator at the end of 3 years using general double declining balance method is (A) Rs. 8,43,750 (B) Rs. 8,75,000 (C) Rs. 10,50,000 (D) Rs. 11,56,250

Last Answer : (A) Rs. 8,43,750

Bank overdraft means ___________ balance of Bank A/c. 

Description : Bank overdraft means ___________ balance of Bank A/c. 

Last Answer : Bank overdraft means ___________ balance of Bank A/c. (a) Debit (b) Credit (c) Positive (d) Nil

The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : (4) an overdraft Explanation: Overdrafts is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the ... available balance goes below zero. In this situation the account is said to be "overdrawn."

The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : an overdraft

Interest on overdraft charged by the bank is recorded in the cash column.

Description : Interest on overdraft charged by the bank is recorded in the cash column.

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1 Received cash from head cashier ₹ 1,350.

Description : 1 Received cash from head cashier ₹ 1,350.

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Saina spent Rs. 44,668/- on her air tickets, Rs.56,732 on buying gifts to the family members and the remaining 22% of the total amount she had as cash with her. What was the total amount ? a) Rs. 1,25,800/- b) Rs. 1,30,000/- c) Rs. 1,10,500/- d) Rs. 1,68,300/- e) Rs. 1,50,000/-

Description : Saina spent Rs. 44,668/- on her air tickets, Rs.56,732 on buying gifts to the family members and the remaining 22% of the total amount she had as cash with her. What was the total amount ? a) Rs. 1,25,800/- b) Rs. 1,30,000/- c) Rs. 1,10,500/- d) Rs. 1,68,300/- e) Rs. 1,50,000/- 

Last Answer : Saving = 22% Spent = a00 - 22) = 78% Spending money = 44668 + 56732 = 101400 78%- 101400 100% = 101400 100/78 = 130000 Answer: b)

If closing capital is ₹ 30,000 and profit is ₹ 5,000 opening capital was __________ 

Description : If closing capital is ₹ 30,000 and profit is ₹ 5,000 opening capital was __________ 

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1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000. 

Description : 1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000. 

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1 Purchased goods from M/s. Jalna Traders, Delhi for ₹ 10,000 at 10% T.D. 

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The debit balance of Pass Book represents overdraft.

Description : The debit balance of Pass Book represents overdraft.

Last Answer : State whether the following statement are True or False with reason : The debit balance of Pass Book represents overdraft.

Overdraft means _________ balance of Pass Book. 

Description : Overdraft means _________ balance of Pass Book. 

Last Answer : Overdraft means _________ balance of Pass Book. (a) opening (b) debit (c) credit (d) closing

Overdraft as per Cash Book means debit balance as per Cash Book.

Description : Overdraft as per Cash Book means debit balance as per Cash Book.

Last Answer : State whether the following statement are True or False with reason : Overdraft as per Cash Book means debit balance as per Cash Book.

Unsecured short term deposit made by one company with another (only in case of public company) a. ICD b. Overdraft c. Cash Credit d. Promissory Note

Description : Unsecured short term deposit made by one company with another (only in case of public company) a. ICD b. Overdraft c. Cash Credit d. Promissory Note

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What is bank overdraft ?

Description : What is bank overdraft ?

Last Answer : If the bank gives the owner of the current account a chance to withdraw the excess money from his deposit, he is called an overdraft. In this case the opportunity to withdraw money up to a certain limit is provided.

(i) Stock in trade, Bank overdraft, Bills receivable.

Description : (i) Stock in trade, Bank overdraft, Bills receivable.

Last Answer : Find the odd one : (i) Stock in trade, Bank overdraft, Bills receivable. (ii ... Income received in advance, Prepaid Expenses, Outstanding Expenses.

Interest on bank overdraft is recorded on _________ side of Pass Book. 

Description : Interest on bank overdraft is recorded on _________ side of Pass Book. 

Last Answer : Interest on bank overdraft is recorded on _________ side of Pass Book. (a) debit (b) credit (c) any (d) both

What is meant by Bank Overdraft?

Description : What is meant by Bank Overdraft?

Last Answer : What is meant by Bank Overdraft?

How to Recover Bank Account Overdraft Fees?

Description : How to Recover Bank Account Overdraft Fees?

Last Answer : WaitOnce you notice that you have an overdraft charge, you will need to wait until you know it has been posted. It does not matter if you see the charge online or if you just notice that your ... you do not need to worry about it for now.Call Customer ServiceOnce your overdraft fee and your deposit

Which of the following is not a type of Bank credit 1. Loan 2. Fixed deposit 3. Overdraft 4. All of these 5. None of these

Description : Which of the following is not a type of Bank credit 1. Loan 2. Fixed deposit 3. Overdraft 4. All of these 5. None of these

Last Answer : Fixed deposit

A. Bank overdraft B. Bills Payable C. Account Payable D. Retain earning

Description : A. Bank overdraft B. Bills Payable C. Account Payable D. Retain earning

Last Answer : D. Retain earning

X Ltd. purchased a car from Maruti Udyog Ltd. for Rs. 5,00,000. As per agreement Rs. 80,000 was to be paid in cash and the balance by issue of shares of Rs. 10 each at a premium of Rs. 5 per share. How many shares should X Ltd. issue to Maruti Udyog Ltd. for the car ? (A) 30,000 shares (B) 29,000 shares (C) 28,500 shares (D) 28,000 shares

Description : X Ltd. purchased a car from Maruti Udyog Ltd. for Rs. 5,00,000. As per agreement Rs. 80,000 was to be paid in cash and the balance by issue of shares of Rs. 10 each at a premium of Rs. 5 per share. How many ... . for the car ? (A) 30,000 shares (B) 29,000 shares (C) 28,500 shares (D) 28,000 shares

Last Answer : Answer: 28,000 shares

Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Description : Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Last Answer : Answer: Rs. 50,000

if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Description : if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Last Answer : This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html

Income and expenses for the year 2012 are– Fee Received in Cash – Rs.24,000 Accrued Fee – Rs.6,000 Rent for Chamber Paid – Rs.6,000 Outstanding Rent – Rs.2,000 Salary Paid to Staff – Rs.6,000 Miscellaneous Expenses Paid – Rs.200 Salary paid in advance to staff included in the above : Rs. 1,000. What is the income under accrual basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Description : Income and expenses for the year 2012 are- Fee Received in Cash - Rs.24,000 Accrued Fee - Rs.6,000 Rent for Chamber Paid - Rs.6,000 Outstanding Rent - Rs.2,000 Salary Paid to Staff - Rs.6,000 Miscellaneous Expenses Paid - Rs. ... basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Last Answer : Answer: Rs. 13,200

Cheque deposited into Bank increases the Bank balance as per Cash Book.

Description : Cheque deposited into Bank increases the Bank balance as per Cash Book.

Last Answer : State whether the following statement are True or False with reason : Cheque deposited into Bank increases the Bank balance as per Cash Book.

What is the meaning of tahabil balance in bank cash book?

Description : What is the meaning of tahabil balance in bank cash book?

Last Answer : Need answer

The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar authentication number. Aadhaar enabled basic types of banking do not include A. Balance Enquiry B. Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

Description : The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar ... . Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

Last Answer : C. Online Payment Explanation: Services Offered by AEPS: Balance Enquiry Cash Withdrawal Cash Deposit Aadhaar to Aadhaar Fund Transfer Gateway Authentication Services

When the opening balance of cash and cash equivalent is added to the net increase , the total will be the____________ a) Closing balance of cash b) Closing balance of bank c) Opening balance of bank d) Closing balance of cash and cash equivalent

Description : When the opening balance of cash and cash equivalent is added to the net increase , the total will be the____________ a) Closing balance of cash b) Closing balance of bank c) Opening balance of bank d) Closing balance of cash and cash equivalent

Last Answer : b) Closing balance of bank

Which option is not mentioned in a firm’s balance sheet? A) Cash held at the bank B) Revenue from sales of the company’s products C) Total issued capital D) Value of stocks of raw materials held

Description : Which option is not mentioned in a firm’s balance sheet? A) Cash held at the bank B) Revenue from sales of the company’s products C) Total issued capital D) Value of stocks of raw materials held

Last Answer : Answer: B

Consider the following schemas: Branch = (Branch-name, Assets, Branch-city) Customer = (Customer-name, Bank-name, Customer-city) Borrow = (Branch-name, loan-number, customer account-number) Deposit = (Branch-name, Account-number, Customer-name, Balance) Using relational Algebra, the query that finds customers who have balance more than 10,000 is ................. (A) πcustomer-name(σbalance> 10000(Deposit)) (B) σcustomer-name(σbalance> 10000(Deposit)) (C) πcustomer-name(σbalance> 10000(Borrow)) (D) σcustomer-name(σbalance> 10000(Borrow))

Description : Consider the following schemas: Branch = (Branch-name, Assets, Branch-city) Customer = (Customer-name, Bank-name, Customer-city) Borrow = (Branch-name, loan-number, customer account-number) Deposit = ... )) (C) πcustomer-name(σbalance> 10000(Borrow)) (D) σcustomer-name(σbalance> 10000(Borrow))

Last Answer : (A) πcustomer-name(σbalance> 10000(Deposit)) 

Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%

Description : Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%

Last Answer : Answer: 1•125 : 1

My buddy just called and said that his bank account was just hit for 11,000. He has been paying child support and has had his wages garnished. How can they just go in and take that money from him?

Description : My buddy just called and said that his bank account was just hit for 11,000. He has been paying child support and has had his wages garnished. How can they just go in and take that money from him?

Last Answer : Although it does not seem right, the government has the ability to do so, if he really finds the matter to be unethical because hes making his child support payments then he can contact an attorney to review the situation with

What is the impedance of a balance 4-wire with a diameter of 0.25 cm and spaced 2.5 cm apart using an insulator with a dielectric constant of 2.56? A. 100Ω B. 65Ω C. 75 Ω D. 50 Ω

Description : What is the impedance of a balance 4-wire with a diameter of 0.25 cm and spaced 2.5 cm apart using an insulator with a dielectric constant of 2.56? A. 100Ω B. 65Ω C. 75 Ω D. 50 Ω

Last Answer : A. 100Ω

A family spends ₹500 monthly as a fixed amount on milk and extra milk costs ₹ 20 per kg. Taking quantity of extra milk as x and total expenditure on milk as y. Write a linear equation and fill the table. -Maths 9th

Description : A family spends ₹500 monthly as a fixed amount on milk and extra milk costs ₹ 20 per kg. Taking quantity of extra milk as x and total expenditure on milk as y. Write a linear equation and fill the table. -Maths 9th

Last Answer : Solution :-

A and B can do a work in 12 days and 17 days respectively and with the help of C they complete the work in 5 days and earn ₹ 238. Find the share of B.

Description : A and B can do a work in 12 days and 17 days respectively and with the help of C they complete the work in 5 days and earn ₹ 238. Find the share of B.

Last Answer : A and B can do a work in 12 days and 17 days respectively and with the help of C they complete the work in 5 days and earn ₹ 238. Find the share of B.

Satish, Goel and Khan can do a particular job in 24,36 and 48 days respectively. If they start working together and are paid ₹ 5200 for their work, th

Description : Satish, Goel and Khan can do a particular job in 24,36 and 48 days respectively. If they start working together and are paid ₹ 5200 for their work, th

Last Answer : Satish, Goel and Khan can do a particular job in 24,36 and 48 days respectively. If they ... 5200 for their work, then find their individual shares.

In a small company, paid-up share capital does not exceed ₹ __________ or such higher amount as may be prescribed. 

Description : In a small company, paid-up share capital does not exceed ₹ __________ or such higher amount as may be prescribed. 

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1. Sales return book was overcast by ₹ 1,200. 

Description : 1. Sales return book was overcast by ₹ 1,200. 

Last Answer : The trial balance of Sagar did not agree. It showed an excess credit of ₹ 7,550. Sagar ... to rectify the above errors and prepare Suspense Account.

1 Received cheque from Head Cashier ₹ 2,700. 

Description : 1 Received cheque from Head Cashier ₹ 2,700. 

Last Answer : Enter the following transaction in an analytical petty cash book under the imprest system for the month of ... 27 Purchase a wooden chair for ₹ 275.