Question
Company’s cash book shows ₹1,20,000 (CR) as at
year-end. Bank statement shows ₹1,05,000 (CR). Outstanding cheques total ₹20,000 and deposits-in-transit stand at ₹10,000. Additionally, bank charged ₹2,000 as service charges not yet recorded in books. Determine the corrected cash book balance at year-end.Solution
Here, we are correcting the cash book balance: • Starting balance (per cash book) = ₹1,20,000 (CR means positive balance). • Deduct bank charges not recorded = ₹1,20,000 − ₹2,000 = ₹1,18,000. The outstanding cheques and deposits in transit affect only the bank statement side, not the cash book correction. Final corrected cash book balance = ₹1,18,000.
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Conclusion: I. Q > D II. A > D
If the expressions G < L ≤ J > B, J ≤ A and G > H are true, which of the following conclusions will be definitely false?
Which of the following symbols should replace (1) and (2) respectively in the given expression in order to make the expression N > P definitely true?
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Conclusion:
I. G > K
II. K > J
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Conclusions:
I. E ≥ B
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Conclusions:
(i) B > D (ii) A > F (iii) F < E
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Conclusion: I. J > X II. D < N
...Statement: T>U<V<X=C>S ;U<P ≥X
I. T < P
II. P > S