Passbook Cr Rs 45,000; Rs 5,000 cheques deposited, not yet credited. Cash book?
ARs 50,000
BRs 40,000
CRs 55,000
DRs 45,000
Answer & Solution
Correct answer: A. Rs 50,000
The firm has already recorded the Rs 5,000 receipt but the bank has not, so the cash book is 45,000 + 5,000 = 50,000.
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