alleryStart learning →Cash book overdraft Rs 12,000; Rs 4,000 cheques unpresented. Passbook shows?
AOverdraft Rs 12,000
BOverdraft Rs 8,000
CCredit Rs 8,000
DOverdraft Rs 16,000
Answer & Solution
Correct answer: B. Overdraft Rs 8,000
The bank has not yet paid Rs 4,000 of the cheques, so its overdraft is smaller: 12,000 - 4,000 = 8,000.
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