alleryStart learning →Cash book Rs 40,000; bank paid premium Rs 2,500, collected dividend Rs 1,000. Adjusted?
ARs 41,500
BRs 37,500
CRs 38,500
DRs 43,500
Answer & Solution
Correct answer: C. Rs 38,500
Deduct the Rs 2,500 direct debit and add the Rs 1,000 dividend: 40,000 - 2,500 + 1,000 = 38,500.
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