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Recording Interest on Capital & Drawings

Give the oppo...

Question

Give the opposite of: Depositing money in bank.

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Solution

The opposite of deposit is withdrawal. The opposite of given statement is Withdrawing money from bank.

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Q. Write the opposite of each of the following:

(i) Increase in population
(ii) Depositing money in a bank
(iii) Earning money
(iv) Going North
(v) Gaining a weight of 4 kg
(vi) A loss of Rs 1000
(vii) 25
(viii) −15

Q. Sapna earns Rs 12000 per month. She spends

\frac{7}{8}

of her income and deposits rest of the money in a bank. How much money does she deposit in the bank each month?

Banks give no interest on the money deposited in Savings Account.

Q. The benefit of depositing money in a bank is that _______.

Q. If a certain sum of money deposited in the bank give simple interest of ₹ 900 in 2 years at the rate of 10 p.c.p.a ,what was the amount of money that is deposited in bank?

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Recording Interest on Capital & Drawings

Standard XI Accountancy

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