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Question

Ram had borrowed a loan of Rs 1,00,000 from his friend to whom he used to repay Rs 20,000 on the 10th of each month & simultaneously he used to put this entry into the cash book of his firm. His friend was out of country in the month of August & he forgot to put the cheque into his bank. Which of the following shall be true?


A

Cash book will show a balance more by Rs 20,000

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B

Bank book will show a balance more by Rs 20,000

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C

Cash book will show a balance less by Rs 20,000

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D

Both B & C

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Solution

The correct option is D

Both B & C


Cash book will show a less balance by Rs 20,000 & bank pass book shall show a more balance by Rs 20,000.


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