Two bills of Rs $6075$ and Rs $8505$ respectively are to be paid separately by cheque of same amount. Find the largest possible amount of each cheque.

1230

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1215

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1118

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1020

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Solution

The correct option is B $1215$
Largest possible amount of cheque will be the $H C F (6075, 8505)$ .
Applying Euclid's division lemma to $8505$ and $6075$ , we have $8505 = 6075 \times 1 + 2430$
Since, remainder $2430 \neq 0$ again applying division lemma to $6075$ and $2430$
$6075 = 2430 \times 2 + 1215$
Again remainder $1215 \neq 0$
So, again applying the division lemma to $2430$ and $1215$
$2430 = 1215 \times 2 + 0$
Here the remainder is zero
So, $H C F = 1215$
Therefore, the largest possible amount of each cheque will be $1215$ .

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Record the following transactions of Mr. Chavan in a cash book with cash and bank columns for the month April. 2011.

2011 Apr.
1	Cash Balance Rs 56,000 Bank overdraft Rs 11,000.
3	Purchased goods for Rs 13,000 for cash at 2% cash discount.
6	Received a bearer cheque for Rs 13,250 in full settlement of Rs 13,500 from Govind Traders.
9	Purchased 100 shares of Amar Ltd. of Rs 100 each at Rs 110 each and paid by cheque the
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11	Sold goods of Rs 7,000 at 5% cash discount to Pramod and he paid half the amount immediately.
14	Deposited into bank Rs 11,000.
17	Received a crossed cheque for Rs 18,000 from Gajanan Traders.
20	Bank paid our telephone bill Rs 3,230.
21	Bank charged Rs 540 as interest on overdraft.
22	Paid by cheque to Urmila Rs 8,000.
25	Deposited into bank the cheque received from Govind Traders.
27	Received a bearer cheque for Rs 3,460 for rent which was deposited into bank.
29	Bank informed that the cheque received for rent was dishonoured.
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Solve the following:

The amounts collected by cheque in a Rural Bank from Monday to Saturday are Rs. 2,051.80; Rs. 4,505.95; Rs. 8,070.60; Rs. 12,050.40; Rs. 6,500 and Rs. 5,063.25. Find the total amount collected.

Journalise the following transaction in the books of Sethi and Brothers for the month of April, 2012.

Balance on 1st April 2012

Cash at Bank Rs 2,00,000, Cash in hand Rs 2,500; Computer & Printer Rs 90,000 Land & Building Rs 1,80,000; Sundry Debtors Rs 15,000; Bills Receivable Rs 10,000; Sundry Creditors Rs 14,000; Bills Payable Rs 5,000.

Transactions during the month of April were as follows:-

2012 April	1	Purchased goods from Meeta worth Rs 40,000 at 10% trade discount and paid 1/4 amount in cash and 1/4 amount by cheque, for which 5% cash discount is allowed.
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	11	Paid Telephone Bill of Proprietor’s house Rs 700.
	14	Paid House Rent Rs 1,500.
	20	Received goods as free samples Rs 2,000.
	23	Purchased Furniture Rs 30,000.
	23	Paid carriage Rs 300 on the above furniture.
	25	Goods worth Rs 6,000 were destroyed by fire and Insurance company admitted a claim to the extent of Rs 4,000.
	27	Paid income tax Rs 6,000.
	28	Paid for printing and stationery Rs 2,000.
	29	Transferred Rs 20,000 from private bank of proprietor to business Bank of Maharashtra A/c.
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Bills payables discharged Rs. 37,200.
Cash sales deposited Rs. 34,400,
Cash Purchases Rs. 2,000 (by cheque).
Capital introduced on Rs. 10,000,
Drawings Rs. 30,000,
Commission received Rs. 6,000,
Wages paid Rs. 48,000,
Salaries paid Rs. 26,000,
Rent paid Rs. 17,600,
Insurance premium paid Rs. 3,200,
Carriage inwards paid Rs. 1,000,
Advertising paid Rs. 1,320
Bank balance as at April 1, 2017 Rs 17,400.

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Two bills of Rs 6075 and Rs 8505 respectively are to be paid separately by cheque of same amount. Find the largest possible amount of each cheque.

Two bills of Rs $6075$ and Rs $8505$ respectively are to be paid separately by cheque of same amount. Find the largest possible amount of each cheque.