What is the treatment of bank account at the time of introduction of capital?
The bank charged Rs 1,000 as bank charges to a client & communicates the same to him. The accountant records it in the bank account in books. Later on, the bank realised that the charges were wrongly charged & corrects the same, but forgot to communicate the same to the client. If the accountant is starting with the bank balance as per bank account in books, what will be the treatment in Bank Reconciliation Statement to arrive at balance as per bank statement:
Rohan has a recurring deposit account in State Bank of India of ₹2000 per month at the rate of 10% per annum. He receives ₹83100 at the time of maturity. What was the time period for which he held the account?
Rohan has a recurring deposit account in State Bank of India of Rs 2000 per month at the rate of 10% per annum. He receives Rs 83100 at the time of maturity. What was the time period for which he held the account?
Dinkar has a recurring deposit account in a bank for a time period of 3.5 years at 9.5 % p.a. He gets Rs 78638 at the time of maturity. What is his monthly installment?