Question

Question 118

You have Rs, 500 in your saving account at the beginning of the month. The record below, shows all of your transactions during the month. How much money is in your account after these transactions ?
$\begin{array}{ccccc}& & & & \\ \text{Cheque no.}& \text{Date}& \text{Transaction description}& \text{Payment}& \text{Deposit}\\ 384102& 4/9& \text{Jal Board}& \text{Rs.}120& \text{Rs.}200\\ 275146& 12/9& \text{Deposit}& & \\ 384103& 22/9& \text{LIC India}& \text{Rs.}240& \text{Rs.}150\\ 801351& 29/9& \text{Deposit}& & \end{array}$
How much money is in your account after these transactions ?

Answer 1

According to the question,
Already available amount = Rs.500
On 4/9 with cheque number 384102 withdraw Rs. 120.
Also, with cheque number 275146 on12/9 deposited amount was Rs. 200.
In the same way, on 22/9 with cheque number 384103, Rs 240 paid to LIC of India, also.
On 29/9 with cheque number 801351, the deposited amount was Rs 150.
Thus, net amount available in bank account will be
= Already saved amount + Deposited amount - Debited amount (paid amount)
= 500 +200 +150 - 120 - 240
= 850 + (-360) = Rs. 490