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Commerce Exam  >  Commerce Questions  >  A opened an account with Rs. 5,000 on 3/12/09... Start Learning for Free
A opened an account with Rs. 5,000 on 3/12/09. He deposited Rs. 1,000 on 7/12/09. He withdraw Rs. 2,000 on 15/12/09 and deposited a cheque of Rs. 10,000 on 20/12/09. What is the balance on 31/12/09?
  • a)
    Rs. 18,000
  • b)
    Rs. 14,000
  • c)
    Rs. 4,000
  • d)
    None
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
A opened an account with Rs. 5,000 on 3/12/09. He deposited Rs. 1,000 ...
Calculation of balance on 31/12/09:

Opening balance on 3/12/09 = Rs. 5,000
Deposit on 7/12/09 = Rs. 1,000
Balance as on 7/12/09 = Rs. 6,000
Withdrawal on 15/12/09 = Rs. 2,000
Balance as on 15/12/09 = Rs. 4,000
Deposit of cheque on 20/12/09 = Rs. 10,000
Balance as on 20/12/09 = Rs. 14,000

Therefore, the balance on 31/12/09 will still be Rs. 14,000 as there is no further transaction mentioned. Hence, option B is the correct answer.
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Community Answer
A opened an account with Rs. 5,000 on 3/12/09. He deposited Rs. 1,000 ...
Balance = Deposited money - withdrawn money
= 5000+1000-2000+10000
= 14000
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A opened an account with Rs. 5,000 on 3/12/09. He deposited Rs. 1,000 on 7/12/09. He withdraw Rs. 2,000 on 15/12/09 and deposited a cheque of Rs. 10,000 on 20/12/09. What is the balance on 31/12/09?a)Rs. 18,000b)Rs. 14,000c)Rs. 4,000d)NoneCorrect answer is option 'B'. Can you explain this answer?
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A opened an account with Rs. 5,000 on 3/12/09. He deposited Rs. 1,000 on 7/12/09. He withdraw Rs. 2,000 on 15/12/09 and deposited a cheque of Rs. 10,000 on 20/12/09. What is the balance on 31/12/09?a)Rs. 18,000b)Rs. 14,000c)Rs. 4,000d)NoneCorrect answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A opened an account with Rs. 5,000 on 3/12/09. He deposited Rs. 1,000 on 7/12/09. He withdraw Rs. 2,000 on 15/12/09 and deposited a cheque of Rs. 10,000 on 20/12/09. What is the balance on 31/12/09?a)Rs. 18,000b)Rs. 14,000c)Rs. 4,000d)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A opened an account with Rs. 5,000 on 3/12/09. He deposited Rs. 1,000 on 7/12/09. He withdraw Rs. 2,000 on 15/12/09 and deposited a cheque of Rs. 10,000 on 20/12/09. What is the balance on 31/12/09?a)Rs. 18,000b)Rs. 14,000c)Rs. 4,000d)NoneCorrect answer is option 'B'. Can you explain this answer?.
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