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Read the following hypothetical Case Study and answer the given questions:On the 1st of May 2018, Shri Enterprises had a cash balance of ₹12,400 and a bank balance of ₹36,000. Mr. Ganesh, on of the debtors deposited a cheque worth ₹10,000 on the 3rd of May and on 5th May Mr. Suresh was paid via cheque of ₹7,700 for the full settlement of the account of ₹8,000. The cheque received on the 6th worth ₹12,000 from Mr. Xavier was deposited on the 7th of May. On the 8th ₹22,000 was received in cash and ₹8,000 was deposited in the bank. The cheque given by Mr. Xavier was dishonoured and for which ₹20 was paid as the bank charges. On the 20th of May, a bills receivable was discounted worth ₹10,000 at 1% through the bank. On the 26th the proprietor withdrew ₹10,000 from the bank for which he used ₹8,000 for office use.The amount recorded as drawings will be __________.a)₹2,000b)₹8,000c)₹10,000d)NilCorrect answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the following hypothetical Case Study and answer the given questions:On the 1st of May 2018, Shri Enterprises had a cash balance of ₹12,400 and a bank balance of ₹36,000. Mr. Ganesh, on of the debtors deposited a cheque worth ₹10,000 on the 3rd of May and on 5th May Mr. Suresh was paid via cheque of ₹7,700 for the full settlement of the account of ₹8,000. The cheque received on the 6th worth ₹12,000 from Mr. Xavier was deposited on the 7th of May. On the 8th ₹22,000 was received in cash and ₹8,000 was deposited in the bank. The cheque given by Mr. Xavier was dishonoured and for which ₹20 was paid as the bank charges. On the 20th of May, a bills receivable was discounted worth ₹10,000 at 1% through the bank. On the 26th the proprietor withdrew ₹10,000 from the bank for which he used ₹8,000 for office use.The amount recorded as drawings will be __________.a)₹2,000b)₹8,000c)₹10,000d)NilCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following hypothetical Case Study and answer the given questions:On the 1st of May 2018, Shri Enterprises had a cash balance of ₹12,400 and a bank balance of ₹36,000. Mr. Ganesh, on of the debtors deposited a cheque worth ₹10,000 on the 3rd of May and on 5th May Mr. Suresh was paid via cheque of ₹7,700 for the full settlement of the account of ₹8,000. The cheque received on the 6th worth ₹12,000 from Mr. Xavier was deposited on the 7th of May. On the 8th ₹22,000 was received in cash and ₹8,000 was deposited in the bank. The cheque given by Mr. Xavier was dishonoured and for which ₹20 was paid as the bank charges. On the 20th of May, a bills receivable was discounted worth ₹10,000 at 1% through the bank. On the 26th the proprietor withdrew ₹10,000 from the bank for which he used ₹8,000 for office use.The amount recorded as drawings will be __________.a)₹2,000b)₹8,000c)₹10,000d)NilCorrect answer is option 'A'. Can you explain this answer?.

Solutions for Read the following hypothetical Case Study and answer the given questions:On the 1st of May 2018, Shri Enterprises had a cash balance of ₹12,400 and a bank balance of ₹36,000. Mr. Ganesh, on of the debtors deposited a cheque worth ₹10,000 on the 3rd of May and on 5th May Mr. Suresh was paid via cheque of ₹7,700 for the full settlement of the account of ₹8,000. The cheque received on the 6th worth ₹12,000 from Mr. Xavier was deposited on the 7th of May. On the 8th ₹22,000 was received in cash and ₹8,000 was deposited in the bank. The cheque given by Mr. Xavier was dishonoured and for which ₹20 was paid as the bank charges. On the 20th of May, a bills receivable was discounted worth ₹10,000 at 1% through the bank. On the 26th the proprietor withdrew ₹10,000 from the bank for which he used ₹8,000 for office use.The amount recorded as drawings will be __________.a)₹2,000b)₹8,000c)₹10,000d)NilCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Read the following hypothetical Case Study and answer the given questions:On the 1st of May 2018, Shri Enterprises had a cash balance of ₹12,400 and a bank balance of ₹36,000. Mr. Ganesh, on of the debtors deposited a cheque worth ₹10,000 on the 3rd of May and on 5th May Mr. Suresh was paid via cheque of ₹7,700 for the full settlement of the account of ₹8,000. The cheque received on the 6th worth ₹12,000 from Mr. Xavier was deposited on the 7th of May. On the 8th ₹22,000 was received in cash and ₹8,000 was deposited in the bank. The cheque given by Mr. Xavier was dishonoured and for which ₹20 was paid as the bank charges. On the 20th of May, a bills receivable was discounted worth ₹10,000 at 1% through the bank. On the 26th the proprietor withdrew ₹10,000 from the bank for which he used ₹8,000 for office use.The amount recorded as drawings will be __________.a)₹2,000b)₹8,000c)₹10,000d)NilCorrect answer is option 'A'. 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On the 26th the proprietor withdrew ₹10,000 from the bank for which he used ₹8,000 for office use.The amount recorded as drawings will be __________.a)₹2,000b)₹8,000c)₹10,000d)NilCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Read the following hypothetical Case Study and answer the given questions:On the 1st of May 2018, Shri Enterprises had a cash balance of ₹12,400 and a bank balance of ₹36,000. Mr. Ganesh, on of the debtors deposited a cheque worth ₹10,000 on the 3rd of May and on 5th May Mr. Suresh was paid via cheque of ₹7,700 for the full settlement of the account of ₹8,000. The cheque received on the 6th worth ₹12,000 from Mr. Xavier was deposited on the 7th of May. On the 8th ₹22,000 was received in cash and ₹8,000 was deposited in the bank. The cheque given by Mr. Xavier was dishonoured and for which ₹20 was paid as the bank charges. On the 20th of May, a bills receivable was discounted worth ₹10,000 at 1% through the bank. On the 26th the proprietor withdrew ₹10,000 from the bank for which he used ₹8,000 for office use.The amount recorded as drawings will be __________.a)₹2,000b)₹8,000c)₹10,000d)NilCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Read the following hypothetical Case Study and answer the given questions:On the 1st of May 2018, Shri Enterprises had a cash balance of ₹12,400 and a bank balance of ₹36,000. Mr. Ganesh, on of the debtors deposited a cheque worth ₹10,000 on the 3rd of May and on 5th May Mr. Suresh was paid via cheque of ₹7,700 for the full settlement of the account of ₹8,000. The cheque received on the 6th worth ₹12,000 from Mr. Xavier was deposited on the 7th of May. On the 8th ₹22,000 was received in cash and ₹8,000 was deposited in the bank. The cheque given by Mr. Xavier was dishonoured and for which ₹20 was paid as the bank charges. On the 20th of May, a bills receivable was discounted worth ₹10,000 at 1% through the bank. On the 26th the proprietor withdrew ₹10,000 from the bank for which he used ₹8,000 for office use.The amount recorded as drawings will be __________.a)₹2,000b)₹8,000c)₹10,000d)NilCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following hypothetical Case Study and answer the given questions:On the 1st of May 2018, Shri Enterprises had a cash balance of ₹12,400 and a bank balance of ₹36,000. Mr. Ganesh, on of the debtors deposited a cheque worth ₹10,000 on the 3rd of May and on 5th May Mr. Suresh was paid via cheque of ₹7,700 for the full settlement of the account of ₹8,000. The cheque received on the 6th worth ₹12,000 from Mr. Xavier was deposited on the 7th of May. On the 8th ₹22,000 was received in cash and ₹8,000 was deposited in the bank. The cheque given by Mr. Xavier was dishonoured and for which ₹20 was paid as the bank charges. On the 20th of May, a bills receivable was discounted worth ₹10,000 at 1% through the bank. On the 26th the proprietor withdrew ₹10,000 from the bank for which he used ₹8,000 for office use.The amount recorded as drawings will be __________.a)₹2,000b)₹8,000c)₹10,000d)NilCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.