Direction: Read the information carefully and answer the questions based on the given informations below:In the books of Siva, the following transactions related to bills takes place,(i) Jan 9. Sold goods to Varun for Rs.34000 and draws a bill for 45 days.(ii) Mar 1. Sold goods to Bhuvanesh and draws a bill at three months for Rs.500000.But on May 1, he retires his acceptance under rebate of 12% p.a.(iii) Oct 1, Bill for 3 months was drawn on Sita for the amount of Rs.100000 owed by her. She accepted the bill. On Oct 3, Siva got the bill discounted with the bank for Rs.99000.Q. What will balance to be c/d in the cash account after preparing the ledgers?a)Rs.5200b)Rs.4000c)Rs.4900d)Rs.4300Correct answer is option 'D'. Can you explain this answer?

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Direction: Read the information carefully and answer the questions based on the given informations below:
In the books of Siva, the following transactions related to bills takes place,
(i) Jan 9. Sold goods to Varun for Rs.34000 and draws a bill for 45 days.
(ii) Mar 1. Sold goods to Bhuvanesh and draws a bill at three months for Rs.500000.
But on May 1, he retires his acceptance under rebate of 12% p.a.
(iii) Oct 1, Bill for 3 months was drawn on Sita for the amount of Rs.100000 owed by her. She accepted the bill. On Oct 3, Siva got the bill discounted with the bank for Rs.99000.

Q. What will balance to be c/d in the cash account after preparing the ledgers?

a)
Rs.5200
b)
Rs.4000
c)
Rs.4900
d)
Rs.4300

Correct answer is option 'D'. Can you explain this answer?

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Direction: Read the information carefully and answer the questions bas...

Calculation of Balance to be c/d in the cash account:

Given transactions:
(i) Sold goods to Varun for Rs.34000 and drew a bill for 45 days.
(ii) Sold goods to Bhuvanesh and drew a bill at three months for Rs.500000. Retired the acceptance under rebate of 12% p.a. on May 1.
(iii) Bill for 3 months was drawn on Sita for Rs.100000. She accepted the bill. Got the bill discounted with the bank for Rs.99000 on Oct 3.

Calculation:
- Varun's bill of Rs.34000 drawn for 45 days will mature after 45 days.
- Bhuvanesh's bill of Rs.500000 drawn for 3 months was retired on May 1 under a rebate of 12% p.a.
- Sita's bill of Rs.100000 drawn for 3 months was discounted for Rs.99000 on Oct 3.

Balance to be c/d in the cash account:
- Outgoing amount for Varun's bill = Rs.34000
- Incoming amount for Bhuvanesh's bill = Rs.500000 * 12% * (2/12) = Rs.10000
- Incoming amount for Sita's bill = Rs.100000 - Rs.99000 = Rs.1000
Therefore, the net effect on the cash account:
Rs.34000 - Rs.10000 + Rs.1000 = Rs.4300
Therefore, the balance to be c/d in the cash account after preparing the ledgers is Rs.4300.

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Direction: Read the information carefully and answer the questions bas...

When the cash account was prepared, the debit side will contain Rs.8300
(Opening balance of Rs.8000 and Rahim's account for bad debts Rs.300.) and The credit side will contain Rs.4000.
(Purchase account of Rs.3800 for purchase on Jan1 and Rs.200 for installation charge of machinery on Jan 12.)
Therefore the balance to be carried down in the cash account will be Rs.4300 on credit side.

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Direction: Read the information carefully and answer the questions based on the given informations below:In the books of Siva, the following transactions related to bills takes place,(i) Jan 9. Sold goods to Varun for Rs.34000 and draws a bill for 45 days.(ii) Mar 1. Sold goods to Bhuvanesh and draws a bill at three months for Rs.500000.But on May 1, he retires his acceptance under rebate of 12% p.a.(iii) Oct 1, Bill for 3 months was drawn on Sita for the amount of Rs.100000 owed by her. She accepted the bill. On Oct 3, Siva got the bill discounted with the bank for Rs.99000.Q. What will balance to be c/d in the cash account after preparing the ledgers?a)Rs.5200b)Rs.4000c)Rs.4900d)Rs.4300Correct answer is option 'D'. Can you explain this answer?

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Direction: Read the information carefully and answer the questions based on the given informations below:In the books of Siva, the following transactions related to bills takes place,(i) Jan 9. Sold goods to Varun for Rs.34000 and draws a bill for 45 days.(ii) Mar 1. Sold goods to Bhuvanesh and draws a bill at three months for Rs.500000.But on May 1, he retires his acceptance under rebate of 12% p.a.(iii) Oct 1, Bill for 3 months was drawn on Sita for the amount of Rs.100000 owed by her. She accepted the bill. On Oct 3, Siva got the bill discounted with the bank for Rs.99000.Q. What will balance to be c/d in the cash account after preparing the ledgers?a)Rs.5200b)Rs.4000c)Rs.4900d)Rs.4300Correct answer is option 'D'. Can you explain this answer? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Direction: Read the information carefully and answer the questions based on the given informations below:In the books of Siva, the following transactions related to bills takes place,(i) Jan 9. Sold goods to Varun for Rs.34000 and draws a bill for 45 days.(ii) Mar 1. Sold goods to Bhuvanesh and draws a bill at three months for Rs.500000.But on May 1, he retires his acceptance under rebate of 12% p.a.(iii) Oct 1, Bill for 3 months was drawn on Sita for the amount of Rs.100000 owed by her. She accepted the bill. On Oct 3, Siva got the bill discounted with the bank for Rs.99000.Q. What will balance to be c/d in the cash account after preparing the ledgers?a)Rs.5200b)Rs.4000c)Rs.4900d)Rs.4300Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the information carefully and answer the questions based on the given informations below:In the books of Siva, the following transactions related to bills takes place,(i) Jan 9. Sold goods to Varun for Rs.34000 and draws a bill for 45 days.(ii) Mar 1. Sold goods to Bhuvanesh and draws a bill at three months for Rs.500000.But on May 1, he retires his acceptance under rebate of 12% p.a.(iii) Oct 1, Bill for 3 months was drawn on Sita for the amount of Rs.100000 owed by her. She accepted the bill. On Oct 3, Siva got the bill discounted with the bank for Rs.99000.Q. What will balance to be c/d in the cash account after preparing the ledgers?a)Rs.5200b)Rs.4000c)Rs.4900d)Rs.4300Correct answer is option 'D'. Can you explain this answer?.

Solutions for Direction: Read the information carefully and answer the questions based on the given informations below:In the books of Siva, the following transactions related to bills takes place,(i) Jan 9. Sold goods to Varun for Rs.34000 and draws a bill for 45 days.(ii) Mar 1. Sold goods to Bhuvanesh and draws a bill at three months for Rs.500000.But on May 1, he retires his acceptance under rebate of 12% p.a.(iii) Oct 1, Bill for 3 months was drawn on Sita for the amount of Rs.100000 owed by her. She accepted the bill. On Oct 3, Siva got the bill discounted with the bank for Rs.99000.Q. What will balance to be c/d in the cash account after preparing the ledgers?a)Rs.5200b)Rs.4000c)Rs.4900d)Rs.4300Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Bank Exams. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free.

Here you can find the meaning of Direction: Read the information carefully and answer the questions based on the given informations below:In the books of Siva, the following transactions related to bills takes place,(i) Jan 9. Sold goods to Varun for Rs.34000 and draws a bill for 45 days.(ii) Mar 1. Sold goods to Bhuvanesh and draws a bill at three months for Rs.500000.But on May 1, he retires his acceptance under rebate of 12% p.a.(iii) Oct 1, Bill for 3 months was drawn on Sita for the amount of Rs.100000 owed by her. She accepted the bill. On Oct 3, Siva got the bill discounted with the bank for Rs.99000.Q. What will balance to be c/d in the cash account after preparing the ledgers?a)Rs.5200b)Rs.4000c)Rs.4900d)Rs.4300Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Read the information carefully and answer the questions based on the given informations below:In the books of Siva, the following transactions related to bills takes place,(i) Jan 9. Sold goods to Varun for Rs.34000 and draws a bill for 45 days.(ii) Mar 1. Sold goods to Bhuvanesh and draws a bill at three months for Rs.500000.But on May 1, he retires his acceptance under rebate of 12% p.a.(iii) Oct 1, Bill for 3 months was drawn on Sita for the amount of Rs.100000 owed by her. She accepted the bill. On Oct 3, Siva got the bill discounted with the bank for Rs.99000.Q. What will balance to be c/d in the cash account after preparing the ledgers?a)Rs.5200b)Rs.4000c)Rs.4900d)Rs.4300Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Direction: Read the information carefully and answer the questions based on the given informations below:In the books of Siva, the following transactions related to bills takes place,(i) Jan 9. Sold goods to Varun for Rs.34000 and draws a bill for 45 days.(ii) Mar 1. Sold goods to Bhuvanesh and draws a bill at three months for Rs.500000.But on May 1, he retires his acceptance under rebate of 12% p.a.(iii) Oct 1, Bill for 3 months was drawn on Sita for the amount of Rs.100000 owed by her. She accepted the bill. On Oct 3, Siva got the bill discounted with the bank for Rs.99000.Q. What will balance to be c/d in the cash account after preparing the ledgers?a)Rs.5200b)Rs.4000c)Rs.4900d)Rs.4300Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Direction: Read the information carefully and answer the questions based on the given informations below:In the books of Siva, the following transactions related to bills takes place,(i) Jan 9. Sold goods to Varun for Rs.34000 and draws a bill for 45 days.(ii) Mar 1. Sold goods to Bhuvanesh and draws a bill at three months for Rs.500000.But on May 1, he retires his acceptance under rebate of 12% p.a.(iii) Oct 1, Bill for 3 months was drawn on Sita for the amount of Rs.100000 owed by her. She accepted the bill. On Oct 3, Siva got the bill discounted with the bank for Rs.99000.Q. What will balance to be c/d in the cash account after preparing the ledgers?a)Rs.5200b)Rs.4000c)Rs.4900d)Rs.4300Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Read the information carefully and answer the questions based on the given informations below:In the books of Siva, the following transactions related to bills takes place,(i) Jan 9. Sold goods to Varun for Rs.34000 and draws a bill for 45 days.(ii) Mar 1. Sold goods to Bhuvanesh and draws a bill at three months for Rs.500000.But on May 1, he retires his acceptance under rebate of 12% p.a.(iii) Oct 1, Bill for 3 months was drawn on Sita for the amount of Rs.100000 owed by her. She accepted the bill. On Oct 3, Siva got the bill discounted with the bank for Rs.99000.Q. What will balance to be c/d in the cash account after preparing the ledgers?a)Rs.5200b)Rs.4000c)Rs.4900d)Rs.4300Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Bank Exams tests.

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