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A cheque of Rs. 1,000 which was received from a customer was entered in the bank column of cash book in March, 1979. The pass book shows a credit of Rs. 2,500 for interest and debit of Rs.1000 for bank charges. The balance as per cash book was Rs. 1,80,000 on 31st march 1979. B) The Rs 1,00,000 figure for inventory on a Balance Sheet is the amount for which it could be sold on the Balance Sheet date.
A cheque of Rs. 1,000 which was received from a customer was entered in the bank column of cash book in March, 1979. The pass book shows a credit of Rs. 2,500 for interest and debit of Rs.10…