The bank statement shows a credit balance of Rs 45,000. Bank charges of Rs 500 have not been entered in the cash book. Ignoring other items, what is the cash book balance?
Correct answer B. Rs 45,500
Explanation
The bank has already deducted the charges, but the cash book has not, so the cash book balance is higher: 45,000 + 500 = Rs 45,500.
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