The bank statement shows a credit balance of Rs 60,000. Deposits not yet credited are Rs 5,000 and unpresented cheques are Rs 7,500. Ignoring other items, what is the cash book balance?
Correct answer D. Rs 57,500
Explanation
Starting from the bank statement: add deposits not yet credited and deduct unpresented cheques: 60,000 + 5,000 - 7,500 = Rs 57,500.
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