The cash book shows an overdraft of Rs 15,000. Cheques of Rs 2,000 paid into the bank have not yet been credited. Ignoring other items, what is the overdraft as per the bank statement?
Correct answer A. Rs 17,000
Explanation
The cash book has reduced the overdraft for the deposit, but the bank has not yet credited it, so the bank overdraft is larger: 15,000 + 2,000 = Rs 17,000.
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