The cash book shows a debit bank balance of Rs 50,000. Cheques of Rs 8,000 issued to suppliers have not yet been presented. Ignoring other items, what is the balance as per the bank statement?
Correct answer D. Rs 58,000
Explanation
The cheques are already deducted in the cash book but not yet by the bank, so the bank balance is higher: 50,000 + 8,000 = Rs 58,000.
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