A shoe manufacturer, M. Salim has to make a payment to the leather supplier, Prem and writes a cheque for a specific amount. This means that the shoe manufacturer instructs his bank to pay this amount to the leather supplier. The leather supplier takes this cheque, and deposits it in his own account in the bank. The money is transferred from one bank account to another bank account in a couple of days. The transaction is complete without any payment of cash. Tick the correct answer.After the transaction between Salim and Prem. (a) Salim's balance in his bank account increases, and Prem's balance increases. (b) Salines balance in his bank account decreases and Prem's balance increases. (c) Salim's balance in his bank account increases and Prem's balance decreases. (d) No change occurs in both Salim's and Prem's bank balances.
Answers
Answered by
18
(b) Salim's balance in his bank account decreases and Prem's balance increases.
Explanation:
Salim is the shoe maker and Prem is the leather supplier. Salim makes a payment to Prem. So money will be taken from Salim's bank account and transferred to Prem's bank account. So amount in Salim's bank account will decrease and amount in Prem's bank account will increase.
So option B is correct.
Answered by
4
Answer:
the order is 1,4,3,2
mark me as brainliest
Similar questions
Math,
5 months ago
Social Sciences,
5 months ago
Social Sciences,
11 months ago
Math,
1 year ago
Math,
1 year ago