Investment costing of 24,000 given to
Bank for bank overdraft of 16.800. The
capital reduction is debited by
Answers
Answered by
1
The capital reduction is debited by 16800
Step-by-step explanation:
Given:
Investment cost = Rs. 24000
Overdraft amount = Rs. 16,800
To find out:
Capital reduction
Solution:
The overdraft is for payment in excess of current balance
Thus,
For an investment costing 24000 and overdraft amount 16800
The capital reduction is debited by
= 24000 - 16800
= 7200
Hope this answer is helpful.
Know More:
Q: an overdraft of rupees 50,000 has to be paid back in annual equal installments find the value of installment if the interest is 14% compounded annually
Click Here: https://brainly.in/question/12967798
Answered by
0
Answer:2
Step-by-step explanation:
Similar questions