Question

Investment costing of rupee 24000 given to bank for bank overdraft of rupees 16800. the capital reduction is debited by repees______​

Answer 1

Answer:

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Answer 2

Given:

The investment cost = Rs. 24000

The overdraft amount = Rs. 16,800

To Find:

The capital reduction

Solution:

The overdraft is when excess money is withdrawn from the bank account than what is available in it.

The capital reduction amount = The investment cost - The overdraft amount

Thus,

For an investment costing of Rs.24000 and an overdraft amount of Rs.16800

The capital reduction is debited by

= 24000 - 16800

= 7200

Thus, the capital reduction is debited by rupees 7200.