Question

Mr. Kumar maintains Cash Book to keep the records of his bank transactions. On March 31, 2012, the balance as

per his Cash Book stood at Rs 12,000. On comparing with the Pass Book, he found the following discrepancies.(4)

a) Cheques of Rs 16,000 deposited into bank out of which Rs 4,000 cleared in the month of April, 2012.

b) Bank credited interest of Rs 300 and debited charges of Rs 100 which was not recorded in the Cash Book.

c) A cheque of Rs 2,000 drawn in favour of Mr. Lalit was recorded twice in the Cash Book.​

Answer 1

98. Stock velocity = 180 days, Material consumed = 1,50,000, Closing me

= 62,500 units. Opening stock = ?

(a) 2,12,500 units

(b) 3,00,000 units

(c) 87.500 units

(d) 1,62,500 units