rams account in the accounts payable ledger has a rs 2000 begining balance .after the transaction for rs 500 is posted from the purchases journal ,the balance in rams account
Answers
Answered by
0
the balance will be
rs 1500
rs 1500
Answered by
5
According to the question:
Ram has a minimum value of ₹2000 in his bank account.After purchasing the journal which costs ₹500,the residual amount in the Ram's account will be;
=₹2000-₹500-₹0(transaction charges,if any)-₹(minimum amount violation penalty charges,if any)
= <₹1500
So the Ram's account will contain less than ₹1500 after purchasing the journals.
Similar questions
English,
7 months ago
English,
7 months ago
Computer Science,
1 year ago
Chemistry,
1 year ago
English,
1 year ago