Question

what is the balance in Chezhiyan's account as a result of a purchase for ₹1079, if he had an opening balance of ₹5000 in his account?​

Answer 1

Final Answer:

The balance in Chezhiyan's account as a result of a purchase for ₹1079, if he had an opening balance of ₹5000 in his account, is ₹3,921.00.

Given:

Chezhiyan did a purchase for ₹1079, while he had an opening balance of ₹5000 in his account.

To Find:

The balance in Chezhiyan's account as a result of a purchase for ₹1079, if he had an opening balance of ₹5000 in his account

Explanation:

The following key points can be noted.

• The opening balance in an account is the amount of initial money with which the calculation of accountancy starts.
• The opening balance in any account may decrease in value if the expenditures like that on purchases are solely added to the calculation.
• The balance refers to the amount that remains after all calculations of additions, subtractions, et. as per the situation.

Step 1 of 2

The balance in Chezhiyan's account (in ₹) is

= The opening balance in his account - The amount spent on  a purchase

Step 2 of 2

So, the balance in Chezhiyan's account (in ₹) is

$=5000-1079\\=3921$

Therefore, the required balance in Chezhiyan's account is ₹3,921.00, as a result of a purchase for ₹1079, while he had an opening balance of ₹5000 in his account.

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