Please help ...its urgent .asap
Dear Student
Here Closing Cash balance is 21000 because in question under receipts & Payments A/c Opening Cash is taken as 15000 rather than 16000 so if we correct the same resulting actual cash balance will be 21000.
Regards
Here Closing Cash balance is 21000 because in question under receipts & Payments A/c Opening Cash is taken as 15000 rather than 16000 so if we correct the same resulting actual cash balance will be 21000.
Regards