The bank statement shows an overdrawn balance of ₹ 2,000. A cheque for ₹ 500 drawn in favour of a creditor has not yet been presented for payment. When the creditor prevents the cheque for payment, the bank balance will be…………….
A. ₹ 1,500
B. ₹ 2,500 (overdrawn)
C. ₹ 2,500
D. ₹ 3,500
Answer:B
The bank statement shows an overdrawn balance of ₹ 2,000. A cheque for ₹ 500 drawn in favour of a creditor has not yet been presented for payment. When the creditor prevents the cheque for payment, the bank balance will be…………….
A. ₹ 1,500 B. ₹ 2,500 (overdrawn) C. ₹ 2,500 D. ₹ 3,500