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Question 88

On 31st March 2024, the cash balance of a company is ₹4,00,000. During April, cash receipts are ₹3,20,000 and cash payments are ₹2,80,000. Outstanding…

On 31st March 2024, the cash balance of a company is ₹4,00,000. During April, cash receipts are ₹3,20,000 and cash payments are ₹2,80,000. Outstanding salary is ₹20,000. What is the cash balance on 30th April?
  1. A₹4,20,000
  2. B₹4,40,000
  3. C₹4,60,000
  4. D₹4,00,000
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Correct answer: (B) ₹4,40,000

Explanation

Closing cash = 4,00,000 + 3,20,000 − 2,80,000 = ₹4,40,000. Outstanding salary has not been paid in cash, so it does not reduce the cash balance.

From DSSSB TGT Computer Science Practice Set 1

This is question 88 of DSSSB TGT Computer Science Practice Set 1. See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.