Question

You have ₹ 500 in your savings account at the beginning of the month. The record below shows all of your transactions during the month. How much money is in your account after these transactions?

Cheque No.	Date	Transaction Description	Payment	Deposit
384102	4/9	Jal Board Deposit	₹ 120	₹ 200
275146	12/9
384103	22/9	LIC India Deposit	₹ 240	₹ 150
801351	29/9

Answer 1

According to the question,

Already available amount = ₹ 500

On 4/9 with cheque number 384102 withdraw ₹ 120.

Also, with cheque number 275146 on 12/9 deposited amount was ₹ 200.

In the same way, on 22/9 with cheque number 384103, ₹ 240 paid to LIC of India, also.

On 29/9 with cheque number 801351, deposited amount was ₹ 150.

Thus, net amount available in bank account will be

= Already saved amount + Deposited amount – Debited amount (paid amount)

= 500 + 200 + 150 – 120 – 240

= 850 + (–360)

= ₹ 490