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 Overdraft as per Cash Book on 31st December Rs 10,540.

 Interest on overdraft for six months ending Dec. Rs 240.

 Interest on investments collected by bank Rs 300.

 Bank charges for the above period Rs 60.

 Cheques drawn but not cashed by the customers, prior to December Rs 2,500.

 6 Cheques paid into the bank, but not cleared before 31st December Rs 4,200.

 7 A Bill Receivable for Rs 1,000 (discounted with the bank in Nov.) was dishonored on
December 31st. (B.Com. Madurai, Kerala)

Trade payables - control accounts

The accounts payable control account or purchases ledger control account, is an account

maintained in the general ledger used to record summary transactions relating to accounts

payable. The balance on the accounts payable control account at any time reflects the amount

outstanding and due to suppliers by the business for credit purchases. (htt36)

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