Answer :
To determine the total amount of money available for the company, we need to sum up the initial bank balance and the initial cash on hand. Here is the detailed, step-by-step solution to find the total balance:
1. Identify the initial bank balance: The company has an initial bank balance of Rs 225,000.
2. Identify the initial cash on hand: The company has initial cash on hand amounting to Rs 275,000.
3. Sum the bank balance and cash:
- Add the bank balance (Rs 225,000) to the cash (Rs 275,000).
[tex]\( \text{Total Balance} = \text{Bank Balance} + \text{Cash} \)[/tex]
[tex]\( \text{Total Balance} = 225,000 + 275,000 \)[/tex]
By summing these amounts, we get:
Total Balance = Rs 500,000
Therefore, the total amount of money available for the company is Rs 500,000.
1. Identify the initial bank balance: The company has an initial bank balance of Rs 225,000.
2. Identify the initial cash on hand: The company has initial cash on hand amounting to Rs 275,000.
3. Sum the bank balance and cash:
- Add the bank balance (Rs 225,000) to the cash (Rs 275,000).
[tex]\( \text{Total Balance} = \text{Bank Balance} + \text{Cash} \)[/tex]
[tex]\( \text{Total Balance} = 225,000 + 275,000 \)[/tex]
By summing these amounts, we get:
Total Balance = Rs 500,000
Therefore, the total amount of money available for the company is Rs 500,000.
