Answer :
To determine the amount deposited into the bank on 31st Dec 2020, let's summarize the transactions step-by-step:
1. Initial Cash in Hand: The organization starts with an initial cash balance of ₹4,300.
2. Add Cash Sales: Cash sales throughout the period are ₹8,000.
3. Add Amount Received from Anurag: Anurag contributed ₹1,200.
4. Add Interest Received: Interest received on investments is ₹350.
5. Total Cash Received: By adding all the amounts mentioned above, we get the total cash received:
[tex]\[ \text{Total Cash Received} = 4,300 + 8,000 + 1,200 + 350 = 13,850 \][/tex]
6. Paid into the Bank: An amount of ₹10,000 was deposited into the bank on the 11th of Dec.
7. Withdrawals:
- For expenses: ₹1,200 was withdrawn.
- For personal use: ₹1,050 was withdrawn.
8. Total Cash Spent: Sum of the amounts paid into the bank and withdrawn for payments:
[tex]\[ \text{Total Cash Spent} = 10,000 + 1,200 + 1,050 = 12,250 \][/tex]
9. Remaining Cash in Hand: Subtract the total cash spent from the total cash received to find the remaining cash:
[tex]\[ \text{Remaining Cash} = 13,850 - 12,250 = 1,600 \][/tex]
10. Cash to be Deposited into Bank: Since all cash in excess of ₹1,000 is to be deposited into the bank, the amount deposited will be:
[tex]\[ \text{Amount Deposited} = 1,600 - 1,000 = 600 \][/tex]
Considering all these steps, the correct answer for the amount deposited into the bank on 31st Dec 2020 is ₹600.
So, the correct option is not listed among a), b), c), or d).
1. Initial Cash in Hand: The organization starts with an initial cash balance of ₹4,300.
2. Add Cash Sales: Cash sales throughout the period are ₹8,000.
3. Add Amount Received from Anurag: Anurag contributed ₹1,200.
4. Add Interest Received: Interest received on investments is ₹350.
5. Total Cash Received: By adding all the amounts mentioned above, we get the total cash received:
[tex]\[ \text{Total Cash Received} = 4,300 + 8,000 + 1,200 + 350 = 13,850 \][/tex]
6. Paid into the Bank: An amount of ₹10,000 was deposited into the bank on the 11th of Dec.
7. Withdrawals:
- For expenses: ₹1,200 was withdrawn.
- For personal use: ₹1,050 was withdrawn.
8. Total Cash Spent: Sum of the amounts paid into the bank and withdrawn for payments:
[tex]\[ \text{Total Cash Spent} = 10,000 + 1,200 + 1,050 = 12,250 \][/tex]
9. Remaining Cash in Hand: Subtract the total cash spent from the total cash received to find the remaining cash:
[tex]\[ \text{Remaining Cash} = 13,850 - 12,250 = 1,600 \][/tex]
10. Cash to be Deposited into Bank: Since all cash in excess of ₹1,000 is to be deposited into the bank, the amount deposited will be:
[tex]\[ \text{Amount Deposited} = 1,600 - 1,000 = 600 \][/tex]
Considering all these steps, the correct answer for the amount deposited into the bank on 31st Dec 2020 is ₹600.
So, the correct option is not listed among a), b), c), or d).