Silicon Corporation is operating an official bank account with TIP Commercial Bank and is

enjoying a good credit history for the last 8 years. The Finance Manager of Silicon Corporation

considers the banking channel as a safe mode of payments and receipts. Therefore, most of the

transactions of Silicon are being done through banking system. But one day, upon scrutiny of

entries in the Corporation’s Cash Book and Pass Book of the official bank account, the finance

manager found the following discrepancies:

I. The cash book of Silicon Corporation showed an overdraft balance of Rs. 60,000 o

Question

Silicon Corporation is operating an official bank account with TIP Commercial Bank and is

enjoying a good credit history for the last 8 years. The Finance Manager of Silicon Corporation

considers the banking channel as a safe mode of payments and receipts. Therefore, most of the

transactions of Silicon are being done through banking system. But one day, upon scrutiny of

entries in the Corporation’s Cash Book and Pass Book of the official bank account, the finance

manager found the following discrepancies:

I. The cash book of Silicon Corporation showed an overdraft balance of Rs. 60,000 o

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