Raghav & Co. have two bank accounts, Account No. 1 and Account No. II. From the following particulars relating to Account no. I, find out the balance on that account on December 31, 2024 according to the Cash Book of the firm

Raghav & Co. have two bank accounts, Account No. 1 and Account No. II. From the following particulars relating to Account no. I, find out the balance on that account on December 31, 2024 according to the Cash Book of the firm.

(i) Cheques paid into bank prior to December 31, but not credted until after that date for ₹ 10,000.

(ii) Transfer of funds from Account No. II to Account No. I recorded by the bank on December 31, but entered in the Cash Book after that date for ₹ 8,000.

(iii) Cheques issued prior to December 31, but not presented until after that date for ₹ 7,429.

(iv) Bank charges debited by bank not entered in the Cash Book for ₹ 200.

(v) Interest debited by the bank not entered in the Cash Book ₹ 580.

(vi) Overdraft as per Pass Book ₹ 18,990.

[Ans. Overdraft as per Cash Book ₹ 23,639.]