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Abhimanyu Gupta is reading Foundation Accounts
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Students of CA Foundation can ask & resolve various queries in this group relating to Paper 1 of CA Foundation.
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In the point no 7 of the question,
The question is based on A.Philip…
Bank has many customer who maintain different account ….
In this case bank in their books of account has wrongly debited A.Philips account by 27,000 instead of debiting B.Philips….
Hence we need to reduce 27,000 to arrive at correct balance.