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Please find the below attached question and give the answer properly. 7. Smartlink Corporation issues cheques of Rs.10,000 daily and it takes 6 days for
Please find the below attached question and give the answer properly.
7. Smartlink Corporation issues cheques of Rs.10,000 daily and it takes 6 days for its cheques to be cleared. Smartlink Corporation receives cheques of Rs.30,000 daily and it takes 4 days for these cheques to be realised. Assume that there is a balance of Rs.80,000 to begin with; show the balance in the book of the firm and the books of the bank. What will be the balance in the steady state situation
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