Raghav & Co. have two bank accounts. Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account of March 31, 2017 according to the cash book of the firm.    (5 marks)

(i) Cheques paid into bank prior to March 31, 2017, but not credited for Rs 10,000.

(ii) Transfer of funds from account No. II to account no. I recorded by the bank on March 31, 2017 but entered in the cash book after that date for Rs 8,000.

(iii) Cheques issued prior to March 31, 2017 but not presented until after that date for Rs 7,429.

(iv) Bank charges debited by bank not entered in the cash book for Rs 200.

(v) Interest Debited by the bank not entered in the cash book Rs 580.

(vi) Overdraft as per Passbook Rs 18,990.