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Exam CWM_LEVEL_1 topic 1 question 53 discussion

Actual exam question from AAFM India's CWM_LEVEL_1
Question #: 53
Topic #: 1
[All CWM_LEVEL_1 Questions]

Manmeet a 29 years old person has joined Met Life on 1/07/2011. His monthly salary (net salary) after deduction is Rs. 45000/. His monthly expenses details are as follows:

Assume Manmeet has taken his flat on rent from 01/07/2011. On 01/07/2011 he has cash in hand Rs.15000/-. What will be his cash in hand on 31/05/2012?

  • A. Rs. 195,000/-
  • B. Rs. 235,000/-
  • C. Rs. 185,000/-
  • D. None of the above
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Suggested Answer: A 🗳️
by SABANARA at Sept. 30, 2023, 9:05 p.m.

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SABANARA
7 months, 1 week ago
YOUR ANSWER IS WRONG AND CORRECT ANSWER IS (b) IE., Rs.235000/-. explanation: Salary for 11 months @ Rs.45000/- + Cash in Hand Rs.15000 - expesnes @ Rs.25000/- for 11 months (495000 + 15000 - 275000 = 235000)
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