Question: Please find the below attached question and give the answer properly. 8. Shahanshah Limited issues cheques of Rs.50,000 daily and it takes 5 days for

Please find the below attached question and give the answer properly.

Please find the below attached question and give the answer properly. 8.

8. Shahanshah Limited issues cheques of Rs.50,000 daily and it takes 5 days for its cheques to be cleared. Shahanshah Limited receives cheques of Rs.80,000 daily and it takes 3 days for these cheques to WORKING CAPITAL MANAGEMENT QUESTIONS realised. Assume that there is a balance of Rs.100,000 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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