A. $1000 will be added to cash book balance
B. $2000 will be deducted from cash book balance
C. $3000 will be added to cash book balance
D. $3000 will be subtracted from cash book balance
Related Mcqs:
- Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book??
- Bank sent debit advice of $500 to company being interest on overdraft. It wasn’t entered in cash book. Identify the correct adjustment in cash book.?
- A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book??
- $5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.?
- A cash book that is used to record the small payments of cash is generally referred as_________??
- The accountant of Leo Ltd. recorded a payment by cheque to a creditor for supply of materials as 1,340.56. The bank recorded the cheque at its correct amount of 3,140.56. The Company has not passed any rectification entries and the error is not detected through the bank reconciliation. The impact of this error is?
- A cash book with cash, bank and discount column is commonly referred as________??
- Favorable balance of cash book implies that?
- Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.?
- Cash book with cash and discount column is mostly referred as________??
