A. $5000 will be credited
B. $5000 will be debited
C. $10,000 will be credited
D. $10,000 will be debited
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 company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found 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??
- Difference in Bank Balance as per Pass Book and Cash Book may arise on account of_____________??
- When bill discounted with the bank is dishonored??
- A cash book with cash, bank and discount column is commonly referred as________??
- Which of the following error is an error of principle?
- If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital Liabilities=$15000 What is the Amount of total assets??
- In bank reconciliation statement the amount of outstanding checks is added to ________ balance of cash book.?
