A. Credited in the cash book
B. Debited in the cash book
C. Entered in the bank statement
D. Entered in the petty cash balance
Related Mcqs:
- Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book??
- The Bank Reconciliation Statement is prepared??
- Which of the following statements is/are true ??
- Which of these documents is not required for Bank Reconciliation??
- Benefits of preparing Bank Reconciliation Statement includes___________??
- Bank reconciliation is a statement prepared to reconcile__________??
- 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??
- Favorable balance of cash book implies that?
- 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 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?
