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) $500 will be debited
(B) $500 will be credited
(C) Non-adjustable
(D) $1000 will be subtracted
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.
| Share this... |
 Facebook
|
 Twitter
|
 Linkedin
|
 Whatsapp
|
Related Mcqs
- Previous:___________ are checks that are issued by the business but not yet presented to bank
- Next:In bank reconciliation statement the amount of outstanding checks is added to ________ balance of cash book.
Leave a Reply
Your email address will not be published. Required fields are marked *
