Accounting MCQs Accounting Mcqs
Q 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 A. $1000 will be added to cash book balance
  • B B. $2000 will be deducted from cash book balance
  • C C. $3000 will be added to cash book balance
  • D D. $3000 will be subtracted from cash book balance
Previous Balance as per cash book(adjusted.=$1000, Unpresented c…
Next $5000 deposited in bank account was entered twice in th…
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16 Jul
Volatile
(of a substance) easily evaporated at normal temperatures.
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