Accounting MCQs Accounting Mcqs
Q Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book?
  • A A. bank charges will be debited in cash book
  • B B. bank charges will be added to cash book balance
  • C C. bank charges will be credited in cash book
  • D D. bank charges need no adjustment in cash book
Previous Bank reconciliation statement is prepared by___________…
Next Favorable balance of cash book implies that
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