Q
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.
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A
A. $500 will be debited
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B
B. $500 will be credited
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C
C. non-adjustable
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D
D. $1000 will be subtracted
Correct Answer:
B. B. $500 will be credited
