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.
Correct answer B. $500 will be credited
Tip: press A, B, C or D to answer, and N for the next question.
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More Bank reconciliation statement questions
See allIn bank reconciliation statement the amount of outstanding checks is added to ____ balance of cash book.
Correct answer A. Adjusted
Which of the following error results in unadjusted cash book balance?
Correct answer A. Outstanding checks
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____ Checks that are presented to bank but not yet credited by the bank.
Correct answer B. Uncredited checks
Favorable balance of bank statement implies that
Correct answer A. Credit balance
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