Which of the following error results in unadjusted cash book balance?
Correct answer A. Outstanding checks
Subject / 386 questions
Accounting MCQs
Page 20 of Accounting multiple-choice questions with answers. Tap an option to check yourself.
Page 20 of 20
____ 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
Advertisement
Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.
Correct answer A. $2000
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
Correct answer D. $3000 will be subtracted from cash book balance
$5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.
Correct answer A. $5000 will be credited