Accounting Mcqs - Page 39 of 39

A. $1000 will be added to cash book balance
B. $2000 will be deducted from cash book balance
C. $3000 will be added to cash book balance
D. $3000 will be subtracted from cash book balance

In bank reconciliation statement the amount of outstanding checks is added to …….. balance of cash book.

Which of the following error results in unadjusted cash book balance?

……… Checks that are presented to bank but not yet credited by the bank.

Favorable balance of bank statement implies that

Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.

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

$5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.

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