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

Related Mcqs:

Unpresented checks also referred as____________?

A. Uncollected checks B. Uncredited checks C. Outstanding checks D. Bounced checks...

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.

A. $500 will be debited B. $500 will be credited C. Non-adjustable D. $1000 will be subtracted...

Standing orders are ________

A. Credited in the cash book B. Debited in the cash book C. Entered in the bank statement D. Entered in the petty cash balance...

Uncollected checks also referred as______________?

A. Unpresented checks B. Uncredited checks C. Outstanding checks D. Bounced checks...

___________ are checks that are issued by the business but not yet presented to bank

A. Uncollected checks B. Uncredited checks C. Outstanding checks D. Bounced checks...