Question

24. In cash book, an amount of 5,000 was not
recorded. Name the correct cash book
adjustment:
A. It will be credited in cash book
B. It will be debited in cash book,
C. No adjustment needed in the cash book
D. Charges will be added to the cash book
balance​

Answer 1

Answer:

see below

Explanation:

Bank charges is an expense for the business. It is credited in the cash book when paid as it reduces the balance as per cash book. Thus, bank charges of Rs. 5000 which have not been entered in the cash book will be credited in the cash book.