Bank had wrongly allowed interest of 5000 which reversed on 5 April.
Find cash book balance
This entry would be in plus or minus items? Brs as per 31 march. Answer with explanation kindly.. Its urgent
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Answer:
if u doing BRS as per bank balance
add 5,000
coz bank wrongly charged interest so to make our cash book equal we have add them back.
if u doing BRS as per cash book balance
less 5,000
coz bank wrongly charged interest so bank is decreasing so even we have to decrease our cash book balance
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