The payment side of the Cash book has been undercast by Rs 150.
Can some solve this transaction please? Should i credit/debit this from Cash column or bank statement??
Answers
Answered by
11
First of all under cast means it was charged LESS than what was to be charged.
The payment side is the CREDIT side of the cashbook.
- If the payment was done by cheque ( bank ), then we CREDIT Bank
- And if the payment was done by cash, then we CREDIT Cash.
This is an error that affects the Trial Balance.
Hope it helps and pls mark Brainliest
Answered by
2
Answer:
payment side of cash book undercast
Explanation:
this line means it is charged less than what actually have to charged
the entry is
payment side of cash book undercast . minus side 200
IS IT OK?
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