Question #72764
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
Options:
Answer:
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 $3000 will be subtracted from cash book balance.
Question Screenshot
Accounting Related Questions
-
Q1.Building and furniture are called ____________?
-
Q2.When owner withdraw cash for its private use, it is called ___________?
-
Q3.Assets having physical existence are called ___________?
-
Q4.The assets which have some market value are called ____________?
-
Q5.The assets which come into existence upon the happening of a certain event are called__________?
-
Q6.Income earned but not received is called ____________?
-
Q7.Debts which are payable in the course of a month are called _____________?
-
Q8.The unsold goods are ______________?
-
Q9.The systems of accounting are _____________?
-
Q10.A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of____________?
Category
Test Your Knowledge
Want to practice more questions like this? Take a quiz in this category!
Take a Quiz