Accounting

Quiz #61

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Accounting Quiz - 25 Questions

1

A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book?
2

Unpresented checks also referred as____________?
3

In the Bank reconciliation statement “Deposit in transit” is usually:

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