PRC-1 · Chapter 9 · Question 28 of 100
A cheque from a customer for Rs. 10,000 was returned dishonoured by the bank. The bank also charged Rs. 200 as a dishonour fee. What total amount should be credited to the cash book to adjust for this?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Rs. 10,200
Explanation
The cash book balance must be reduced by both the reversal of the original Rs. 10,000 receipt and the new Rs. 200 bank fee, requiring a total credit of Rs. 10,200.
More Bank Reconciliations MCQs
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