PRC-1 · Chapter 9 · Question 60 of 100
If the receipt side of the cash book is found to be under-casted, what is the correcting entry in the cash book?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Debit the cash book
Explanation
The receipt side (debit side) is short due to a casting error. It requires an additional debit entry in the cash book to correct the total.
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