PRC-1 · Chapter 9 · Question 74 of 100
The unadjusted cash book shows a debit balance of Rs. 50,000. Bank charges are Rs. 1,500. A cheque from a customer for Rs. 5,000 is dishonoured. A direct credit from a customer is Rs. 10,000. What is the adjusted cash book balance?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Rs. 53,500
Explanation
Adjusted balance = 50,000 (Debit) - 1,500 (Bank charges) - 5,000 (Dishonoured cheque) + 10,000 (Direct credit) = Rs. 53,500.
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