PRC-1 · Chapter 9 · Question 41 of 100
The unadjusted cash book shows a favorable balance of Rs. 25,000. Bank charges are Rs. 1,000. A direct deposit from a customer is Rs. 4,000. A dishonoured cheque is Rs. 2,000. What is the adjusted cash book balance?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Rs. 26,000
Explanation
Adjusted balance = 25,000 (Unadjusted) - 1,000 (Bank charges) + 4,000 (Direct deposit) - 2,000 (Dishonoured cheque) = Rs. 26,000.
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