Multiple Choice Questions on How will the amount wrongly debited by bank Rs 3600 be treated in BRS when there is an overdraft as ........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

How will the amount wrongly debited by bank Rs 3600 be treated in BRS when there is an overdraft as ...........

General Accounting Principles Rectification of Errors
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    How will the amount wrongly debited by bank Rs. 3600 be treated in BRS when there is an overdraft as per cash book

    Added in cash book balance

    Correct Answer

    Deducted in cash book

    Incorrect Answer

    Added in pass book

    Incorrect Answer

    Deducted in pass book

    Incorrect Answer
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    Explanation:

    The balance as per cash book is a bank overdraft so it is already negative and the balance debited by bank means it is deducted so it is another negative. Thus, in the overdraft balance it is added.

    By: Munesh Kumari
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