Multiple Choice Questions on Bank charges Rs 5 000 debited in pass book twice by the bank If the unfavourable balance as per cash........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Bank charges Rs 5 000 debited in pass book twice by the bank If the unfavourable balance as per cash...........

General Accounting Principles Rectification of Errors
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    Bank charges Rs. 5,000 debited in pass book twice by the bank. If the unfavourable balance as per cash book is given then-

    Rs. 5,000 must be deducted

    Incorrect Answer

    Rs. 5,000 must be added

    Correct Answer

    Rs. 10,000 must be deducted

    Incorrect Answer

    Rs. 10,000 must be added

    Incorrect Answer
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    Explanation:

    Cash book – negative balance
                        -  bank charges  thus add it to the negative balance

    By: Munesh Kumari
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