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In cash book, bank charges amounting to RS. 5,000 was not recorded. Name the correct cash book adjustment
It will be credited in cash book
It will be debited in cash book
No adjustment needed in the cash book
Charges will be added to the cash book balance
Bank charges is an expense for the business. It is credited in the cash book when paid as it reduces the balance as per cash book. Thus, bank charges of Rs. 5000 which have not been entered in the cash book will be credited in the cash book.
By: Abhipedia ProfileResourcesReport error
Vinay Kumar
sir bank charge entry is :- Bank charges Dr. To bank account. please correct the option or guide to justify
Understood Sir! Much appreciated please.
your journal entry is right but when you will post in cash book it will go in credit as all payments are recorded in credit side of cash book
Ashok gauniyal
Bank charges not mentioned in the question
Kalash Bagul
ITS NOT GIVEN WHETHER IT IS BANK CHARGES OR WHAT SO ITS AN INCOMPLETE Q
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