📒
A company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash book
Accountingmedium
A$1000 will be added to cash book balance
B$2000 will be deducted from cash book balance
C$3000 will be added to cash book balance
$3000 will be subtracted from cash book balance
Correct Answer: D. $3000 will be subtracted from cash book balance
Related Questions
Accounting
The assets which have some market value are called ____________?
Accounting
Assets having physical existence are called ___________?
Accounting
When owner withdraw cash for its private use, it is called ___________?
Accounting
Building and furniture are called ____________?
Accounting
Which of the following is true about a trial balance?