Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book.

Finance Questions · May 10, 2025

Choose the correct answer:

1. Bank charges will be credited in cash book ✓ (Correct Answer)
2. Bank charges need no adjustment in cash book
3. Bank charges will be added to cash book balance
4. Bank charges will be debited in cash book

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