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Management Sciences
MEDIUM
ENGLISH
Management Sciences
Bank sent debit advice of $500 to company being interest on overdraft. It wasn’t entered in cash book. Identify the correct adjustment in cash book.
A
$500 will be debited
Option A
$500 will be credited
Correct answer
C
Non-adjustable
Option C
D
$1000 will be subtracted
Option D
Correct answer: B
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