Accounting Mcqs

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

(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

(D) $3000 will be subtracted from cash book balance

Submitted By: Ali Uppal


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