New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Withdrawal column of the Pass Book showed a wrong entry

    of Rs. 112. When the balance as per Cash Book is the starting point.  
    A Rs 112 to be added Correct Answer Incorrect Answer
    B Rs 112 to be Subtracted Correct Answer Incorrect Answer
    C No adjustment is required Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    Rs. 112 need to be subtracted while preparing Bank Reconciliation to arrive at the balance as per pass- book.

    Practice Next