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Errors Committed in Recording Transactions

If cash book ...

Question

If cash book is the starting point, then wrong credit given by a bank will be:

A

Added in cash book balance

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B

Added to cash book overdraft

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C

Deducted from cash book balance

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D

Added to pass book balance

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Solution

The correct option is A
Added in cash book balance

Since wrong credit has been given, it means bank balance is extra in the bank pass book that shall be added to cash book.

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If starting point is cash book balance, deductions in bank pass book not given to effect in cash book are ___ while preparing BRS.

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