Rs 5,000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.
Rs 5,000 shall be credited in cash book
Rs 5,000 shall be debited in cash book
Rs 10,000 shall be credited in cash book
Rs 10,000 shall be debited in cash book
The amount has been twice debited in cash book and hence it shall be once credited.
A company was entered in hire purchase agreement and had to pay Rs 1,000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash book.