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Errors Committed in Recording Transactions

When overdraf...

Question

When overdraft as per Cash Book is the starting point, Bank charges of Rs 300 recorded twice in the pass book will be:

A

Added by Rs 300

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B

Deducted by Rs 300

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C

Deducted by Rs 600

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D

Added by Rs 600

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Solution

The correct option is B
Deducted by Rs 300

Since Rs 300 have been deducted extra in pass book, it shall be deducted in cash book also.

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