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Classifying Items of Financial Statements

Which of the ...

Question

Which of the following error results in unadjusted cash book balance?

Outstanding cheques

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Unpresented cheques

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Deposit in transit

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Omission of Bank charges

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Solution

The correct option is C Omission of Bank charges
An unadjusted cash book balance is such balance in which the items only accounted in pass book have not been adjusted yet.
Omission of bank charges results in unadjusted cash book balance as it has already been accounted in the pass book but not in the cash book.

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2016
April 1	Balance of cash in hand ₹ 2,000 and at Bank ₹ 12,000.
3	Received cash from Madhav ₹ 1,800.
5	Cash Sales ₹ 1,000
6	Purchases by cheque ₹ 745.
9	Paid into Bank ₹ 1,850.
10	Paid cash for freight ₹ 54.
12	Drew from Bank for office use ₹ 600.
13	Issued a cheque in favour of M/s Arun & Sons for ₹ 985.
16	Paid into Bank ₹ 715.
17	Drew Cash for his son's birthday party ₹ 175.
19	Received a cheque from Navin for ₹ 380 and deposited it into bank on the same day.
20	Cash Sales ₹ 200.
25	Drew from Bank for office use ₹ 200.
26	Purchased furniture for ₹ 1,000 and payment made by cheque.
27	Navin's cheque dishonoured, Bank charges ₹ 5.
29	Purchased business premises, payment made by cheque ₹ 12,000.
30	Received cheque for ₹ 675 from Harish.

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