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BR
Question Practice

When adjusting the cash book for bank interest received, what type of entry is made?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Bank Reconciliation Statement
Question Bank

When adjusting the cash book f...

Single Answer MCQ
Q-00106896

When adjusting the cash book for bank interest received, what type of entry is made?

1

Credit the cash book

2

Debit the cash book

3

Credit sales account

4

Debit the interest expense

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Q1.

What does the bank reconciliation statement help to identify?

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Q2.

What should be added to the cash book balance to update it during reconciliation?

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Q3.

If a bank has directly credited an account with interest, how should this be handled in the cash book?

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Q4.

When cheques issued by a company are not presented for payment by the payee, what adjustments are made in the bank reconciliation statement?

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