$5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.

Academy of PakistanTest & Learning

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Academy of PakistanTest & Learning

804Active Users

372AccountingMedium

A$10,000 will be credited

B$10,000 will be debited

C$5000 will be credited

D$5000 will be debited

Correct answer

C. $5000 will be credited

Explanation

$5000 will be credited is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

$5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book. - Answer and Explanation | Academy of Pakistan