Payment made to supplier by cheque was entered on the wrong side in the cash book. This cheque has not been presented for payment till the month end. The effect of this will result ina.Decrease in Cash book balanceb.Decrease in Bank book balancec.Increase in Bank book balanced.Increase in Cash book balance pleses raply fast

Solution- Cheque issued but not presented for payment is a cheque which has been written and sent…

Answered: Payment made to supplier by cheque was…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Payment made to supplier by cheque was entered on the wrong side in the cash book. This cheque has not been presented for payment till the month end. The effect of this will result in

Decrease in Cash book balance

Decrease in Bank book balance

Increase in Bank book balance

Increase in Cash book balance

pleses raply fast

Definition Definition Financial journal in which only cash-related transactions are recorded. Cash transactions are posted chronologically in the cash book, which is also called a subsidiary book. All the cash receipts are recorded on the debit side and all the cash payments are recorded on the credit side. An important point to remember is that the cash book never shows a credit balance; only a debit balance is shown in the cash book.

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