Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book?

A. Bank charges will be debited in cash book
B. Bank charges will be added to cash book balance
C. Bank charges will be credited in cash book
D. Bank charges need no adjustment in cash book

Correct Answer: Bank charges will be credited in cash book ✔

Last Updated: September 12, 2018