A company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash book

A. $3000 will be added to cash book balance

B. $3000 will be subtracted from cash book balance

C. $2000 will be deducted from cash book balance

D. $1000 will be added to cash book balance

Found an error? Read our corrections policy and report it in the comments below.

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.