A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book

$2000 will be debited in cash book

$2000 will be credited in cash book

$4000 will be debited in cash book

$4000 will be credited in the cash book

$2000 will be credited in cash book

Financial Accounting Author: rikazzz

A. Cash

B. Goods

C. Debt

D. Investment

A. Noting charges account

B. Interest account

C. Discount account

D. Drawer’s account

A. Account title and description

B. Account title and date

C. Amount

D. Date

A. One part

B. Two parts

C. Three parts

D. Four parts

A. A current Asset

B. A fixed Asset

C. An intangible Asset

D. A wasting Asset

A. Debit Side of an account

B. Credit side of an account

C. Both sides of an account

D. None of the above

A. Trading Account

B. Profit and Loss Account

C. Balance sheet

D. Sales Account

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