Which type of error leads to an unadjusted balance in the cash book?
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Answer: A. Outstanding checks
Explanation
Omitting bank charges from the cash book leaves the cash book unadjusted, since the charge must still be recorded there. Outstanding checks are timing differences that need no cash book entry.
- Subject
- Accounting and Finance
- Category
- Accounting
- Topic
- —
- Difficulty
- medium
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