# 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? with Answer - Accounting Mcqs | TestPrep

> Solved MCQ: 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 Correct Answer: D. $3000 will be subtracted from cash book balance. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# 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

Direct Answer & Quick Reference

The correct option is **D. $3000 will be subtracted from cash book balance**.

A. $1000 will be added to cash book balance

B. $2000 will be deducted from cash book balance

C. $3000 will be added to cash book balance

D. $3000 will be subtracted from cash book balance **(Correct Answer)**

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Verified Key: D. $3000 will be subtracted from cash book balance
Solved by 5,460+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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