# 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? with Answer - Accounting Mcqs | TestPrep

> Solved MCQ: 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? Correct Answer: B. $2000 will be credited in cash book. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# 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?

Direct Answer & Quick Reference

The correct option is **B. $2000 will be credited in cash book**.

A. $2000 will be debited in cash book

B. $2000 will be credited in cash book **(Correct Answer)**

C. $4000 will be debited in cash book

D. $4000 will be credited in the cash book

✨ Explain with AI

Verified Key: B. $2000 will be credited in cash book
Solved by 1,558+ students

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

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