An unrecorded bank charge for ₹150 will be treated in BRS starting with Cash Book balance (Dr.):
A. Added twice
B. Added ₹150
C. No adjustment
D. Deducted ₹150
Answer: Option D
Solution (By JKSSB Mock Tests)
Bank charges have been debited by bank in passbook, reducing the balance, but not recorded in cash book. To reconcile from cash book to passbook, we deduct the charges.
Explanation:
Collecting cash from debtors increases one asset (Cash) and decreases another (Debtors) by the same amount, leaving total assets unchanged.
Explanation:
Social accounting encompasses reporting on social, environmental, and ethical impacts, often termed social responsibility accounting, environmental accounting, or green accounting.
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