under bank reconciliation statement
bashorun had not entered receipt of 530 dollars in his cash book what will be the particular under adjusted cash book.?
In order to determine the particular in the adjusted cash book, we need to understand the process of bank reconciliation.
Bank reconciliation is the process of matching the balance on the bank statement with the balance in the company's own records (cash book). This is done to identify any discrepancies between the two and to ensure the accuracy of the company's financial records.
In this case, since Bashorun has not entered the receipt of $530 in his cash book, the bank statement will show a higher balance compared to the cash book.
To adjust the cash book, we need to add the missing amount (in this case $530) to the cash book. This will ensure that the cash book balance matches the bank statement balance.
The particular in the adjusted cash book will be a credit entry of $530. This entry represents the receipt that was not initially recorded in the cash book. It will be recorded as follows:
Date: [Date of the Receipt]
Particulars: [Description of the Receipt]
Debit: [Amount of the Receipt]
Credit: $530
By making this adjustment, the balance of the cash book will now match the balance on the bank statement, and the discrepancy will be resolved.