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Assume that Oman Gulf Company S.A.O.C.(Muscat Branch) purchased the raw materials of OMR 3000 and issued the check to the supplier. The accountant immediately entered
Assume that Oman Gulf Company S.A.O.C.(Muscat Branch) purchased the raw materials of OMR 3000 and issued the check to the supplier. The accountant immediately entered in the cash book. After 3 days the company received the bank statement in which the check issued to the supplier not yet deducted. Therefore while preparing the Bank Reconciliation statement, what adjustment the accountant will do? Choose the correct answer from the following given options. a. Less OMR 3000 from the Bank statement balance b. Add OMR 3000 to the cash book balance c. Less OMR 3000 from the cash book balance d. Add OMR 3000 to the bank statement balance
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