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Q11: Bank sent debit memo of $500 to company as interest on overdraft. It wasnt entered in company's cash book. Identify the correct adjustment in

Q11:

Bank sent debit memo of $500 to company as interest on overdraft. It wasnt entered in company's cash book. Identify the correct adjustment in cash book?

$1000 will be subtracted

Non- adjustable

$500 will be credited

$500 will be debited

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