Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 29 - No. 26)
Which of the following transaction types would typically be recorded in the bank column of the cash book?
Payment by cheque to a supplier.
Cash sales.
Receipt of cash from a customer.
Bank charges.
Explanation
Payments by cheque and bank charges decrease bank balance, and are recorded in the bank column.
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