Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 31 - No. 49)

Which of the following transactions will lead to a decrease in the bank balance?

Cash sales

Direct debit of utilities bill

Payment made to supplier

Receiving a cheque from a customer

Explanation

Direct debits and payments to suppliers withdraw money from the bank, decreasing the balance. Cash sales and receiving a cheque increases the balance.

Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 31 - No. 49)

Explanation

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