Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 45 - No. 24)
What is the impact on a company's bank balance when cash is withdrawn from the bank?
The bank balance increases.
The bank balance decreases.
The bank balance remains the same.
It depends on the reason for withdrawal.
Explanation
When cash is withdrawn from the bank, the company's bank account balance decreases.
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