Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 46 - No. 44)
How does a bank statement show a business's transactions?
Only deposits and withdrawals.
Only cash receipts and payments.
All transactions processed by the bank.
The business's internal record of transactions.
Explanation
The bank statement reflects all transactions processed by the bank, including deposits, withdrawals, and fees.
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