Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 47 - No. 37)
What is the impact of bank charges to a company's financial position?
Increase in bank balance and increase in expenses.
Decrease in bank balance and increase in expenses.
Increase in bank balance and decrease in expenses.
Decrease in bank balance and decrease in expenses.
Explanation
Bank charges reduce the bank balance and increase the expenses.
Comments (0)
