Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 49 - No. 6)
When a business withdraws cash from the bank for office use, what is the effect on the cash book?
The cash balance decreases, the bank balance increases.
The cash balance increases, the bank balance decreases.
Both cash and bank balances increase.
Both cash and bank balances decrease.
Explanation
The cash balance in the business increases, while the bank balance decreases.
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