Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 8 - No. 31)
What does it mean when the bank charges are levied?
A debit balance in the cash book and bank statement
A credit balance in the bank statement
A debit balance in the bank statement and a debit in the cash book
A debit balance in the bank statement and a credit in the cash book
Explanation
The cash book will be debited and the bank statement credited.
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