Which of the following statements is true?
A) Bank charges increase debit balance shown as per Bank Column of the Cash Book.
B) Bank charges increase debit balance as per Bank pass book.
C) A cash sale of a non-trading asset is recorded in the journal proper.
D) Cash discount allowed by the business will appear on the debit side of the debtor's account.
Correct Answer:
Verified
Q15: Debit side of Bank Pass book corresponds
Q16: Difference in Bank Balance as per Pass
Q17: Which of the following statements is/are true?
A)When
Q18: The Bank Reconciliation Statement is prepared
A)To rectify
Q19: Which of the following statements is false?
A)When
Q21: Bank reconciliation is a statement prepared to
Q22: Bank reconciliation statement is a part of
Q23: Benefits of preparing Bank Reconciliation Statement includes
Q24: Debit balance as per bank pass book
Q25: Which of the following is not a
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