Included in the bank statement was a debit for bank service charges. What entry is required in the company's accounts?
A) DR Bank charges
CR Cash
B) DR Cash
CR Other revenue
C) DR Cash
CR Accounts payable
D) DR Accounts payable
CR Cash

Name: Included in the bank statement was a debit for bank service charges. What entry is required in the company's accounts? A) DR Bank charges CR Cash B) DR Cash CR Other revenue C) DR Cash CR Accounts payable D) DR Accounts payable CR Cash
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Question

Quizplus · Accepted Answer

The Answer is A

Included in the Bank Statement Was a Debit for Bank