The accounting entry to record bank charges deducted from the Bank account of the business is: (a)
Question:
The accounting entry to record bank charges deducted from the Bank account of the business is:
(a) Debit Interest account credit Bank account
(b) Debit Bank charges account credit Bank account
(c) Debit Cash account credit Bank charges account
(d) Debit Bank charges account credit Cash account
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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