Example: On 11-1-2017, Ahmed asked the Arab Bank, the head office, to transfer an amount of 10,000 dinars to the traveler Amer in Irbid, assuming that the transfer commission! The wages for other expenses were 5 dinars, and the bank transferred to is the Arab Bank, Irbid branch, and there are frequent transfers. 

Required: Recording the operations in the Arab Bank’s head office, assuming the following cases, both separately. First: Ahmed benefited from the transfer’s value and its expenses in cash

Second: The customer, Ahmed, keeps a current creditor with the bank with a balance of 50,000 dedars, and a requirement to record the value of the transfer and its expenses on his account.

Answer rating: 100% (QA)

First case Dr Cash 5000 Cr Transfer Expenses 5000 Second case Dr Accounts Re... View the full answer