Tick one of the grids on the right to state whether each of the following transactions will
Question:
Tick one of the grids on the right to state whether each of the following transactions will increase, reduce or make no change to the total cash a business has both in hand and at bank:
(a) Deposited £2,800 from the day’s collection into its bank account
(b) Received a cheque for £5,000 from a customer
(c) Paid £6,000 as rent by cheque
(d) Wrote out a cheque for £500 to withdraw money for office use
(e) The bank deducts £15 from account as bank charges
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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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