If a company is owed $100 000 by the bank, why would it appear as a DR

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If a company is owed $100 000 by the bank, why would it appear as a DR in the company’s ledger accounts and a CR on the bank statement?

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Financial Accounting An Integrated Approach

ISBN: 9780170411028

7th Edition

Authors: Ken Trotman, Elizabeth Carson

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Question Posted: Aug 20, 2023 06:48 AM

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If a company is owed $100 000 by the bank, why would it appear as a DR

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In accounting debits DR and credits CR are used to record transactions based on the accounting equat...View the full answer

Financial Accounting An Integrated Approach

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