Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Alison Ltd's bank statement showed a debit
Q7: In preparing a bank reconciliation statement for
Q8: Segregation of duties involves:<br>A) clearly establishing lines
Q9: Which of the following is NOT true
Q10: Simon Ltd's bank statement showed a credit
Q12: In preparing a bank reconciliation statement for
Q13: In preparing a bank reconciliation statement for
Q14: Which of the following is NOT correct?
Q15: In terms of an effective internal control
Q16: In preparing a bank reconciliation statement for