Multiple Choice
Which of the following statements about the bank statement is NOT true?
A) The bank statement shows the amount payable by the customer.
B) The bank statement summarises the activity in a cheque account.
C) If the customer of the bank has a substantial bank overdraft,the closing balance will normally be a debit.
D) It is the source document for bank charges.
Correct Answer:
Verified
Correct Answer:
Verified
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