Short Answer
Dawes Pty Ltd received its monthly bank statement showing bank charges of $20.The transaction should be recorded as:
A. DR Cash CR Bank charges
B. DR Accounts payable CR Cash
C. DR Bank charges CR Cash
D. No record is necessary.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q12: A chart of accounts is:<br>A) a means
Q21: Select the heading under which each of
Q22: Which of the following is NOT a
Q23: Inventory of $100 000 was purchased
Q24: Use the information given above to answer
Q25: Select the heading under which each of
Q28: Merchandise purchased by Dawes Pty Ltd
Q29: Which of the following is an internal
Q30: Identify the correct classification for the following
Q31: Which of the following statements about a