Multiple Choice
Which of the following statements relating to a bank statement is true?
A) It constitutes a source document for the entity for direct debits and credits such as bank charges.
B) The bank's customer is viewed as a debtor.
C) A direct deposit is listed in the debit column.
D) A positive balance in the bank account will be shown as a debit balance.
Correct Answer:
Verified
Correct Answer:
Verified
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