Bank charged a check against the company that should have been charged toanther company add to cash balance per bankTrueFalse In the trial balance the drawing account will occur in the credit side.TrueFalse

Bank Reconciliation statement reconciles the cash balance of the company records with the bank…

Answered: k charged a check against the company…

Business

Accounting

k charged a check against the company that should ner company add to cash balance per bank True

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

Bank charged a check against the company that should have been charged to
anther company add to cash balance per bank
True
False

In the trial balance the drawing account will occur in the credit side.
True
False

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