Dawes Pty Ltd received its monthly bank statement showing bank charges of $20.The transaction should be recorded as:
A. DR Cash $\quad $ CR Bank charges

B. DR Accounts payable $\quad $ CR Cash

C. DR Bank charges $\quad $ CR Cash

D. No record is necessary.

Question

Dawes Pty Ltd received its monthly bank statement showing bank charges of $20.The transaction should be recorded as:
A. DR Cash  $\quad $ CR Bank charges

B. DR Accounts payable  $\quad $ CR Cash

C. DR Bank charges  $\quad $ CR Cash

D. No record is necessary.

Quizplus · Accepted Answer

The Answer of Dawes Pty Ltd received its monthly bank statement showing bank charges of $20.The transaction should be recorded as:
A. DR Cash  $\quad $ CR Bank charges

B. DR Accounts payable  $\quad $ CR Cash

C. DR Bank charges  $\quad $ CR Cash

D. No record is necessary.

Dawes Pty Ltd Received Its Monthly Bank Statement Showing Bank \quad

Dawes Pty Ltd Received Its Monthly Bank Statement Showing Bank $\quad$