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  • Bank Reconciliation Statement
  • When a bank debits interest, it results in ________ in ba...
Multiple choice

When a bank debits interest, it results in ________ in bank overdraft.

  1. no change

  2. a decrease

  3. an increase

  4. slight change

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

(A)     Charge of interest will change the balance/overdraft. (B)     Charge of interest will decrease the balance. (C)     Any debit by banker is charged from customer.

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