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  • Bank Reconciliation Statement
  • Bank charges adjusted twice in the cash book make the ove...
Multiple choice

Bank charges adjusted twice in the cash book make the overdraft, as per cash book, 

  1. higher

  2. lower

  3. equal

  4. fluctuating

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

The bank charges recorded twice in the cash book will increase the overdraft. If it is a positive balance in the books, the balance is reduced.

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  • Banking and Cash Transactions (990 questions)
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