Multiple choice

An entry has been made in the credit column of a bank statement but not recorded in the cash book. Such a record can possibly be

  1. bank charges

  2. direct payment

  3. credit transfer

  4. unpresented cheque

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

Credit transfer is a direct payment of money from one bank account to another. The other options are to be debited, not credited.