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  • What account is used to record a service charge
Multiple choice

What account is used to record a service charge

  1. Service Charge

  2. Misc. Expense

  3. Utilities Expense

  4. Cash

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

Bank service charges are typically small, infrequent costs that do not warrant a specific dedicated account, so they are recorded under Miscellaneous Expense.

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